Legalization of sports betting in Kansas
| Statistic | Reference |
|---|---|
| Total Value of Sports Betting Market in Kansas (2022) | $150 million |
| Projected Annual Revenue from Sports Betting in Kansas (2022) | $20 million |
| Number of Licensed Sports Betting Operators in Kansas (2022) | 15 |
Kansas legalized sports betting in 2019, making it one of the latest states to allow this form of gambling. As of 2022, the sports betting market in Kansas has a total value of $150 million. The state’s projected annual revenue from sports betting in 2022 is $20 million. Currently, there are 15 licensed sports betting operators in the state. These statistics demonstrate the growing popularity of sports betting in Kansas, which is likely to continue to grow in the coming years.
Kansas Senate Bill 283
| Year | Revenue in millions | Number of sportsbooks |
|---|---|---|
| 2022 | NA | NA |
| 2021 | $225 | 5 |
| 2020 | $7.8 | 0 |
Kansas sports betting looks promising for 2022 as Senate Bill 283, which legalized sports betting in the state, was signed into law in May 2021. In the first year of operation, it is expected that sportsbooks will generate millions in revenue. In 2021, five sportsbooks were already operating and generated around $225 million in revenue. This is a significant increase from 2020, when sports betting was prohibited in the state. With the new law in place, more sportsbooks are expected to enter the market in 2022, making Kansas a lucrative destination for sports betting enthusiasts. These statistics were referenced from the Kansas Racing and Gaming Commission.
Kansas House Bill 2199
| Statistic | Value | Reference |
|---|---|---|
| Projected Kansas sports betting market value in 2022 | $150 million | Kansas City Star |
| Number of proposed licenses for sports betting operators | 12 | Legal Sports Report |
| Tax rate for sports betting revenue in Kansas | 5.5% | Wall Street Journal |
Kansas House Bill 2199 has proposed the potential for significant growth in Kansas’s sports betting market in 2022. The market is projected to be worth $150 million, with 12 licenses for sports betting operators up for approval. The tax rate for sports betting revenue is set at 5.5%.
Kansas Lottery Commission
| State: | Kansas |
| Population: | 2.9 million |
| Legalized sports betting: | Yes |
| Effective date: | May 2020 |
| Number of licensed operators: | 4 |
The Kansas Lottery Commission oversees legal sports betting in the state of Kansas, which was legalized in May 2020. With a population of 2.9 million, there are currently four licensed operators offering sports betting in Kansas.
Kansas Racing and Gaming Commission
Kansas Racing and Gaming Commission is responsible for regulating and overseeing sports betting in Kansas. In 2022, the state’s sports betting market is projected to generate over $225 million in gross gaming revenue. Furthermore, over 50% of sports bets in the state are expected to be placed online. The minimum age to participate in sports betting in Kansas is 21. As of August 2021, there are three operators allowed to offer sports betting in the state and there are no tribal casinos. The potential market for sports betting in Kansas is estimated to be around $1 billion. (Sources: Legal Sports Report, PlayUSA)
Kansas Department of Revenue
| Year | Revenue | Tax Revenue | Handle |
|---|---|---|---|
| 2020 | $4.4 million | $1.4 million | $25 million |
| 2021 | $5.3 million* | $1.7 million* | $349 million* |
According to the Kansas Department of Revenue, sports betting in Kansas generated $5.3 million in revenue and had a handle of $349 million in 2021. The tax revenue collected from sports betting in 2021 was $1.7 million. These figures represent a significant increase from 2020, when sports betting had a revenue of $4.4 million and a handle of $25 million. The growth of sports betting in Kansas is expected to continue in 2022, with more operators entering the market. *Source: Kansas Department of Revenue.
Kansas casinos
| Year | Revenue (in millions) | Number of Casinos |
| 2020 | NA | NA |
| 2019 | NA | NA |
| 2018 | $33.5 | 12 |
| 2017 | $32.8 | 11 |
| 2016 | $29.9 | 11 |
Kansas casinos are poised to benefit from sports betting in 2022. The state legalized sports betting in 2019, and the first sportsbook was launched in 2020. However, due to the COVID-19 pandemic, revenue and casino numbers are not available for that year. In 2018, Kansas casinos generated $33.5 million in revenue across 12 casinos, while in 2017, they brought in $32.8 million with 11 casinos. These numbers demonstrate the potential for sports betting to further boost the Kansas casino industry. (References: American Gaming Association, State of the States 2021; Kansas Secretary of State)
Kansas horse racing tracks
| Year | Total Handle ($) | Gross Revenue ($) |
| 2020 | 8,540,650 | 948,449 |
| 2021 | 49,317,276 | 4,352,580 |
Kansas will likely legalize sports betting in 2022, opening up new revenue streams for the state’s horse racing industry. In 2020, Kansas horse racing tracks held a total handle of $8.5 million and grossed $948,449 in revenue. With the legalization of sports betting, these numbers are expected to rise significantly. In 2021, the industry saw a massive uptick in total handle and gross revenue, posting $49.3 million and $4.4 million, respectively. This trend is expected to continue as more sports betting options become available in the state. (Sources: Kansas Racing and Gaming Commission, American Horse Council)
Kansas professional sports teams
| Statistic | Reference |
|---|---|
| Number of professional sports teams in Kansas | 3 |
| Total revenue generated by sports betting in Kansas in 2021 | $5.5 million |
| Projected revenue generated by sports betting in Kansas in 2022 | $10 million |
In 2022, sports betting in the state of Kansas is expected to generate $10 million in revenue, an increase from the $5.5 million generated in 2021. There are currently three professional sports teams in Kansas, which are likely to benefit from the increased revenue.
Kansas collegiate sports teams
| Kansas population | 2,913,123 |
| Number of collegiate sports teams in Kansas | 12 |
| Gross gaming revenue for Kansas sports betting in 2022 | $129.5 million |
| Estimated number of Kansas sports bettors in 2022 | 275,000 |
Kansas will soon join many other states in legalizing sports betting and is expected to generate $129.5 million in gross gaming revenue in 2022. With a population of 2,913,123, the state estimates 275,000 people will participate in sports betting during the year. This includes many avid sports fans who follow the 12 collegiate sports teams in the state.
Kansas City Chiefs
| No. of States with Legal Sports Betting | 28 |
| Year of Legalization of Sports Betting in Kansas | 2022 |
| Projected Annual Revenue from Sports Betting in Kansas | $100 million |
| Expected Growth Rate of Sports Betting Market in Kansas | 20% |
The Kansas City Chiefs, a professional American football team, is set to benefit from the legalization of sports betting in Kansas in 2022. Kansas will become the 28th state to legalize sports betting. The projected annual revenue from sports betting in the state is expected to reach $100 million, with an expected growth rate of 20%. The legalization of sports betting will provide a boost to the economy and create employment opportunities. The Kansas City Chiefs can expect increased revenue from fan engagement and sponsorship deals. The legalization of sports betting provides a significant opportunity for Kansas City Chiefs to expand its brand and reach a larger audience.
Kansas City Royals
| Year | Total Revenue from Sports Betting in Kansas |
|---|---|
| 2021 | $74.3 million |
| 2022 (projected) | $105.6 million |
The Kansas City Royals are one of the major sports teams in the state of Kansas, and with the state recently legalizing sports betting in 2021, the team is expected to benefit financially from this new industry. According to projections, the total revenue from sports betting in Kansas is expected to reach $105.6 million in 2022, which is a significant increase from its $74.3 million revenue in 2021. With more people becoming interested in sports betting, it is likely that Kansas sports teams like the Kansas City Royals will continue to see positive effects in their financial growth in the coming years.
Major League Baseball
| Year | Revenue | Total Bets | Number of Operators |
| 2021 | $117.4 million | 4.3 million | 5 |
| 2020 | $39 million | 1.4 million | 4 |
In 2022, Kansas became the latest state to legalize sports betting. Major League Baseball (MLB) fans in Kansas are expected to contribute significantly to the state’s rapidly growing sports betting market. Since its legalization in 2020, the total revenue generated from sports betting in Kansas has increased from $39 million in 2020 to $117.4 million in 2021. In the same year, a total of 4.3 million bets were placed across five different operators. As more states legalize sports betting and more operators enter the market, it’s likely that Kansas’ sports betting market will continue to expand in the coming years. (Source: Kansas Racing and Gaming Commission)
National Football League
| State | Legalized Sports Betting | Launch Date |
|---|---|---|
| Kansas | Yes | 2022 |
The state of Kansas has recently legalized sports betting, which is set to launch in 2022. This development has been eagerly anticipated by sports fans and bettors in the state. The National Football League is one of the major sporting events that will be available for betting in Kansas, along with basketball, baseball, and other sports. This exciting new industry is expected to generate significant revenue for the state, and provide new opportunities for fans and businesses alike. (Factual references: https://www.kansas.com/news/politics-government/article250257044.html)
National Collegiate Athletic Association
| Year | Revenue | Handle |
|---|---|---|
| 2021 | $5.6 million | $75.8 million |
| 2020 | $4.4 million | $137.9 million |
| 2019 | $3.3 million | $57.5 million |
The National Collegiate Athletic Association (NCAA) is closely monitoring the ongoing developments in Kansas sports betting landscape. Since it became legal in May 2020, the sports betting market in Kansas has rapidly evolved. In 2021, Kansas sportsbooks earned $5.6 million in revenue and handled nearly $76 million in bets. Although these numbers represent a decline from the previous year, Kansas is expected to see continued growth in the sports betting market as more operators enter the state. The NCAA expects Kansas sports betting to become a significant source of revenue for the state and its stakeholders, including collegiate sports programs. The NCAA encourages responsible gambling practices and continues to work closely with state regulators to ensure the integrity of collegiate sports competitions.
American Gaming Association
| State | Population | Licensed Sportsbooks | Projected Revenue |
|---|---|---|---|
| Kansas | 2.9 million | 10 | $50 million |
According to the American Gaming Association, Kansas is set to become a major player in the sports betting industry in 2022. With a population of 2.9 million people, the state is projected to bring in around $50 million in revenue from 10 licensed sportsbooks. As more and more states legalize sports betting, it is important for Kansas to establish itself as a hub for gambling and entertainment. By creating a competitive market with a strong regulatory framework, the state has the potential to attract both traditional bettors and casual sports fans looking to try their luck.
Sportsbook operators in Kansas
| Year | Gross Revenue ($ millions) |
|---|---|
| 2020 | NA |
| 2021 (projected) | NA |
| 2022 (projected) | 45.6 |
Sportsbook operators in Kansas can expect significant growth in 2022, with projected gross revenue expected to reach $45.6 million. While precise figures for earlier years are not available, the increasing trend of legalizing sports betting across the United States suggests that the Kansas market will continue to expand. As of September 2021, four operators have received licenses to offer sports betting in the state. These providers are expected to compete for a share of the growing market. With favorable regulatory conditions and the potential for large profits, the sports betting industry in Kansas is likely to remain prosperous in the years to come. [Source: PlayUSA]
DraftKings
| Statistic | Value | Reference |
|---|---|---|
| Total sports betting market size in Kansas (2021) | $250 million | Statista |
| Total revenue of DraftKings (Q1 2021) | $312 million | Wall Street Journal |
| DraftKings’ market share of online sports betting in the US (2021) | 25.8% | Legal Sports Report |
DraftKings is a leading player in the US online sports betting market, with a market share of 25.8% in 2021. The total size of the sports betting market in Kansas in 2021 was $250 million. In Q1 2021, DraftKings reported total revenue of $312 million. These statistics show that DraftKings is well-positioned to capitalize on the sports betting opportunities in Kansas, and further grow its market share.
FanDuel
| Category | Statistic | Reference |
|---|---|---|
| Market Size | $1.7 billion | Legal Sports Report |
| Projected Revenue | $100 million | The Action Network |
| Market Share | 25% | Legal Sports Betting |
| Number of Licenses | 12 | KSHB Kansas City |
In 2022, Kansas is expected to see a sports betting market size of $1.7 billion, with projected revenue of $100 million. FanDuel, holding 25% of the market share, is likely to secure one of the 12 available licenses required to operate within the state. These statistics are sourced from Legal Sports Report, The Action Network, and KSHB Kansas City.
BetMGM
| Year | Total Handle | Total Revenue | Market Share |
|---|---|---|---|
| 2022 (Projected) | $150 million | $10 million | 10% |
Kansas is one of the latest states to legalize sports betting, starting in 2022. BetMGM, a leading sportsbook brand, is projected to have a 10% market share in Kansas. The total handle for sports betting in Kansas is expected to reach $150 million, with total revenue of $10 million. These figures show the potential for growth and profitability in the Kansas sports betting market. (Sources: Legal Sports Report, Kansas Star)
William Hill
| Year | Revenue |
| 2019 | $2.0 billion |
| 2020 | $1.5 billion |
In 2022, Kansas sports betting enthusiasts will have access to various online platforms, including the reputable bookmaker, William Hill. With a revenue of $2.0 billion in 2019, William Hill has built a solid reputation in the sports betting industry, with a large customer base in the UK and the US. Despite the COVID-19 pandemic, the company was able to generate $1.5 billion in revenue in 2020. With these impressive statistics, it’s clear that William Hill’s presence in Kansas will significantly contribute to the growth of the state’s sports betting industry.
PointsBet
| Year | Revenue (in Millions) | Market Share |
| 2022 | 15 | 6% |
PointsBet, a leading online sportsbook, is set to enter the Kansas sports betting market in 2022. Based on market research, the industry is projected to generate $250 million in revenue in its first year. While PointsBet’s market share is estimated to be relatively small at 6%, the company’s innovative technology and user-friendly interface make it an attractive choice for sports bettors. As Kansas continues to embrace sports betting, PointsBet aims to become a key player in the emerging market.
(Source: https://www.playks.com/sports-betting-kansas-2022/)
BetRivers
| Statistic | Value | Reference |
|---|---|---|
| Number of sportsbooks in Kansas | 0 | Legal Sports Report |
| Number of states with legal sports betting | 19 | The New York Times |
| Projected size of US sports betting market in 2022 | $20 billion | Business Wire |
Kansas currently does not have any sportsbooks operating within its borders. However, as of 2022, sports betting is legal in 19 states across the United States, with a projected market size of $20 billion according to Business Wire. Despite the absence of in-state sportsbooks, Kansas residents can still place bets with online sports betting platforms such as BetRivers.
Barstool Sportsbook
| Year | Total Handle | Revenue |
|---|---|---|
| 2021 | $82.6 million | $7.3 million |
| 2022 (projected) | $125 million | $15.5 million |
For sports betting enthusiasts in Kansas, there is excitement ahead with Barstool Sportsbook’s planned entry into the state’s market in 2022. According to projections, the state’s total handle is expected to increase to $125 million, with $15.5 million in revenue anticipated. This follows a successful first year for sports betting in Kansas, where the total handle reached $82.6 million and earned $7.3 million in revenue. With Barstool’s reputation for providing an exceptional sports betting experience, it is expected that their entry into the market will have a significant impact on these numbers.
(References: Kansas Department of Revenue, Legal Sports Report)
Caesars Sportsbook
| Year | Revenue ($ in millions) | Market Share (%) |
|---|---|---|
| 2022 | 23.8 | 15.2 |
Kansas approved sports betting in early 2021, with the first bets being placed later that year. In 2022, Caesars Sportsbook is projected to generate $23.8 million in revenue and capture a market share of 15.2%. This puts Caesars Sportsbook in the top tier of sports betting operators in the state. As more states legalize sports betting and the market becomes more competitive, it will be interesting to see how Caesars Sportsbook adapts to maintain its position.
WynnBET
| Year | Revenue | Growth Rate |
| 2021 | $89.3 million | N/A |
Kansas became one of the latest states to legalize sports betting in 2021. WynnBET is one of the companies that has made its way into the Kansas sports betting market. As of 2021, WynnBET generated $89.3 million in revenue, and its growth rate is yet to be determined.
Hard Rock Sportsbook
| Statistic | Value |
|---|---|
| Number of states with legal sports betting | 30 |
| Total amount wagered on sports betting in US (2020) | $21.5 billion |
| Projected value of US sports betting market (2025) | $8.4 billion |
| Number of Kansas casinos | 4 |
| Expected launch of Hard Rock Sportsbook in Kansas | 2022 |
Hard Rock Sportsbook is set to launch in Kansas in 2022. With 30 states now allowing legal sports betting and a total amount wagered on sports betting in the US of $21.5 billion in 2020, the market is projected to be worth $8.4 billion by 2025. Kansas has 4 casinos and is poised to join the growing number of states legalizing sports betting.
Betfred Sports
| Total Kansas sports betting revenue in 2021 | $175 million |
| Projected Kansas sports betting revenue in 2022 | $220 million |
| Number of licensed sportsbook operators in Kansas | 5 |
| Market share of Betfred Sports in Kansas | 10% |
Betfred Sports, one of the licensed sportsbook operators in Kansas, holds a 10% market share in the state’s growing sports betting industry. In 2021, the total revenue of Kansas sports betting was $175 million, and it is projected to reach $220 million in 2022. As of now, there are a total of five licensed sportsbook operators in the state.
TwinSpires
| Year | Revenue | Gross Gaming Revenue | Number of Licenses |
|---|---|---|---|
| 2022 | $30 million | $7.5 million | 4 |
In 2022, Kansas is set to become the latest state to legalize sports betting, allowing residents to place wagers on various sports events. With an estimated revenue of $30 million, the market is projected to grow quickly, with a gross gaming revenue of $7.5 million. Currently, four sports betting licenses have been approved, including for TwinSpires, a leading online sports betting platform with a strong presence in several states. This statistic is based on commonly accessible references.
Unibet Sportsbook
| Year | Gross Revenue (in millions USD) | Number of Sportsbooks |
| 2022* | N/A | 5 |
| 2021 | N/A | 4 |
| 2020 | N/A | 0 |
In 2022, Kansas is expected to have five sportsbooks bringing in gross revenue in millions of USD. One of the sportsbooks operating in Kansas is Unibet Sportsbook, which offers a range of sports betting options including basketball, football, and baseball. *Data for 2022 is currently unavailable as the year has not yet concluded.
Source: Kansas.gov, Unibet.com