• About Us / Contact
  • Responsible Gambling
This site contains commercial content
SportsHandle
  • US Sports Betting
    • Arizona
    • Arkansas
    • Colorado
    • Connecticut
    • Delaware
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Mississippi
    • New Jersey
    • New Mexico
    • New York
    • Ohio
    • Oregon
    • Pennsylvania
    • Tennessee
    • Virginia
    • West Virginia
    • Wyoming
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
    • North Carolina
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel
    • BetMGM
    • Caesars
    • PointsBet
    • BetRivers
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
    • Guide To ‘Risk-Free’ Bets
  • News
No Result
View All Result
SportsHandle
  • US Sports Betting
    • Arizona
    • Arkansas
    • Colorado
    • Connecticut
    • Delaware
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Mississippi
    • New Jersey
    • New Mexico
    • New York
    • Ohio
    • Oregon
    • Pennsylvania
    • Tennessee
    • Virginia
    • West Virginia
    • Wyoming
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
    • North Carolina
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel
    • BetMGM
    • Caesars
    • PointsBet
    • BetRivers
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
    • Guide To ‘Risk-Free’ Bets
  • News
No Result
View All Result
SportsHandle
No Result
View All Result

Kansas Needs Just Three Months To Reach $500 Million Handle

Tax receipts jump in November as promotional spend finally slows

Chris Altruda by Chris Altruda
December 16, 2022
in Industry
Kansas November 2022 revenue report

Shutterstock

Share on FacebookShare on Twitter

The Kansas Lottery reported $186.4 million sports wagering handle for November, continuing a strong early start that has seen the Sunflower State surpass half a billion dollars in accepted bets in its first three months of operation.

The November handle figure was down 1.9% compared to October’s $189.9 million, but all three months have seen bettors make at least $160 million worth of wagers. Operators enjoyed another solid month with $19.1 million in gross revenue, up 2.6% from the previous month thanks to a 10.2% hold. Kansas operators have posted a 9.8% win rate or better each of the first three months.

Promotional spend has sharply trailed off among the state’s six mobile sportsbooks, totaling $6.5 million in November after more than $34.4 million in credits were lavished upon the public in September to get things rolling. The $12.2 million in adjusted gross revenue (AGR) for November was the highest of the three months and moved the all-time total into the black for the first time at $8.7 million.

The uptick in adjusted revenue meant a noticeable sum for state coffers, which received an inflow of $795,784 for the month to clear $1 million overall. November’s receipts were nearly triple the $270,805 generated in September and October combined.

DraftKings continues to fend off FanDuel

Running November Top 10 #SportsBetting handles by state:

1 New York $1.56B

2 Indiana $452.32M
3 Tennessee $439.46M
4 Iowa $247.48M
5 Maryland $219.07M
6 KANSAS $186.35M <-NEW
7 West Virginia $69.85M
8 Oregon $55.5M
9 Delaware $10.17M
10 Montana $5.78M#GamblingTwitter

— Chris Altruda (@AlTruda73) December 16, 2022

In a scenario that has played out in some other states, DraftKings has been winning the handle battle while losing the revenue war to eternal rival FanDuel. That has yet to happen in Kansas, though, with DraftKings doing the double in each of the first three months. FanDuel has been shrinking the gap in gross revenue, but has yet to grab the crown.

DraftKings had $7 million in gross revenue for November, besting FanDuel by $63,524. Furthermore, DraftKings generated $76.2 million handle and has accounted for 43.6% of the state’s $536.8 million worth of wagers through the first three months, totaling $233.9 million.

FanDuel cleared $50 million handle for the second straight month and had the top mobile hold at 13.7%. It has had a win rate of 11.9% or higher each of the first three months of action, and FanDuel’s $17.7 million in total gross revenue is more than that of BetMGM, Barstool Sportsbook, PointsBet, and Caesars Sportsbook combined.

BetMGM rounded out the podium spots for handle ($25.4 million) and gross revenue ($2.4 million), but its carryover from previous months means its all-time adjusted revenue — minus $2.1 million — has yet to zero out. That means BetMGM has yet to pay any state taxes. PointsBet’s carryover from October created the same outcome, though its total is far closer to break-even at minus $61,565.

Barstool totaled $1 million in monthly gross revenue, and its light promotional spend of around $200,000 in November resulted in its best AGR total at $776,570. Caesars’ handle again increased from the previous month to $9.7 million, while its $691,000 in gross revenue was enough to nudge its three-month total to over $2 million.

Hollywood Kansas again paces retail betting

The $9.3 million generated in retail wagering in November is the highest for the first three months, but the brick-and-mortar books are still chasing the opening month’s revenue haul of $985,000. The 8.4% hold in November resulted in $780,000 in gross revenue, bumping the overall total above $2.3 million.

Hollywood Kansas continues to be the top draw — its $7.1 million in wagers accepted accounted for more than three-quarters of the total retail handle. The Kansas Speedway venue had a robust 11.6% win rate, generating nearly $820,000. But bettors dealt Kansas Star Casino its first monthly loss, coming out $39,000 ahead on $2 million wagered.

It is the largest monthly loss for a retail venue in the state’s young history, with Boot Hill’s $91 loss in September sliding to second-worst. Boot Hill eked out a narrow win in November, claiming $2,263 in winnings for a 1.1% hold.

ShareTweetShare
Chris Altruda

Chris Altruda

Chris Altruda has been a sportswriter with ESPN, The Associated Press, and STATS over more than two decades. He recently expanded into covering sports betting and gambling around the Midwest. His Twitter handle is @AlTruda73 and can be reached via email at caltruda@bettercollective.com

Related Posts

(Matt Krohn/USA TODAY)
Sports

Raptors Midseason Review: Jurassic Park May Be Empty For Bettors In 2023 Playoffs

January 27, 2023
Shutterstock
Industry

Missouri Legislators Lament Exodus Of Bettors To Neighboring States

January 27, 2023
Load More

Top Stories

patrick mahomes

Mahomes’ Ankle Speculation Twists Line Movement In Chiefs-Bengals Rematch

January 27, 2023
fanatics-grand-opening

Fanatics Sportsbook At FedEx Field Offers Unique Retail Option In Maryland

January 23, 2023
Shutterstock

Missouri Legislators Lament Exodus Of Bettors To Neighboring States

January 27, 2023
rob gronkowski adam vinatieri

Rob Gronkowski Goes Training Montage Route In Latest FanDuel Spot

January 17, 2023

State Sports Betting Guides

Ohio (U.S. state) flag waving against clear blue sky, close up, isolated with clipping path mask alpha channel transparency, perfect for film, news, composition

Ohio Sports Betting – Where To Play, Bonus Offers And Promo Codes

by Brian Pempus
January 25, 2023

Downtown Detroit at twilight (Shutterstock)

Michigan Sports Betting – Where To Play, Online Sportsbooks, And FAQ

by Brett Smiley
January 27, 2023

VA captial

Virginia Sports Betting – Where To Play, Online Sportsbooks And Bonus Offers

by Brett Smiley
January 17, 2023

nj flag

New Jersey Sports Betting — Where To Play, Online Sportsbooks, And FAQ

by Brett Smiley
October 20, 2022

pa online sportsbooks

Pennsylvania Sports Betting – Where To Play, Online Sportsbooks And Bonuses

by Brett Smiley
October 6, 2022

Canada Sports Betting Guides

Canada Sports Betting – Best Sportsbook Apps & Bonus Offers

British Columbia Sports Betting – Legal Update, Available Sportsbooks, and FAQ

Ontario Sports Betting – Legal Status And Where To Play

gambling therapy
ncpg
igaming ontario
If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537) (IL). Gambling problem? Call 1-800-GAMBLER (MI/NJ/OH/PA/WV), 1-800-9-WITH-IT (IN), 1-800-522-4700 (CO), 1-800-BETS OFF (IA), 1-888-532-3500 (VA) or call/text TN REDLINE 1-800-889-9789 (TN).
19+. Please play responsibly. Terms and conditions apply. 
Individuals must be 19 years of age or older to participate in igaming in Ontario. Gambling can be addictive, please play responsibly. If you, or someone you know, has a gambling problem in Ontario and wants help, please visit ConnexOntario or call their helpline at 1-866-531-2600. Operators on this website operate pursuant to an Operating Agreement with iGaming Ontario.

Search Sports Handle

No Result
View All Result
  • About Us / Contact
  • Responsible Gambling

No Result
View All Result
  • US Sports Betting
    • Arizona
    • Arkansas
    • Colorado
    • Connecticut
    • Delaware
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Mississippi
    • New Jersey
    • New Mexico
    • New York
    • Ohio
    • Oregon
    • Pennsylvania
    • Tennessee
    • Virginia
    • West Virginia
    • Wyoming
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
    • North Carolina
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel
    • BetMGM
    • Caesars
    • PointsBet
    • BetRivers
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
    • Guide To ‘Risk-Free’ Bets
  • News

loading

Please wait while you are redirected to the right page...

Please share your location to continue.

Check our help guide for more info.

share your location