Kansas Sports Betting Hits Year-End Stride with Record Revenue in December 2023

The state’s sports betting landscape saw $259.678 million in total handle, a minimal 0.5% decrease from November’s $260.937 million. However, the real headline is the remarkable 124.6% increase in revenue, reaching $20.053 million in December, compared to $8.930 million in November.

December’s Performance: A Closer Look

Despite the decrease in total handle, December’s revenue spike indicates a robust end-of-year performance for Kansas sportsbooks. DraftKings Kansas maintained its leading position, contributing a handle of $103.825 million. FanDuel Sportsbook Kansas followed with $86.518 million, contributing significantly to the market’s dynamics.

Other notable operators like BetMGM Sportsbook Kansas, ESPN BET Kansas, Caesars Sportsbook Kansas, and PointsBet Kansas, though trailing behind the top two, also made substantial contributions to the state’s betting landscape.

Year-End Overview

The year-end statistics reflect a thriving betting environment in Kansas. Over 16 months, DraftKings and FanDuel have dominated the market, accumulating handles of $1.178 billion and $828 million, respectively. BetMGM, Caesars Sportsbook, ESPN BET, and PointsBet collectively bolstered the market with their contributions.

December’s revenue peak set a new state record, breaking the previous high of $13.145 million set in October. In terms of state revenue, the Kansas sportsbooks contributed over $2 million in taxes in December alone, a significant 124.6% increase from November.

Our Comment on the Article

Kansas’s sports betting scene is demonstrating remarkable resilience and growth potential. The year-end figures, particularly the record-breaking revenue in December, reflect a mature and robust market. The diverse range of operators and their contributions signify a healthy competitive environment, beneficial for both the industry and the state.

This upward trajectory, especially in revenue and tax contributions, points to a bright future for sports betting in Kansas. As the market continues to evolve, it’s exciting to witness how this will shape the state’s economic landscape and the overall dynamics of the sports betting industry in the U.S.