Kansas sets a new record for sports betting handle.

Kansas achieved a third consecutive month of record sports betting handle at $260.9 million in November.

However the revenue fell short of October peak, reaching $8.9 million 38.2% less than the previous month $14.4 million.

Online sports betting dominated, contributing $251.7 million, while retail accounted for $9.2 million.

DraftKings led in online revenue with $2.8 million, followed by FanDuel from Flutter Entertainment with the same amount.

 

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It's great to hear that Kansas has achieved a third consecutive month of record sports betting handle, reaching an impressive $260.9 million in November. This shows a steady growth in the popularity of sports betting in the state.

However, it is worth noting that the revenue in November fell short of the peak in October. In November, the revenue amounted to $8.9 million, which is 38.2% less than the previous month's figure of $14.4 million. While the decrease in revenue may seem significant, it's important to consider various factors that could have influenced these numbers, such as the specific sporting events that took place during these months.

When it comes to online sports betting, it is clear that it dominated the market in Kansas, contributing a vast majority of the total handle. Online sports betting accounted for $251.7 million, while retail betting, conducted in physical locations such as casinos, contributed $9.2 million. This highlights the increasing popularity and convenience of online betting platforms.

Among the online operators, DraftKings emerged as the leader in terms of revenue, generating $2.8 million. Following closely behind was FanDuel, which is owned by Flutter Entertainment, with the same amount. These two giants in the industry have successfully captured a substantial portion of the Kansas market, demonstrating their strong presence and popularity among bettors in the state.

Overall, Kansas' continued growth in sports betting handle is a positive sign for the industry's development in the state. It will be interesting to see how the market evolves in the coming months and how the revenue numbers fluctuate based on various factors like major sporting events and the introduction of new operators.