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US April round-up: Kansas revenue rises, DC reports decline

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Taking a closer look at the results of US State Sports Betting, iGB analyzes a revenue growth in Kansas over the past year in April. However, Washington DC saw a decrease in handle despite a steady handling.

Kansas’ total market revenue increased by 13.0%, to $10.40m (PS8.2m/EUR9.6m). DC’s April revenue was down by 59.5%, to $526 689, compared with last year.

Kansas revenue was up 46.5% from $7.1m this March. Retail betting only accounted for $79,989 of the total revenue.

Kansas’s total expenditure in April was $192.1m. It is 44.4% higher than the previous year, but still behind March’s $252.9m state-wide handling.

In the last month alone, players bet $185.9 million online. Another $6.2 million was wagered in retail sportsbooks.

The total tax collected for this month was $1.0m. Almost all of it came from the online gambling.

DraftKings, Boot Hill and Kansas in the lead

Looking at the market from each perspective, DraftKings continues to be the leader in online gaming. The partnership generated $5.1 million in revenue after $84.3 million was wagered by players.

FanDuel’s partnership with Kansas Star generated $4.9m from $60.7m of bets. Caesars and Kansas Crossing were the other partnership that posted revenue. This hit $277,103 off a $6.6m handling.

Kansas Crossing has also arranged online agreements with BetMGM, and Fanatics. However, neither of these companies generated revenue in April. ESPN Bet and Hollywood had a similar situation, where they took bets worth $14.0m but failed to report any revenue.

Total sports betting revenues in Kansas for the current financial year totaled $98.0m. The total revenue in Kansas for the financial year to date is $98.0m. This includes $4.6m of retail betting and $93.5m online.

Players wagered a total of $2.05bn. Of this, $1.96bn was bet on the internet and $89.5m in land-based venues. Taxes collected by the state totalled $9.8 million.

DC revenue down despite level handle

Looking at DC revenue, it was also down 62.4% compared to $1.4m last March.

In terms of handle, the players bet a total $14.5m in April. It was the same as last month but 5,7% less than $15.7m from March 2024.

GambetDC was the best operator when compared. After subtracting $6.5m from winnings and $6.9m spent by players, the revenue is $394,224. The brand ceased operations mid-April, after FanDuel took over the company.

FanDuel has reported a revenue of $194,236 on $550,751.

Caesars, who led the pack in March, posted a loss of $165,196 for April on a handle of $6,9m. BetMGM, on the other hand, generated $226.880 from $3.1m of total wagers. Grand Central, meanwhile, posted $55,614 out of $317.770.

Cloakbook generated $2,800 from a $18,090 deal, Sports & Social made $11,071 from $47,541 and Grand Central H Street earned $2,554 off $30,966. Ugly Mug’s sportsbook made a $614 loss from $447.

Click here to view our US Editor Jill R. Dorson’s analysis.

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