Kansas follows up debut with $190M sports wagering handle for October; tax return still low

Sunday, November 13, 2022 11:39 AM
Photo: By All-Pro Reels - h...126474/, CC BY-SA 2.0, https://commons.wikimedia.org/w/index.php?curid=112085011
  • Chris Altruda, Sports Handle

It’s not the “Show Me State,” but Kansas bettors again showed out in October.

The Kansas Lottery reported sports wagering handle just shy of $190 million in October, following up a strong September launch with an 18.3% improvement in accepted wagers. That lifted the two-month total to just over $350 million.

Gross revenue dipped to $18.6 million, as the state’s four retail venues and six mobile sportsbooks cooled off to a 9.8% hold for October. The Sunflower State’s sports wagering bow coincided with a historic rout of the betting public, which led to an outsized revenue haul of $22 million and a 13.7% win rate.

Bettors continued to work through promotional offers, though the $9 million in credits was barely more than one-quarter the $34.4 million lavished upon the new market by the sextet of operators.