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Kansas lawmakers have reopened the sports betting discussion with two new sports betting bills.
January 27th saw Senate Bill 84 introduced followed by House Bill 2199 on February 2nd. Both bills propose that the state lottery is expanded to oversee sports betting in Kansas.
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This isn't the first time that sports betting has been up for discussion in Kansas. The most recent effort to establish legislation for a regulated industry saw a sports betting bill passed by the Senate in February of 2020. However, the coronavirus pandemic those efforts on the backburner.
While last year's bills proposed tax rates of 7.5% for in-person wagers and 10% for online wagers, the new bills have set those rates at 14% for retail and 20% for online. The new tax rates should make the bills more palatable for the house and significantly increase projected tax revenues.
Aside from the new tax rates, the only other major difference between this year's bills and their 2020 counterparts is that existing lottery operators will be allowed three sports betting skins as opposed to the two approved last year.
With four casinos in the state, this would mean a total of 12 sports betting skins for Kansas.
PointsBet, FanDuel, and Barstool Sportsbook look the most likely brands to enter the market due to their current partnerships and relationships with the state's existing casino operators. That leaves 9 skins open for partnerships which is enough to see the majority of the USA's largest sports betting providers enter the market.
The bills would also allow the state's Native American tribes renegotiate their gaming compacts to include sports betting in some form.
With the advancement of the internet, online sports gambling forums make it extremely convenient to place bets on any sporting event online. Hundreds of sports books and sports forums online make it possible to bet over a sport event in almost any part of the world. The important part of sports gambling is to first find out matt coburn the gambling laws that pertain to your state or jurisdiction and only then if it is legal go ahead and place your bets online. This is mainly because most states of the US consider sports betting illegal and it is only in certain states like Montana, Nevada and Oregon that it is legal.
Aside from the new tax rates, the only other major difference between this year's bills and their 2020 counterparts is that existing lottery operators will be allowed three sports betting skins as opposed to the two approved last year.
With four casinos in the state, this would mean a total of 12 sports betting skins for Kansas.
PointsBet, FanDuel, and Barstool Sportsbook look the most likely brands to enter the market due to their current partnerships and relationships with the state's existing casino operators. That leaves 9 skins open for partnerships which is enough to see the majority of the USA's largest sports betting providers enter the market.
The bills would also allow the state's Native American tribes renegotiate their gaming compacts to include sports betting in some form.
With the advancement of the internet, online sports gambling forums make it extremely convenient to place bets on any sporting event online. Hundreds of sports books and sports forums online make it possible to bet over a sport event in almost any part of the world. The important part of sports gambling is to first find out matt coburn the gambling laws that pertain to your state or jurisdiction and only then if it is legal go ahead and place your bets online. This is mainly because most states of the US consider sports betting illegal and it is only in certain states like Montana, Nevada and Oregon that it is legal.
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