Kansas Sports Betting Bill is getting closer to the goal again
Kansas Sports betting took another step forward this week.
A replacement bill for SB 84 received a 26-12 Approval from the Kansas Senate Wednesday afternoon.
The bill to expand the state lottery to allow sports betting is now going into the House.
Kansas Sportsbooks are nearing the finish line … again
Before the COVID-19 shut down in 2020The Senate passed a similar law on sports betting.
Kansas entered the 2021 Legislative period as one of the states prepared to legalize sports betting.
The momentum for the votes last year seemed to carry over into the new year. Kansas weather could bet up to $ 2 billion annually with fully available options, according to studies by Eilers-Krejcik and AGA-Oxford.
Basics of betting calculation
Each of the four state-owned casinos is allowed to open a sports betting retail store and work with up to three mobile sports betting operators.
Sports facilities can also partner with the casinos for an online sports betting section. This includes:
- Kansas Speedway
- Sporting Kansas City Children’s Charity Park
In-state college events are fair game for weather as well as college sporting events in the state. Greyhound races or interscholastic K-12 sports are expressly excluded.
The state would employ one 5.5% Tax rate for personal bets and a 8th% Online betting tax rate. A provision also prescribes 2% Lottery gaming facility income comes from a problem gambling fund and addiction subsidy.
Kansas Casino Affiliate
Much of the casino affiliate slots are currently open. Main operator like BetMGM, FanDuel and DraftKings were in support of the Senate Act.
Penn National Gaming operates the Hollywood Casino, next to Kansas Speedway. That opens up an opportunity Sport bar stool, that worked a lot with NASCAR.
Boyd Gaming operates the Kansas Star Casino and PointsBet has access through the Kansas Crossing Casino and Hotel.
Growth potential for tribal sports betting
The bill contains provisions that will allow the tribes to renegotiate game packages to potentially enable sports betting.
Kansas also has casinos operated by:
- Iowa tribe of Kansas and Nebraska
- Kickapoo tribe of the Indians of the Kickapoo reservation
- Prairie Band Potawatomi Nation
- Sac and Fox Nation of Missouri in Kansas and Nebraska
Most compacts allow the commercially approved forms of play.