Kansas set a new record for its sports betting handle in October, with players wagering a staggering $249.7 million, breaking the previous record set in September by nearly 14%. This also marked a significant increase from October 2022, with a 31.5% jump in wagers.

The majority of the bets, about $240.9 million, were placed with online operators while $8.8 million came from retail sportsbooks. Overall, the revenue from both online and retail betting reached an all-time high of $14.4 million.

Leading the charge in online sports betting in Kansas were Boot Hill Casino and DraftKings, generating $6.3 million in online revenue from over $114 million in bets. Kansas Star Casino and FanDuel followed closely with $4.8 million in revenue from $67.4 million in bets. Rounding out the top three was Kansas Crossing Casino and BetMGM, with $1.6 million in revenue and a $20.8 million handle.

On the retail side, Hollywood Casino at Kansas Speedway at Barstool took the top spot with revenue of $951,869 from $6.3 million in bets. Kansas Star and its FanDuel retail sportsbook came in second with $198,592 in revenue from $1.4 million in bets, while Boot Hill and DraftKings followed with $39,045 in revenue from a $717,662 handle.

In terms of taxes, Kansas collected $1.5 million in taxes during the month, with the majority coming from online betting at $1.3 million and $122,493 from retail betting.

These numbers highlight the growing popularity and success of sports betting in Kansas, with both online and retail channels contributing to the record-breaking month of October. With such impressive figures, the state’s sports betting industry continues to thrive, providing significant revenue and tax contributions.

By admin