Kansas Sports Betting Law effective July 1; Targeted NFL season launch
The Kansas sports betting bill signed in mid-May by Governor Laura Kelly will go into effect July 1 and there’s a good chance Kansas could have legal sports betting in time for the sports betting season. NFL.
Kansas endorsement continues a nationwide movement that gained momentum in 2022 as state legislatures across the country race to try to keep sports bettors – and the tax revenue they generate – at bay. within their own borders.
This is certainly the case in Kansas, which has seen locals travel to neighboring Colorado or neighboring Iowa, two states where sports betting is legal, to bet on high-profile events like the Super Bowl and March. madness. And that gives Kansas an edge over neighbor and rival Missouri, where a bill died without a vote recently (Missouri now has to wait until 2023 to try again).
Kansas hopes to attract Chiefs with betting revenue
The Kansas bill allows both mobile and retail betting to be overseen by the state’s lottery commission, with a minimum betting age of 21.
It allows each of the state’s four existing casinos to partner with three operators, such as Caesars Kansas, BetMGM Kansas, and FanDuel Kansas.
Each casino can also partner with up to 50 retailers, who can offer betting kiosks (20% of kiosks must be at fraternal or veterans organizations). The four casinos can also request an additional “skin” for mobile betting if they partner with a professional sports team.
Caesars, FanDuel and BetMGM are likely to launch, based on having pre-existing market access through various retail casinos across the state. Others with market access are DraftKings Kansas, Penn National Gaming’s Barstool Sportsbook Kansas, PointsBet Kansas, FOX Bet Kansas, theScore Bet Kansas, and Bally Bet Kansas.
The tax rate will be 10% and 80% of the revenue will go into a fund that would be used to try to lure Kansas City professional sports teams to the Kansas side of the metro area.
That fund, designed to sue the Kansas City Chiefs given the NFL franchise hinted at its desire for a new stadium, nearly killed the bill.
The state Senate approved the measure in a 21-13 vote, matching a House that had approved the bill by a 73-49 and Governor Kelly signed it on May 12.
While the timing of the state’s sports betting launch is still unclear, Kansas appears to have enough runway to get sports betting up and running in time for the 2022 NFL season kickoff on the 8th. September, however, it could be closer to the January 1, 2023 date enshrined in legislation. If Kansas were to live at the start of the NFL season, it would be a generally quick launch, depending on how the process has gone in other markets.
The bill also allows betting on college sports or Kansas sports teams, meaning residents could bet on the national champion Jayhawks during the college basketball season.
A big year for sports betting in 2022
The Kansas decision is just the latest in a series of decisions by state governments in 2022 to legalize sports betting or expand access to legal betting.
This follows the approval of legal sports betting in Maine, where Native American tribes will have full control over the lucrative mobile betting market. In March, Illinois finally abandoned the antiquated practice of in-person registration, allowing sports bettors to create accounts online.
Arkansas sports betting launched in March, following similar moves from Louisiana and New York in January. Ohio, which legalized sports betting in December, must by law launch before January 1, 2023.
In Massachusetts, a legal sports betting bill passed the state Senate on April 28, nine months after a similar bill was passed in the House, although differences remain to be settled. . In Canada, the country’s most populous province, Ontario, opened its market to commercial sports betting operators on April 4.
And America’s biggest sports betting prize, California, will have a mobile sports betting referendum (backed by BetMGM, DraftKings and FanDuel), and retail sports betting on the ballot in a November referendum. The retail-only sports betting initiative will legalize sports betting at tribal casinos and racetracks. If both measures receive more than 50% “yes” votes, the one with the most votes will prevail.
Currently, 31 states have launched some form of legal sports betting, although in some cases the practice is limited to a few tribal gambling establishments. Kansas, Maine and Ohio will increase that number to 34 when they launch later this year.