The latest monthly revenue report from the Kansas Lottery has revealed that the state’s licensed sports betting operators set all-time records across the board as they took in over $249.7 million in wagers during October.
According to the report, sports betting handle increased by 31.5% year-on-year and by 13.9% compared to the month of September. This was the highest recorded handle since Kansas sports betting launched in September 2022. So far this year, Kansans have wagered $1.6 billion while the all-time figure now sits at $2.3 billion.
Record Revenues and Taxes
Revenues for the month came to $25.4 million while adjusted gross revenue (AGR) set a new state record at $14.3 million. Of that figure, $13.1 million was generated by online sportsbooks while retail sportsbooks recorded $1.2 million in revenues. The year-to-date revenue figure for sports betting now stands at $63.4 million.
October saw the state collect $1.4 million in taxes, the highest total in a single month beating the previous record of $1.02 million recorded in December 2022. Since sports betting launched, the industry has now generated more than $9.2 million in taxes.
Online Sports Betting Market Share
Online sportsbooks accepted over $240.9 million representing 96.4% of all wagers throughout the month and another all-time record. Meanwhile retail sportsbooks took in just over $8.7 million.
DraftKings was the market leader with a handle of over $114.3 million representing 47.4% of all online wagers throughout the month.
Year-to-Date Sports Handle, Revenues & Taxes in Kansas
PeriodTotal HandleSportsbook RevenueWin %Adjusted Sportsbook RevenueAdjusted Win %State Taxes
Jan 2023$206,060,734$15,105,1897.33%$5,991,8762.91%$598,745Feb 2023$194,034,469-$845,377-0.44%-$7,945,175-4.09%$1,134Mar 2023$206,287,094$20,975,19110.17%$9,113,4724.42%$911,159Apr 2023$132,981,289$14,636,89911.01%$9,197,2026.92%$919,720May 2023$120,323,444$14,550,82412.09%$8,873,9017.38%$887,390Jun 2023$98,125,865$8,195,0488.35%$4,094,2584.17%$409,425Jul 2023$79,715,016$9,644,26312.10%$6,831,7618.57%$683,176Aug 2023$94,415,479$7,662,8288.12%$4,843,6735.13%$484,366Sep 2023$219,293,493$18,155,4988.28%$8,060,9633.68%$806,097Oct 2023$249,711,810$25,404,71210.17%$14,370,2895.75%$1,437,030Totals$1,600,948,693$133,485,0758.72%$63,432,2204.48%$7,138,242
Ciaran McEneaney Gambling industry analyst with over a decade of experience working with some of the biggest names in the sports-betting, gambling, poker & casino industry.
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