The final month of the year delivered a mixed bag of results for Kansas sportsbooks, with slight declines in handle offset by increases in revenue and taxes.
Overall, the six Kansas betting apps and three retail locations raked in $181,977,180 in wagers during December, which represented a 2.35% decline from November’s $186,353,708.
Operators brought in $10.3 million in gross gaming revenue and paid a little more than $1 million in state taxes.
Kansas eclipsed $10 million in gaming revenue for the first time during December, with a 28.8% increase from the November Kansas revenue report.
The state’s cut of the sports betting pie eclipsed $1 million for the first time in December, representing a 28.9% increase from November’s total of $795,784.
Kansas Sports Betting, December vs. November
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What Stood Out From the December Report
December’s handle declined for a second straight month from October’s record-high haul of $189,919,311.
The final month of the year had a 4.2% dropoff from October’s sum, though there were silver linings in the revenue and taxation figures collected by the state.
Boston-based DraftKings Sportsbook Kansas was the No. 1 operator by handle for the fourth consecutive month with $65,096,869.
Trailing it was FanDuel Sportsbook Kansas, which collected $54,263,979 in wagers during December, followed by BetMGM Sportsbook Kansas ($25,501,425), Barstool Sportsbook Kansas ($13,797,100), Caesars Sportsbook Kansas ($9,578,925), and PointsBet Kansas ($2,946,564).
DraftKings Sportsbook Kansas was also the leader in gaming revenues during December at $5,686,207, more than twice that of runner-up FanDuel Sportsbook Kansas, which reported $2,240,607 during the month.
Two operators, BetMGM Sportsbook Kansas and PointsBet Kansas, reported $0 in revenue and taxes during December due to state law allowing operators to write off free bets.
DraftKings Sportsbook Kansas was the No. 1 generator of tax revenue at $568,620.
As far as retail sportsbooks in Kansas, the Barstool Sportsbook at Kansas Speedway facility was the state’s leader in handle at $8,533,428, ahead of Kansas Star’s FanDuel Sportsbook ($1,959,685), and Boot Hill’s DraftKings facility ($299,205).
Since the state’s opening day of sports betting operations Sept. 1, Kansas’ six sportsbooks have taken in $718,777,213 worth of wagers, which averages out to just over $179,694,303 per month.
When broken down by market share, DraftKings Sportsbook Kansas has a commanding lead over the other five operators, with just over $299 million in handle, representing 41.6% of the state’s total.
After that, FanDuel Sportsbook Kansas is second, at $191.521 million (26.6%), followed by BetMGM Sportsbook Kansas ($101.888 million, or 14.2%), Barstool Sportsbook Kansas ($48.956 million, or 6.8%), Caesars Sportsbook Kansas ($34.013 million, or 4.7%), and PointsBet Kansas ($9.713 million, or 1.4%).
Kansas Casinos Win Big in December
The month-over-month decline in sports betting handle was more than offset by a strong retail casino report in December.
The state’s four casinos reported $35,047,939 in revenue during the final month of the year, representing a 10.8% jump from November’s $31,621,545.
The retail faculties also had their tax revenues increase by 10.8%, from $6,956,740 in November to $7,710,547, capping off a strong final month of the year for the state.
Both figures were down 2.7% year-over-year from the $36,011,583 in revenue and $7,922,548 in taxes the four casinos made in 2021.
Kansas Star Casino eked out the No. 1 spot for revenue in December at $13,984,041, beating out Hollywood Casino, which finished December at $13,607,377. Boot Hill and Kansas Crossing casinos rounded out the list, with $4,085,990 and $3,370,531 in revenue during the month, respectively.