January was a big month for Kansas sports betting. To begin the year, Kansas set a new sports betting handle record with $206 million.
The state’s previous high was $186.3 million in November 2022. Most of the gambling came from online platforms; regardless, Kansas sports betting is resonating with customers.
Kansas online sports betting leaving its mark
For January, the state’s six online operators recorded $196.7 million in online betting handle, while the four retail sportsbooks added $9.4 million.
The six online operators are:
- DraftKings*
- FanDuel*
- Barstool*
- BetMGM
- Caesars*
- PointsBet
*has a retail sportsbook in Kansas
On the revenue side, Kansas sports betting generated $5,991,876 for operators, according to data from the Kansas Lottery. As a result, the state collected $598,745 in tax revenue.
Overall, the upstart sports betting industry has totaled $924.8 million in betting handle, $26.9 million in revenue, and $2.7 million in tax revenue since its debut.
The FanDuel Sportsbook at Kansas Star continues to lead all operators from an online perspective with $10.5 million in revenue since Sept. 2022.
Gov. Laura Kelly signed Senate Bill 84 legalizing Kansas sports betting on May 12, 2022. The state began taking bets on Sept. 1, with an official launch on Sept. 8, 2022.
Kansas casinos also performing well
The state’s four casinos have also received an added boost from sports betting.
In January, Kansas casinos reported a 10.62% increase in revenue compared to January 2022. The only property to record a decrease in revenue for the month was Boot Hill Casino, which reported a 7.77% decrease in revenue.
Jan. 2023 revenue by casino:
- Boot Hill Casino – $3,630,648 (-7.77% change)
- Kansas Star Casino – $13,435,567 (11.24% change)
- Hollywood Casino – $12,631,653 (15.52% change)
- Kansas Crossing Casino – $3,416,641 (14.36% change)
- Total – $33,114,509 (10.62% change)
Overall, casino gambling in Kansas has recorded a 1.64% change for the fiscal year compared to the same period last year.
FY 2023 revenue by casino:
- Boot Hill Casino – $28,203,393 (-1.88% change)
- Kansas Star Casino – $93,168,944 (-2.31% change)
- Hollywood Casino – $90,102,491 (6.22% change)
- Kansas Crossing Casino – $23,605,642 (5.65% change)
- Total – $$235,080,470 (1.64% change)
By examining other jurisdictions with legal, regulated sports betting, it’s clear this is only the tip of the iceberg in terms of the industry’s overall potential.
