You might think with the Kansas City Chiefs in the Super Bowl, that the state of Kansas, by proxy, would have a sports betting field month for February.
You’d think wrong, and you really can’t blame it on the fact that the Chiefs are from Kansas City, Missouri. The state of Kansas collected just $1,134 in February. Really. The Super Bowl win did not do much good for the Sunflower State.
The Kansas Lottery said bettors wagered $194 million in February, a 5.9 percent decline compared to the $206 million in January. Still, sports betting in the state covered the 2022-23 season, so comparisons are difficult to make when it comes to Super Bowl handle, according to Covers.
The Chiefs went from favorites to underdogs by kickoff and most online operators paid out more than they took in. DraftKings was the only retail location to report a slight profit, while FanDuel and PointsBet were the only online sportsbooks to do so.
The state’s $1,134 payday was a 99.8 percent drop from the $598,745 it tallied in January. And even January fell 40 percent compared to December.
And if you thought there was a lack of promos for the Super Bowl, you may not be crazy.
Promotion deductions decreased 13 percent month over month with DraftKings the only operator to increase their number of promos. The gain in promos did not translate to a gain in handle for the operator.
DraftKings retained its top share of online handle just slightly ahead of FanDuel. BetMGM came in a distant third, followed by Barstool, Caesars and PointsBet.
