Sports fans will be able to bet on their favorite teams and players as sports betting is allowed in Kansas starting September 1, a week before the start of the NFL regular season and NASCAR comes to Kansas Speedway.
As fans try to make a few extra bucks on the side, the Kansas Lottery will collect 10 percent in revenue taxes from all bets made. What will be the end of the state? It is not clear.
In estimates presented to the Kansas Legislature in April, the Kansas Lottery projected the state would receive $1.8 million in 2023, $6 million in 2024 and $10 million in 2025. But the officials of the lottery said that the calculations are over because the law was changed after it was done. , especially when the tax was set at 20 percent instead of the later 10 percent. No new announcements have been made since then.
The $1.8 million number was used again in June when the Kansas Legislative Research Department (KLRD) and the Division of Budget presented a report to the Coordinating Council and Gov. Laura Kelly for the 2023 budget revenue estimate. KLRD says no better estimate has been found.
The amount of sports revenue will determine how much money is available to attract a professional sports team to Kansas, especially Kansas City. Chiefs from across the state. This is because most of the tax revenue from sports betting is earmarked for a fund for that purpose.
Senate Bill 84 received the support of state legislators and was signed by Kelly, who called legalized gaming a common solution to keep Kansans investing in Kansas and operating businesses in sports, casinos, restaurants. and other entertainment venues.
“I want to thank all of our partners for working with us to get this done in time for the football season,” Kelly said.
There are still some hurdles to overcome before anyone can bet on the Chiefs to win Week 1 against the Arizona Cardinals, which is set for September 11.
The Kansas attorney general’s office said there are “significant legal issues” related to the Kansas Lottery’s proposed game rules, which require approval by the attorney general’s office.
“Our initial review has identified significant legal issues with the agency’s proposed regulations,” said John Milburn, spokesman for the attorney general, in a statement Thursday, August 18. Within days, we will submit our official response to the Lottery and give them the opportunity to correct the legal deficiencies. We hope to approve these regulations as soon as they are improved by the agency to the legal problems in their first edition.
The attorney general’s office said it received the sports betting law from the Kansas Lottery on Aug. 10 and has begun reviewing the Kansas Racing and Gaming Commission’s rule that was received on Aug. 17, but did not say whether also some problems. . Milburn said the review of the game commission’s proposed regulations is being expedited.
On Friday, August 19, the attorney general’s office sent their regulatory feedback to the Kansas Lottery and asked for corrections on 15 regulations.
“The campus has had a good relationship with the attorney general’s office and there is always an exchange of ideas and legal opinions when it comes to passing laws and regulations,” Cory Thone said. , the spokesman for the Kansas Lottery. “This is normal business practice for the campus and the attorney general’s office, and the campus believes that any issues that may be brought to the attention of the attorney general will be resolved promptly.”
Todd Allen, director of the gambling commission, told the Beacon that he had no information from the attorney general’s office regarding his agency’s proposed regulations.
There are still many steps to be taken by the sports commission before the September 1 self-imposed deadline, including background checks on the companies behind the sports betting. partnered with four state casinos. The commission also needs to find the machines that will be used.
The government agency has announced partnerships with online sports betting companies, known as sportsbooks, which are four operates nationwide. Each casino can partner with a maximum of three online sportsbooks. So far, the casinos have not announced any kind of partnership with a sports book. Partnerships we know so far:
Boot Hill Casino: Bally Bet and DraftKings
Hollywood Casino at Kansas Speedway: Barstool Sportsbook and FOX Bet Sportsbook
Kansas Crossing Casino: Caesars Sportsbook and PointsBet
Kansas Star Casino: BetMGM and FanDuel
The gaming commission and the Kansas Lottery both believe they will be ready for September 1st.
“We’ve seen many states around the country spend a lot of time promoting this,” said John Holden, sports business professor at Oklahoma State University. “Kansas is on a fast track. Because it’s going so fast, things like this are probably going to happen until everything is live.”
The NFL is the most bet-on league in the country, meaning real time money. A one-week delay in betting can cost the state money in lost tax revenue. This does not mean that the tax revenue will be spent anytime soon.
Kansas is a bit more about using tax revenue compared to the other 35 states that also allow sports betting.
The first $750,000 in tax revenue will go to the White Collar Crime Fund, created to investigate crimes related to gang violence. After that, 80 percent of the remaining money will go to the Attracting Professional Sports to Kansas Fund, money to finance a stadium that can be built in Kansas that needs government money. Only 2 percent will go to the Problem Gambling and Other Addictions Grant Fund. The balance remains in the Lottery Operating Fund.
The most notable targets for professional sports teams to land in Kansas are the Kansas City Chiefs and the Kansas City Royals, who play in Missouri. Clark Hunt, the owner of the Kansas City Chiefs, previously said that the club is only renovating Arrowhead Stadium instead of looking for a new home. That’s after CEO Mark Donovan said the club is considering stadiums in Kansas during the NFL’s April meeting.
“It’s very unique,” Holden said. “I think spending any public money to bring a professional sports team to your city or state is a bad idea. There are many public reasons that could be better.” use that money instead of the Kansas City Royals or the Kansas City Chiefs.
That said, Holden predicts Kansas will benefit from allowing sports betting ahead of its neighboring states. Neither Oklahoma nor Missouri has legalized online sports betting, making Kansas a dangerous place for out-of-state customers to cross state lines to place legal bets. Billboards in Kansas City, Missouri, have already gone up announcing the arrival of sports events in Kansas.
“I think there’s a real opportunity for Kansas,” Holden said. “We have had the opportunity to get a little sign in a dry part of the country.”
What states banned DraftKings?
The states where DraftKings is blocking players are: Arizona, Alabama, Hawaii, Idaho, Iowa, Louisiana, Montana, Nevada and Washington State. Read also : Sandra Bullock, Justin Bieber and Other Stars Lost Money on Real Estate in a Booming Market.
Is DraftKings available in all states? Currently, some of those states have banned sports betting entirely, while others have specifically banned DraftKings or only one type of service. This is the case in states like Oregon, Washington, Nevada, Montana, South Dakota, Arkansas and Rhode Island.
How many states is DFS legal in?
Did you know? Daily natural sports (DFS) operate in 41 states, but only 19 states have legal regulations.
Why is DraftKings not legal in Florida?
DraftKings is not one of the best sports betting options in Florida. On the same subject : When will sports betting be legal in Kansas? It’s still not clear. In fact, unless lawmakers address the concerns of the state’s casino-type industry, there are no legal gaming options written into Florida law for anyone within state borders.
How many states can DraftKings operate in?
DraftKings currently operates in 14 states. See the article : Athletes beat the heat at the Adaptive Sports Camp in Berlin.
What states can you bet with DraftKings?
States that DraftKings online sports betting is legal include:
- Arizona.
- Colorado.
- Connecticut.
- Illinois.
- Indiana.
- Iowa.
- Michigan.
- New Hampshire.
Does DraftKings pay real money?
After you win, the winnings will appear in your DraftKings account almost immediately. Players can withdraw via paypal or the payment method they used to deposit.
Do you earn real money from DraftKings? Yes, DraftKings makes the withdrawal process easy by allowing you to withdraw money at any time. Players can withdraw their money by check, PayPal, ACH, and home pick up at a point of sale. Also, people who post back with PayPal may be able to use PayPal if that’s how they deposit money.
How long does it take DraftKings to give you your winnings?
| Methods | Regular time |
|---|---|
| Check | See the list below |
| Play | 2-4 Days |
| Online Banking | 3-5 Days |
| Wire Removal | 24-48 Hours |
