Kansas Sports Betting Ends First Year With August Handle Bump

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Kansas sports betting

Kansas sports betting handle reached $94.4 million in August, closing the market’s first full year of legal wagering.

According to figures recently released by the Kansas Lottery, the monthly total is an 18% increase over July, when KS sports betting accounted for $79.7 million in handle.

Sportsbooks generated $7.6 million in August revenue, and the state collected $484,000 in sports betting taxes for the month.

First full year of Kansas sports betting

Since September 2022, sports bettors in the Sunflower State have staked $1.85 billion.

Sportsbooks posted a 9% win rate, or hold, over their first 12 months of operations, generating a combined $166.4 million in revenue.

The state collected nearly $7 million in sports betting taxes over that time.

“It was a successful and exciting year,” Kansas Lottery public information officer Cory Thone said. “Sports betting in Kansas exceeded our (revenue) projections for Fiscal Year 2023, something we are very proud of.”

Leader among KS sports betting apps

In the first year of legal sports wagering in Kansas, 96% of bets were placed online.

DraftKings Sportsbook has been the market leader from the beginning. It handled $753.4 million in year one, good for 43% of all online betting dollars.

DraftKings also topped the revenue report, claiming 42% of all online revenue with $67.7 million since September.

FanDuel Sportsbook was a clear-cut second over the first full year of KS sports betting. FanDuel generated $56 million in revenue from $538.4 million in handle.

Best of the rest in Kansas

BetMGM and Caesars Sportsbook are the two other most popular sports betting apps in Kansas. BetMGM accepted $223.9 million in online bets since its September launch, good for 13% of the online market.

Caesars claimed nearly 7% of the online handle market with $120.4 million in the last 12 months.

BetMGM and Caesars generated $21.9 million and $6.8 million in revenue, respectively, in the first year of Kansas operations.