Kansas February Betting Yields Increase Despite a Dip from January

Kansas saw a rise in gambling profits in February, though the numbers were lower than in January.

Kansas saw more sports betting money come in this February compared to last year, according to the latest Kansas Lottery reports. But the amount bet in February was less than in January.

The Numbers Breakdown

• Total betting for February reached $203 million.
• This was up from $194 million in the same month last year.
• January’s betting handle was higher at $239.6 million.
• February's revenue for operators settled at $3.1 million, down from January’s $14.3 million.

In February, more people bet online than in person. Out of all the money bet, $193.9 million was bet online, showing that most bettors prefer to use the internet. Only $9.2 million was bet in physical stores.

More and more people across the country are betting online.

State Revenue from Betting

Kansas made less money from gambling in February than in January. The state collected $304,991 from online gambling, which was much less than the $1,366,463 they got in January. Money from in-person gambling didn't add much either, with the state only getting $503 from a total of $5,025 that the gambling places made.

Even though February's online betting earnings dropped from January, they were still higher than February last year. Last year, the revenue for February was $35,916, but this year it was much more.

How well betting companies do.

DraftKings, teaming up with Boot Hill, topped the competition in February by taking in $87.7 million in bets, leading to almost $2 million in revenue.

Government Income and Share

The state government got less tax money from online betting sites in February than in January. This often happens because the amount people bet changes with sports seasons and big events.

Looking at the differences between betting in stores and betting on the internet.

People in Kansas seem to prefer betting on the internet rather than in physical stores, as the money spent on retail betting is not as high.

Top Operators

FanDuel and Kansas Star took second place, together handling $58.5 million in bets and making about $886,000. Caesar's deal with Kansas Crossing was last, with bets totaling $11.2 million and nearly $200,000 made in February.

What This Means for How Kansas Handles Betting

People in Kansas bet more online in February, showing that they like to gamble on the internet more these days. The money these websites make changes a lot from one month to the next because of different reasons, such as when certain sports are played.

Conclusion

Kansas' sports betting business is growing every year, and most people bet online. Even though the amount of betting dropped a bit from January to February, the overall numbers still show that the industry is strong and could grow even more in the future.

For those interested in understanding the wider implications and context of these figures, the Kansas Lottery provides regular reports and statistics that document the performance of the industry. More details can be found at the official Kansas Lottery website.