Kansas sports betting has been live for one month, and the Kansas Lottery has revealed the revenue numbers.
According to reports, Kansas sports betting revenue raked in $1,296,174 with $129,617 going to the state in taxes. Sportsbooks saw a combined $160.5 million in bets during that time.
Kansas Revenue First Month
The Kansas sports betting market was dominated by Barstool Sports. The Penn National sportsbook saw $762,305 of the total revenue share for September. This is good for 58.8% of the entire market. Barstool Sports was followed by FanDuel’s $207,722 for the second biggest sportsbook in that time frame.
BetMGM, Caesar’s, and PointsBet combined for the remaining $326,147. Each entity is partnered with Kansas Crossing Casino. The bulk of the betting handle for September came from online sportsbooks. Retail operators only accounted for $5.6 million of all bets placed.
In total, approximately 96.5% of all bets came from online sportsbooks with a betting handle of $154.9 million. This shows that Kansas locals have embraced mobile and online betting at the same rate as other US markets that offer both.
How Kansas Compares To Other Markets
So far, September has been a major sports betting month in terms of betting handle and revenue. Indiana saw record revenue numbers for a single month with $51.2 million. Reports revealed that $382.5 million was wagered during that time.
In Maryland, retail sportsbooks reported $31.4 million in betting handle. Sportsbooks saw a 17.6% hold rate for $5.5 million. The state saw $984,308 in taxes off of a 15% take rate set by regulations. Maryland online sportsbooks have yet to launch.
The NFL season is usually the busiest time for sports betting in each market. Kansas’ numbers could be viewed as on the high end of what the market will normally look like. Looking at other markets, Kansas is in the mix in terms of betting handle and revenue.
Sports betting should continue to boom in Kansas well into the new year. The Super Bowl and March Madness tournaments will likely see peak betting numbers for the Sunflower State.