When you sign-up through links on our site, we may earn an affiliate commission. Learn more >
The Kansas Racing & Gaming Commission (KRGC) has announced that sportsbooks have seen $1.5 billion in bets one year after the industry launched on September 1, 2022. That led to the state collecting $5.8 million in taxes, which far surpassed the $1.8 million projection for the industry’s first year. That revenue will go towards several funds, but nearly all of it ($4 million) is being used for a fund to attract a pro sports team to Kansas. Problem gambling and lottery funding will also receive some of the remaining revenue.
“This has been a pretty incredible year for sports in the Sunflower State,” Cory Thone of the Kansas Lottery said of their impressive first year. “KU and K-State, for example, in multiple sports were really good this year, exceeding expectations and everything else, making the [NCAA Men’s Basketball] Tournament, making bowl games. So, there has been a lot of sports excitement in the fall.”
The impressive numbers will lead to new projections for the next decade, but they could also lead to changes in tax revenue distribution. Most of that is used for a state fund to attract a pro sports team (mainly the Chiefs) to come to the state. That is a significant departure from many other states, which mostly use their funds for school or youth athletic programs. While the KRGC has said the uptick in problem gambling was slight, funds could be shifted towards those programs if those numbers rise in year two.
While the state lacks a pro sports team, they do have two major college sports programs: Kansas State and the University of Kansas. Both had impressive seasons in men’s basketball, and Kansas State’s football team finished second in the conference. On top of that, Kansas has seen better play from their long-struggling football team, drawing fans back in. The success of both schools has been a big part of Kansas’s impressive first-year numbers, and it should continue to boost tax revenue going forward.
Michael is an avid sports fan and a veteran bettor from Milwaukee. He learned the trade from his grandfather in Las Vegas as a kid and has turned that into a successful career. He cheers for all Wisconsin pro teams along with his Alma Mater Arizona State. He specializes in baseball betting, but has experience in football, basketball, and hockey as well. When he isn’t pouring over stats, he’s spending time with his two young children.More info on Michael Savio
© Rebel Penguin ApS 2023 (a subsidiary of Gaming Innovation Group Inc.)
We support responsible gambling. 21+ Only. Gambling problem? Call 1-800-Gambler.
WSN.com is run by iGaming Cloud Inc (a Gaming Innovation Group Subsidiary) and is registered with the New Jersey Division of Gaming Enforcement (DGE) under affiliate vendor ID 89744, with the Indiana Gaming Commission (IGC) under certificate of registration number SWR-000148, approved by the Pennsylvania Gaming Control Board as a gaming service provider, under certificate registration number 117656-1, possesses a Vendor Minor sports betting license from the Colorado Limited Gaming Control Commission (account number 94414163), granted a vendor registration number VR007603-20-001 by the Michigan Gaming Control Board, an interim Sports Wagering Supplier license, under license number SWS 066, issued by the West Virginia Lottery Commission, a sports betting vendor registration, under registration number #100400, issued by the Director of Gaming Licensing and Investigations of the Virginia Lottery to operate in the State of Virginia, and a Vendor Registration issued by the Sports Wagering Committee of the Tennessee Education Lottery Corporation.
Advertising disclosure: WSN contains links to online retailers on its website. When people click on our affiliate links and make purchases, WSN earns a commission from our partners, including ESPN and various sportsbooks.