Kansas sports betting marked a significant milestone in December, achieving a record-breaking revenue of $20.1 million, showcasing a remarkable 39.6% surge from October’s $14.4 million. This surge not only outpaced the previous months but also demonstrated a robust 95.2% increase compared to December 2022, and a staggering 125.8% rise from November 2023. This surge in revenue was predominantly driven by online betting, contributing $19.2 million, while retail wagering added $808,961 to the total.
Revenue Breakdown:
In terms of revenue distribution, online betting emerged as the dominant force, with Boot Hill Casino and DraftKings leading the pack. Their partnership yielded $8.5 million from a substantial $103.8 million handle. Following closely, Kansas Star and FanDuel reported $7.2 million from an $86.5 million handle, while Kansas Crossing and BetMGM registered $3.0 million from $22.6 million.
On the retail front, Hollywood Casino at Kansas Speedway secured $545,035 in revenue from a $7.8 million handle. Kansas Star and FanDuel generated $208,110 with a handle of $1.8 million, and Boot Hill and DraftKings contributed $42,507 from $417,104.
Handle Overview:
While the handle in December slightly decreased from the record set in November, players still wagered an impressive total of $259.7 million. This represented a substantial 40.4% year-on-year increase, with consumers betting $249.1 million online and $10.6 million at retail sportsbooks.
Tax Contributions:
In December, Kansas collected $2 million in sports betting taxes, with $1.9 million coming from online betting and $80,895 from retail. This financial injection into state coffers reflects the growing impact of the thriving sports betting industry on the local economy.
Fiscal Year-to-Date Performance:
Taking a broader perspective, the fiscal year-to-date performance in Kansas has been robust, with a total handle of $1.16 billion. Online betting dominated the landscape with $1.11 billion, while retail contributed $52.9 million. The sports betting revenue for the period reached $63.1 million, with online betting accounting for $59.3 million and retail wagering contributing $3.8 million. The state collected a total of $6.3 million in taxes, showcasing the significant financial benefits derived from the sports betting industry.
Prairie Band Casino & Resort’s Sportsbook:
Adding to the state’s success story, Prairie Band Casino & Resort, owned by the Prairie Band Potawatomi Nation, became the first tribal casino in Kansas to offer sports betting. The casino officially opened its sportsbook in Mayetta, Kansas, in a groundbreaking move. The tribal sportsbook, established through a multi-year partnership with Kambi, boasts 10 kiosks and four bar-top terminals, featuring Kambi’s award-winning Bet Builder. This development marks a pivotal moment in the state’s gaming landscape, signaling the inclusion of tribal entities in the flourishing sports betting industry.
Kansas’ sports betting industry is experiencing a period of remarkable growth, as evidenced by the record-breaking revenue in December. The surge in online betting, coupled with successful partnerships between casinos and prominent operators like DraftKings and FanDuel, has propelled the state into a prominent position in the rapidly expanding U.S. sports betting market. As the industry continues to evolve, it is evident that Kansas is well-positioned to reap the economic benefits and offer a diverse and engaging experience for both online and retail sports bettors.