The Kansas City Chiefs officially play in neighboring Missouri but their Super Bowl win affected Kansas gambling in February. On the Super Bowl alone, Kansans players placed nearly $25 million in legal bets. Sportsbooks paid out $39 million in winning Super Bowl bets.
Since online sports betting sites paid more than they took in, Kansas only generated $1,134 in sports betting tax revenue. Meanwhile, the total betting handle for February was $194 million.
Kansas sports betting drops in February
There are six online sportsbook operators in Kansas:
- DraftKings
- FanDuel
- Barstool
- BetMGM
- Caesars
- PointsBet
And only three of them – DraftKings, FanDuel, and Caesars – have a retail sportsbook.
DraftKings remained the No. 1 online sportsbook with $74 million in bets. FanDuel was second with $69.9 million, whereas BetMGM came in third with $18.9 million. Barstool came next with $10.9 million, then Caesars with $10.2 million. And finally, PointsBet with $1.7 million.
FanDuel ($11,342) and PointsBet ($24,574) were the only two online Kansas sportsbooks to post positive net revenues in February. After paying out winning tickets, DraftKings held $3.1 million. But it had a negative net carryover from the previous month. Barstool Sportsbook, BetMGM and Caesars paid out more in winnings than they took in.
The total betting handle for February was $194,034,469. Significantly less than the $206,060,734 that the Sunflower State generated in January.
Since its debut in September, the sports betting industry in Kansas has totaled:
- $1.1 billion in betting handle
- $26.9 million in revenue
- $2.69 million in tax revenue
Kansas casinos perform slightly better than last year
In February, Kansas casinos reported a 4.49% increase in revenue compared to February last year. The only property with a decrease in monthly revenue was Boot Hill Casino. It reported a 1.93% decrease in revenue.
More precisely, here’s a monthly revenue for February 2023 by casino:
- Boot Hill Casino – $3,952,240 (-1.93% change)
- Kansas Star Casino – $13,502,301 (4.09% change)
- Hollywood Casino – $12,972,091 (6.63% change)
- Kansas Crossing Casino – $3,605,150 (6.0% change)
- Total – $34,031,782 (4.49% change)
Total revenue for February 2023, $34,031,782, is slightly higher than January 2023’s $33,114,509.
Kansas casinos recorded a 1.99% change for the fiscal year (2/28/2022-2/28/2023) compared to the same period last year. Total Kansas gambling revenue for the fiscal year was $269,112,253.
