A legislative bill that authorizes both sports betting and historical horse racing machines in the US state of Kansas has been approved by the state’s governor and subsequently signed into law. Senate Bill 84 was finally approved on May 12th, 2022, after the Senate presented it to Governor Laura Kelly several days before.
Sports Betting Will Be Offered On Behalf of Kansas State’s Lottery
In the latest news concerning the United States’ ever-growing sports betting market: a legislative bill that authorizes both sports betting and historical horse racing machines in Kansas has been approved by the state’s governor and therefore signed into law.
The legislation, known as Senate Bill 84, was finally approved on May 12th, 2022, after the Senate presented it to Governor Laura Kelly several days earlier.
The piece of legislation permits sports betting to be included under Kansas’ expanded lottery act. Meanwhile, historical horse racing machines, for their part, can now be included under the Kansas Parimutuel Racing Act.
What this means in practicality is that lottery facility managers will now be able to operate sports betting in Kansas on behalf of the state’s lottery system. This will be achieved via partnerships with online sports betting operators.
Lottery Facility Managers Can Operate Up to Three Sports Wagering Platforms
The nitty gritty of the state of Kansas’s sports betting bill reveals that each lottery facility manager can operate a maximum of three interactive sports wagering platforms. Applications for licenses can be submitted once an application process has been put in place, which hasn’t yet occurred, but will likely take place on or before September 1st, 2022.
The bill specifies that sports betting and historical horse racing machines will be regulated by the Kansas Racing and Gaming Commission. The same commission will also be responsible for issuing interactive sports betting licenses and sports wagering supplier licenses to eligible operators.
A short history of Senate Bill 84: it was first introduced in January 2021 and proceeded to pass the state Senate. It then experienced a series of amendments and was eventually held up at the state House level after not progressing to a vote. Earlier in 2022, it was referred to the Committee on Federal and State Affairs, where it once again progressed to the state’s Senate.
Louisiana Sports Betting Market Netted $211 Million in March 2022
Meanwhile, players in the US state of Louisiana wagered an impressive $211 million during the first full month of legal sports betting. The state’s regulated online market launched on January 28th, 2022, following the launch of retail sports wagering in October of 2021.
Penn National Gaming along with its Barstool Sportsbook, Caesars Entertainment, DraftKings, Rush Street Interactive and its BetRivers Sportsbook, and Flutter Entertainment-owned FanDuel Group in collaboration with Boyd Gaming all went live in the Bayou State on launch day.
During the first four days alone of regulated online sports gambling in January and February 2022, consumers already managed to wager a total of $40.5 million. Football betting ended up, perhaps unsurprisingly, being the main source of revenue for online operators, generating $9.8 million – coming ahead of basketball at $5.1 million and parlay betting at $4.4 million.
Caesars Entertainment was already ahead of the curve in Louisiana back in October 2021, when it made its mobile sportsbook available to download, giving players the ability to register an account, deposit funds, and peruse through a selection of pre-match and live markets they could later wager on.
The operator even launched a temporary retail sportsbook to accompany the launch, as co-president Eric Hession described the Louisiana and Gulf Coast region as special:
“Louisiana and the entire Gulf Coast region are a special part of the Caesars family. We couldn’t be more excited to build on our longstanding commitments in the state with the launch of legal sports betting. We know how passionate Bayou State sports fans are about their teams and we’re confident our brand-new Caesars Sportsbook app and the exciting offers we have for launch can offer them a sports experience that can’t be matched.”– Eric Hession, Co-President, Caesars Entertainment, Press Release
BetMGM Began Offering Sports Betting in Illinois in March
Over at the other end of the country, casino and sportsbook operator BetMGM finally launched its mobile sports betting app in the Midwestern US state of Illinois in March 2022.
Illinois sports bettors can now make use of BetMGM’s online sports wagering platform to place pre-game, live in-play, futures and parlay wagers on a wide selection of sports leagues and events.
As is somewhat standard for the industry, BetMGM’s mobile sports betting app is integrated with its proprietary BetMGM Rewards program, allowing players to exchange points for accommodation and experiences at MGM Resorts properties dotted around the US. These include physical locations such as the Bellagio and MGM Grand in Las Vegas, Nevada, and the Borgata in Atlantic City, New Jersey.
BetMGM chief executive Adam Greenblatt sees the state’s sports betting market as one of the nation’s largest:
“This launch marks a significant milestone for BetMGM as we enter one of the country’s biggest sports betting markets. We look forward to working with the state of Illinois to bring its passionate sports fans a new, innovative and unique sports betting experience.”– Adam Greenblatt, Chief Executive, BetMGM, Press Release
BetMGM is currently active in the US states of Arizona, Colorado, Indiana, Louisiana, Mississippi, Missouri, New Jersey, Nevada, New York, Pennsylvania, Tennessee, Virginia, West Virginia, Wyoming and Washington DC.
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