February Sports Betting In Kansas Sees Growth

Sports betting in Kansas has reported a 4.6% increase in consumer spending in February, reaching $203.0m. The state’s revenue also experienced a boost, rising year-on-year. This growth has been driven by a combination of online and retail betting.

In February, Kansas witnessed a significant turnover in sports betting, surpassing the $194.0m mark set in the same month the previous year. However, it fell behind January’s figure of $239.6m by 15.3%.

Out of the total, $193.9m came from online sportsbooks, while the remaining $9.1m was generated at retail facilities. Revenue-wise, the earnings hit $3.1m in February, a substantial rise from the mere $35,916 recorded in the previous year, but still 48.3% behind January’s $6.0m.

The majority of revenue came from online betting, amounting to $3.0m, with a meager $5,025 generated by retail sportsbooks. In addition, Kansas also managed to generate $305,494 in taxes during the month.

In February, DraftKings and Boot Hill Casino emerged as the new leaders in the online market. Their partnership generated $2.0m in revenue from $87.7m in total bets.

FanDuel and Kansas Star, the frontrunners in January, slipped to second place, earning $885,938 from $58.5m wagered. Caesar’s and Kansas Crossing were the only other partnership to generate revenue, posting $198,496 for the month.

When it comes to the retail market, the only partnership to post revenue was DraftKings and Boot Hill. However, this only amounted to $5,025 off $612,308 in total bets.

The sports betting growth in February significantly impacted Kansas’s year-to-date performance. Total spend in the fiscal year hit $1.61bn, which comprises $1.53bn from online betting and $73.6m at retail facilities.

When it comes to revenue, this amounted to $80.5m, with online betting contributing $76.0m and retail $4.5m. The total tax for the period reached $8.0m.