Kansas sports betting gets good start

The first month of legalised sports betting in the US state of Kansas yielded revenue of $1.29m, with mobile revenue at $326,147 and a tax yield of $129,617.

BetKansas.com gaming analyst Dru James said: “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 per cent 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 stabilising 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 per cent of total revenue generated in taxes. As with other legalised gambling, these funds will be distributed across a variety of state programmes, 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.”