Kansas Sports Betting Revenue Rises In July Amid Summer Slowdown

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Kansas sports betting

Kansas sports betting handle reached $79.7 million in July, a 19% decrease from June ($98.1 million) and the lowest monthly total since KS sports betting began in September 2022.

According to figures recently released by the Kansas Lottery, sportsbooks combined for $9.6 million in revenue, up from $8.1 million in June.

Operators sent $683,000 back to the state in taxes.

DraftKings reigns in KS sports betting

In July, DraftKings Sportsbook accepted $35.2 million in online bets to lead all KS sports betting apps.

DraftKings has handled more monthly betting dollars than any other online operator in the state since the market opened.

The popular sportsbook generated $4.1 million in online revenue in July, a 45% increase over its $2.8 million revenue total the month before.

FanDuel boosts revenue, too

FanDuel Sportsbook also increased its monthly revenue in July. It cleared $3.1 million online last month, up 7% from June ($2.9 million.)

The revenue increase came despite a 14% drop in its monthly online handle. FanDuel accepted $22.7 million in online bets in July, down from $26.3 million in June.

Sports bettors wagering less is voluminous during the summer months, with fewer sporting events on the calendar.

KS sports betting apps in July

BetMGM and Caesars Sportsbook accepted $7.6 million and $7.5 million in online bets, respectively.

Caesars generated $506,600 in monthly revenue, while BetMGM produced $946,100.

Barstool Sportsbook, soon to become ESPN Bet, made $526,600 in revenue off $3.7 million in betting handle for the month.

PointsBet accepted the fewest Kansas sports betting dollars in July, with $649,400, falling short of $1 million in monthly handle for the second consecutive month. The company recently announced plans to sell US operations to Fanatics for $225 million.

Fiscal year totals for KS sports betting

July began the Kansas state fiscal year. Kansas sportsbooks generated $149.1 million in revenue behind $1.67 billion in handle between July 2022 and June 2023.

Sports betting in Kansas produced $5.8 million in taxes for the Sunflower State during those 12 months.