BetKansas.com gaming analyst Dru James
Kansas Sports Betting Off To a Strong Start
The Kansas Lottery has released the first ever revenue report for legal sports betting in the state of Kansas. Here are the key figures:
- September total revenue $1.29 million
- September mobile revenue $326,147
- Tax collected in September: $129,617
*Boot Hill casino did not report any revenue this month
Here are a few key points of analysis from BetKansas.com gaming analyst Dru James:
“Kansas is off to an explosive start in the sports betting market. Proportioned to population size, the Sunflower state is doing well compared to other recent launches – Arizona generated $392,418 in revenue its first month despite being 83% more populated.”
“It’s expected that there will be continued rapid growth in revenue through the end of the year, and perhaps up until the Super Bowl, before stabilizing next spring. These initial months are critical to establishing Kansas as a strong market, especially while most sports are in season.”
“The state collected about 10% of total revenue generated in taxes. As with other legalized gambling, these funds will be distributed across a variety of state programs, such as gambling addiction assistance. As the market develops and strengthens, Kansas will start to see the material benefits of legalized sports betting, even if they don’t personally partake.”
-
Africa3 weeks ago
BMM Testlabs Continues Its Expansion in Africa with New Licenses in Botswana and Nigeria to Test Land-Based and Digital Products
-
Australia3 weeks ago
VGCCC Fines Bookmaker MintBet $100,000 for Repeat Breaches of its Responsible Gambling Code of Conduct
-
GAT Expo4 weeks ago
Pragmatic Play Prepares for GAT Cartagena Gaming Week 2024
-
Compliance Updates4 weeks ago
3 Oaks Gaming extends European reach with Romania licence
-
Central Europe4 weeks ago
Gaming Corps makes key European addition with Fortuna Entertainment Group partnership
-
Press Releases2 weeks ago
OpenBet Powers Record-Breaking 100,000+ Peak Bets per Minute at Grand National 2024
-
Africa3 weeks ago
KingMakers’ Nigerian operating business, BetKing, selects Genius Sports to power growth with in-play trading services
-
Africa3 weeks ago
IESF African Regional Qualifiers Host Announced