Kansas reports all-time low sports betting handle of just $98 million for June

Kansas reports all-time low sports betting handle of just $98 million for June

Article brief provided by Business 2 Community
  • Ollie Ring , Business 2 Community
July 28, 2023 3:12 PM
  • Ollie Ring , Business 2 Community

Kansas Lottery has reported overall handle of $98 million for the month of June. Net revenue across both retail and online was just shy of $4.2 million.

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It’s an alarming handle figure, and down over 50% since March’s peak of $206.3 million. Although this is broadly consistent with handle trends across the United States given the country’s propensity to gamble exclusively on the big American sports, it’s still a huge drop.

Revenue dropped 53% month-over-month as operators hold decreased to just 4.2% in June.

As is trend for the course, 96.7% of bets for June were taken online for Kansas sports betting. Retail took just $3.2m in wagers, with Barstool’s sportsbook at Hollywood Casino taking 71% of June’s wagers. This was followed by FanDuel’s book at Kansas Star, with Caesar’s and DraftKings taking comparatively little in retail handle.