The Sunflower State’s legal sports betting operators kicked off the new fiscal year with a bounceback from the previous month.
The Kansas Lottery reported July’s adjusted revenue of $6.8 million, up 66% month-over-month, on a handle of $79.7 million from online betting sites and retail wagers.
The increased revenue came from promotional deductions dropping from $3.2 million in June to $1.8 million in July. That led to a $683,176 tax payout to the state in July — up from the previous month’s $409,425.
The Sunflower State’s July handle was down 18.8% monthly, but a 12.1% hold on the $9.6 million GGR, up 18% month-over-month, helped make up for it.
