Sports betting in Kansas

[Kung Wu]

[MikeKennedyRulZ]

I have 2 words for you Brandon.

Five’s not six.

Made in America!

[Veritas]

A lot of folks from missourah crossing the state line to bet.
$1.3m with KCK’s casino bringing in 59% of total or $769K. Pittsburg $326k and Mulvane $207K

https://www.kansas.com/news/politics-government/article267105291.html

[rrshock]

A lot of folks from missourah crossing the state line to bet.
$1.3m with KCK’s casino bringing in 59% of total or $769K. Pittsburg $326k and Mulvane $207K

https://www.kansas.com/news/politics-government/article267105291.html

I've been having issues with betting on my phone around the state lines. I wonder if they are coming in to bet in person or if they are having issues.

[SubGod22]

WBJ - How much revenue Kansas earned in first year of sports betting

The state's share of revenue from its first fiscal year of legalized sports betting totaled $5.8 million — compared to the $58.7 million that was generated statewide in retail and online wagering.

A report from the Kansas Lottery breaks down revenues through fiscal year June 2023, with Kansas Star Casino in Mulvane bringing in $1.2 million in in-person sports betting revenue through its partner sportsbook FanDuel.

By comparison, FanDuel generated $25.4 million from online bets in the last fiscal year, according to the report.

The Kansas Lottery report shows nearly $1.7 billion in wagers were settled in Kansas in the last year. That breaks down into $75 million settled in person at the state's four casinos, and $1.6 billion wagered online.

Of the state's $5.8 million share, $4 million went into a fund aimed at attracting a professional sports team to Kansas; $922,000 into a state gaming revenues fund; $750,000 toward a white collar crime fund; and $102,000 to a fund combating problem gambling and addictions.

[WuDrWu]

The numbers are kind of interesting. In a perfect world for the casino, they book the exact same dollar amount on each side of every wager. With 10% juice it would equate (I think) to 5% of the total wagered.

5% of 1.67 billion is $83,500,000 but they show revenue of only $58,700,000 (not sure why BetMGM shows $0 revenue). I wonder how much of that is due to first year giveaways/let's see if we can turn you into a gambling addict promotions?

I highly doubt it's because the average KS bettor is a little better than average.

On 2nd thought, I'm sure the Chefs winning the Super Bowl had at least something to do with that.

[SubGod22]

I don't bet a lot. I started with $100 and am at around $1500 in my account. The Chiefs absolutely helped that.

[WuDrWu]

I don't bet a lot. I started with $100 and am at around $1500 in my account. The Chiefs absolutely helped that.

You are fewer than 1 in ten thousand gamblers then, at least, so very well done. A fifteen fold increase in funds over a year's time is outside any reasonable standard deviation. At best it's a 1 in 16 occurrence and that's if you bet only 4 times, doubling each time. I know a lot of gamblers, and I don't know anyone with that kind of discipline or knowledge (and you need both).

[AndShock]

IMG_5121.jpeg

lol

[AndShock]

I didn’t follow the bill very closely but it blows my mind the lawmakers couldn’t find better uses for the funds.

[WuDrWu]

IMG_5121.jpeg

lol

How many wagers do you think you made? That is a remarkable return over a year's time. Well done!

[AndShock]

How many wagers do you think you made? That is a remarkable return over a year's time. Well done!

Well over a thousand, it might be in the thousands. What’s funny is most of those bets were “boosted” odds which makes them +EV even if you were flipping a coin. I’ve read about plenty of people getting their accounts limited by DraftKings but they’ve yet to do that to me and only recently (last 3 months or so) nerfed my promotions.

If I remember right, the starting max wager for a promotional/boosted bet is $50. DraftKings eventually bumped me up to $100 max with the occasional $250 max. They’ve since lowered me to $10 max with the occasional $25 max. I usually don’t even bother abusing the $10 maxes but I’ll play the $25 maxes. Example today: Jannik Skinner to win 3 sets to 0 was -160 straight odds but +100 boosted. I’ve never even heard of Jannik Skinner but I have no problem putting down $25 at +100. PointsBet has boosted odds today for the Utah/Florida game. They have the moneyline set at Utah -229 but they’re offering boosted odds of +200.

I’m probably a break-even bettor at best with normal lines but if the math is on my side I have no problem putting up whatever they’ll allow me to. I assume at some point the books will severely limit me or even shut down my accounts but I’ll take what they give me for now.

[ShockTalk]

Not Kansas but figured that this was still a good place to put this.

Tallest hotel in Las Vegas finally welcomes guests after sitting empty for 10 years (msn.com)

Building started in 2007 but had several stops on its way to completion. Total cost --- $3.7 billion.

3,644 rooms starting at $300 a night.

[Kel Varnsen]