Impressive Figures Predicted for Kansas Sports Betting

Impressive Figures Predicted for Kansas Sports Betting

The countdown to the launch of sports betting in Kansas is underway. As is often the case, there are predictions being made on the expected handle the state will have in the coming year and it’s looking pretty good.

BetKansas predicts that the state will have a sports betting handle of $1.78bn in the first 12 months. Their figures have been calculated by comparing Kansas to the betting seen in Arizona. Both states have NFL and MLB teams that gamblers will be busy betting on. The calculated figure would see companies taking $150m per month for the first year of business.

If that figure is correct, then it would see Kansas taking more than Louisiana, Indiana, Wyoming and Iowa. That would be a good result for Kansas because the population there is lower than each of those states aside from Wyoming.

It wouldn’t be too surprising though because of the tradition of following sports in Kansas. That’s not just for teams like the Kansas City Chiefs but also the large amount of college sports that take place in the state. Add on the MLS action at Sporting Kansas City and the annual Nascar race and there’s going to be plenty to bet on once sports betting is made legal.

Four casinos in Kansas will be partnering with sportsbooks. Boot Hill will be working alongside Bally Bet and DraftKings, while Hollywood Crossing has FoxBet and Barstool as partners. The Kansas Star Casino have forged partnerships with BetMGM and FanDuel and it’s PointsBet and Caesars who are working with Kansas Crossing.

September 1 is the big day in Kansas as that’s when sports bets will first be accepted. The official launch is on September 8 just in time for the new NFL season. The launch will take place after Governor Laura Kelly signed the sports betting bill that made betting legal on May 12.

The new NFL season is going to be welcomed by US states that have made sports betting legal. Without the American Football and NBA to bet on, lower figures have been reported in several states.

In New Hampshire, the sports betting handle for July was $42.7m. That’s the lowest figure they have recorded since August of last year. It was 16.4% higher than the sports betting handle in July 2021 but 20.3% lower than the $53.6m that was recorded in June of this year. The amount of tax revenue raised was $2.1m.

Gross gaming revenue for July was $4.5m which is up $1.4m for July 2021. Of the $4.5m figure, $3.7m was wagered online.