A recent report has revealed that the sports betting handle in Kansas for February 2024 reached $203million.
Sports Betting Handle In Kansas
Kansas saw its sports betting handle rise to $203m during the month of February, a 4.6% increase from 12 months ago.
Despite the increase year-on-year, the total has decreased since January 2024, dropping by 15.3% since the opening month of 2024.
The decrease from January comes as the NFL playoffs and NBA season occurred at the same time and these two sporting events benefited the six operators.
Super Bowl LVIII played a huge part in the increase from last year, as the Kansas City Chiefs beat the San Francisco 49ers in Las Vegas and Kansas took advantage of the sports bettors in Missouri – as the state are yet to legalize sports wagering.
Online betting has become a popular method for Gamblers in Kansas, with $193.9m worth of bets coming via the internet and $9.1, through traditional sportsbooks.
Revenue has also increased since February 2023, sitting at $3.1m in comparison to $35,916 last year – while also dropping by 48.3% since January 2024.
Online sports wagers brought in a revenue of $3m, with Booth Hill Casino and DraftKings leading the way for betting operators – earning $2m in revenue from $87.7m worth of bets.
Close behind was Kansas Star and FanDuel, who had originally been the leading sports books but dropped down in February.
They made $885,938 from $58.5m in bets, whilst Caesars and Kansas Crossing were the others that saw revenue – earning $198,496.
Boasting online deals with PointsBet and BetMGM, Kansas Crossing has increased in popularity within the state in recent years.
When looking at the physical betting market, only DraftKings and Boot Hill have revealed any revenue – earning $5,025 from $612,308 worth of bets.
ESPN Bet had an impressive handle of $14.6m during February, which was slightly better than Barstool’s $10.9m, but neither sportsbook managed to make revenue online or in person.
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