Consumer spending on sports wagering in Kansas increased 4.6% year-on-year to $203.0m (£159.3m/€186.6m) in February, while revenue in the state rocketed 8,405.8%.
Total handle in February, across online and retail, was clear of the $194.0m wagered in the same month last year. However, it was 15.3% behind January’s $239.6m in Kansas.
Of this total, $193.9m was bet with online sportsbooks while the remaining $9.1m was spent at retail facilities.
Turning to revenue, this amounted to $3.1m in February, up significantly from just $35,916 in the previous year but 48.3% behind $6.0m in January.
Almost all revenue came from online betting ($3.0m), with just $5,025 being generated by retail sportsbooks. Kansas was also able to generate $305,494 in tax during the month.
DraftKings and Boot Hill take the lead in Kansas
Looking at individual operators, DraftKings and Boot Hill Casino became the new online market leaders in February. The partnership generated $2.0m in revenue from $87.7m in total wagers.
FanDuel and Kansas Star, which led in January, slipped to second with $885,938 from $58.5m wagered. Caesar’s and Kansas Crossing was the only other partnership to generate revenue, posting $198,496 for the month. Kansas Crossing also has online deals with BetMGM and PointsBet.
As for the retail market, DraftKings and Boot Hill was the only partnership to post revenue. However, this only amounted to $5,025 off $612,308 in total wagers.
Year-to-date revenue exceeds $80.0m
As to how February impacted Kansas and its year-to-date performance, total spend in the fiscal year hit $1.61bn. This comprises $1.53bn spent betting online and $73.6m at retail facilities.
As for revenue, this amounted to $80.5m. Revenue from online betting hit $76.0m and retail $4.5m.
Total tax for the period reached $8.0m.
