- Kansas has a new sports betting bill to make the pastime legal, receiving its first hearing at the end of January.
- Under this bill, both retail and mobile sports wagers would be legalized.
- It’s estimated that over $50 million annually could be made in revenue for the state through sports betting.
TOPEKA, Kan. – There is a new sports betting bill on the table for Kansas and it embodies all of the factors for legal sports betting success.
The latest bill is scheduled to make its debut at a hearing on January 29. Should it become a law, Kansas could see the legalized wagering on sports become a reality as early as the end of 2020, just in time for NFL season.
What’s In A Bill?
The bill that’ll take center stage is known as KS SB 283. On paper, this bill has all of the wonderful qualities that attribute to successful legal wagering on sports with none of the nonsense stipulated aftertastes.
It allows for the four casinos in the state to acquire two licenses each, both of which would allow the land-based locations to open one mobile betting application per license.
With that rule, the Kansas sports betting industry could see as many as eight different internet sportsbooks. Taxes on gross revenue would be 7.5% for all facilities and 10% on all business done through online and mobile sports wagering platforms.
Mobile sportsbooks would let residents sign up for accounts without the need to first go to a retail location. This would mean that all mobile wagering from signing up to betting could be done conveniently online.
Two non-casino locations would be granted sports betting privileges at their venues in addition to the four casinos.
However, to do so, they’d need to partner with one of the casinos in the state. These two locations would be the Kansas Speedway where NASCAR events take place and Children’s Mercy Park, where Sporting KC, the MLS team plays. These two places could set up areas within their facilities for sports betting purposes.
The Kansas Lottery would regulate the operations of the market. All major professional sports, as well as collegiate events, would be open for wagers under this bill.
Future Online Kansas Sportsbooks
Two of the four casinos that meet the requirements to receive licenses to open a sports betting operation already have deals with certain sportsbook companies, making them possible Kansas sportsbook brands.
Possible companies to invade Kansas with internet sportsbooks once sports betting has been legalized would be Kambi and FOX Bet with Penn National’s operations of Hollywood Casino at Kansas Speedway.
Kansas Star may have a possible business for its two online sports betting applications with FanDuel Sportsbook and BetMGM. This would leave Boot Hill and Kansas Crossing with four internet sports wagering licenses between them that would be open for sportsbook companies to snatch up.
Lawmakers have estimated that Kansas sports betting could bring in $50 million annually in revenue. If the state legalizes the pastime they would see these potential profits going toward helping the economy in the Sunflower State.
The first hearing on the road to sports betting legalization for Kansas starts on January 29.
News tags: BetMGM | Boot Hill | Children’s Mercy Park | FanDuel | FOX Bet | Hollywood Casino at Kansas Speedway | Kambi | Kansas | Kansas Crossing | Kansas Lottery | Kansas Speedway | Kansas Star | KS SB 283 | MLS | NASCAR | NFL | Penn National | Sporting KC
Christina has been writing for as long as she can remember and does dedicated research on the newly regulated sports betting market. She comes from a family of sports lovers that engage in friendly bets from time to time. During the winter months, you can find Christina baking cookies and beating the entire staff at Mario Kart…the N64 version of course.