{"id":6492,"date":"2022-04-05T08:24:34","date_gmt":"2022-04-05T15:24:34","guid":{"rendered":"https:\/\/wagers.com\/staging\/4285\/?p=6492"},"modified":"2022-04-05T08:27:14","modified_gmt":"2022-04-05T15:27:14","slug":"kansas-lawmakers-potential-sports-betting-compromise","status":"publish","type":"post","link":"https:\/\/wagers.com\/staging\/4285\/news\/kansas-lawmakers-potential-sports-betting-compromise\/","title":{"rendered":"Kansas sports betting compromise and what comes next"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">As far as states go, Kansas doesn\u2019t get much attention. But, at the tail end of last week, the entire sports betting universe was fixated on the Sunflower State as the legislature attempted to push a sports betting bill across the finish line before the unofficial end of the legislative session.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The effort came up short, with the Senate adjourning in the night without an affirmative vote on the compromise bill.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">But hope is not lost. The Senate will reconvene on April 25 for a veto session. This is when the sports betting legislation will hopefully get a second look.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In his 2004 bestseller, Thomas Friedman asked, what\u2019s the matter with Kansas? Sports bettors are now asking a similar question, what is going on in Kansas? Here\u2019s what we know.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Where Kansas Sports Betting Currently Stands<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">When the Senate returns on April 25, the best-case scenario is it will pass the exact version of the sports betting bill passed in the House on Friday. If that comes to pass, the legislation will go to Gov. Laura Kelly\u2019s desk. If the Senate amends the bill, it will need another affirmative vote in the House. And, of course, the Senate could decide not to pass the bill, effectively killing sports betting legalization in 2022.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">There is every reason to believe Kansas Senate will pass the legislation as\u00a0<\/span><a class=\"editor-rtfLink\" href=\"http:\/\/www.kslegislature.org\/li\/b2021_22\/measures\/documents\/ccrb_sb84_01_0000.pdf\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">lawmakers reached compromises in a joint conference committee<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The critical issues specific to sports betting resolved during the conference committee were:<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Settling on a middle ground tax rate of 10%.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">The authorization of sports betting kiosks at up to 50 locations.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Pinning down problem gambling funding at 2% of tax revenue.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Earmarking 80% of adjusted sports betting revenue on attracting a professional sports franchise to Kansas.<\/span><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">However, the compromises on non-sports-betting issues likely made the difference. Those issues were:<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">The online lottery and ADW greyhound racing decoupled from the sports betting legislation.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">The allowance of historical horse racing (HHR) machines at a pari-mutuel facility in Sedgwick County.<\/span><\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\">Other noteworthy components of the bill include:<\/span><\/h2>\n<ul>\n<li><span data-preserver-spaces=\"true\">Authorization of retail sports betting at Kansas\u2019s four casinos and the ability to partner with up to three online sports betting platforms. The legislation also allows a casino to add a fourth online skin through a partnership with an in-state professional sports team.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Casinos may enter into up to 50 marketing agreements to place sports betting kiosks or interactive lounges at approved facilities in Kansas. The state will give preferential treatment to professional sports teams and the Kansas Speedway, and 8% of a casino\u2019s marketing agreements must be with fraternal and veterans organizations.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Mandates the renegotiation of tribal compacts to include sports betting.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Allows wagers on collegiate sports, including in-state teams and special events.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Allows prop bets and other forms of wagers.<\/span><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">The low operator burdens an open market structure with as many as 13 online operators. This will attract the big names in US sports betting like DraftKings, FanDuel, BetMGM, and Caesars.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">The Kansas Sports Betting Market<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Kansas is a large state, ranking in the top third of states (15th)\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/worldpopulationreview.com\/state-rankings\/states-by-area\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">in terms of area<\/span><\/a><span data-preserver-spaces=\"true\">, but it\u2019s in the\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/worldpopulationreview.com\/states\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">bottom third in terms of population<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0(36th) with just 2.9 million residents.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">That said, Kansas is an essential addition to the legal US online sports betting landscape. Gross gaming revenue estimates for Kansas indicate a market worth around $100 million annually, despite its lack of professional sports teams. Suppose Kansas can slightly overperform and put up Iowa-like numbers (a state with a similar population base and economic factors). In that case, the market could reach as high as $150 million in GGR annually.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Working in its favor, Kansas has a rabid NFL fanbase even if the team resides just across the border in Missouri, not to mention several big-time colleges, like the Kansas Jayhawks and Kansas State Wildcats. The state\u2019s plan to use sports betting money to attract a professional team could also pay off, in which case the legalization will be an even bigger win for the state than the direct tax revenue it receives.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Does the Movement in Kansas Spur on Missouri?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The situation in Kansas could also help light a fire in neighboring Missouri. As my colleague Ryan Butler has mentioned many times, there is an open cross-state rivalry between Kansas and Missouri and a \u201ckeeping up with the Jones\u2019s\u201d attitude among legislators.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I think I can say I&#39;ve watched legislative hearings for the majority of states, but I know none talk about another state more than Kansas and Missouri. I&#39;m increasingly convinced that if Kansas gets its sports betting bill across the finish line Missouri will soon follow <a href=\"https:\/\/t.co\/jTcMndgb2u\">https:\/\/t.co\/jTcMndgb2u<\/a><\/p>\n<p>&mdash; Ryan Butler (@ButlerBets) <a href=\"https:\/\/twitter.com\/ButlerBets\/status\/1509230441303269387?ref_src=twsrc%5Etfw\">March 30, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>With a population double that of Kansas at 6.1 million, and a trio of storied franchises in the St. Louis Cardinals, St. Louis Blues, and Kansas City Chiefs, Missouri is one of the biggest sports betting prizes still available. The Show-Me State\u2019s sports betting efforts are expected to resume this week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As far as states go, Kansas doesn\u2019t get much attention. But, at the tail end of last week, the entire sports betting universe was fixated on the Sunflower State as the legislature attempted to push a sports betting bill across the finish line before the unofficial end of the legislative session. The effort came up [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[324],"tags":[1126],"class_list":["post-6492","post","type-post","status-publish","format-standard","hentry","category-news","tag-kansas"],"_links":{"self":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts\/6492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/comments?post=6492"}],"version-history":[{"count":5,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts\/6492\/revisions"}],"predecessor-version":[{"id":6517,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts\/6492\/revisions\/6517"}],"wp:attachment":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/media?parent=6492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/categories?post=6492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/tags?post=6492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}