The inevitable summer slump in legal sports betting action has come to Kansas, although some sportsbooks are trying to increase their market share with more promotional dollars.
The Kansas Lottery announced that the Sunflower State accepted $120.3 million in wagers last month, a nearly 10% drop from April’s $132.9 million.
Despite the handle reduction, revenue was little changed thanks to a 12.2% hold from the sportsbooks, a boost over April’s 11%. After paying out winners and taking deductions, the state’s sportsbooks reported $8.8 million in profit. April was slightly higher with $9.1 million. From the $9 million, Kansas’ tax bill hit $887,390.
