Kansas State Senate Passes Sports Betting Bill

Following two years of haggling, the Kansas State Senate passed a bill that would permit sports betting. Lawmakers had hoped to pass a bill before Super Bowl LIV, realising that would have been an enormous boost for the state. The drive then became an try to pass a bill prior to the March Madness of the NCAA took off.

If passed the bill would permit adults more than the age of 21 to place wagers on professional and college sporting events using on-line platforms, or at among the 4 casinos in the state: Hollywood Casino at Kansas Speedway in Kansas City, Kansas Star Casino at Mulvane, Boot Hill Casino at Dodge City, and Kansas Crossing Casino and Hotel at Pittsburg.

Kansas will earn 7.5% from the earnings from all bets placed within a casino, and 10% from online bets. On-line sportsbook operators could be permitted to negotiate their own agreements using the casinos.

It’s estimated that within the first year as a lot as $600 million would be spent on sports betting, using the state taking in around $3 million out of that. Other people believed the state would get even more though, with Sen. Tom Holland arguing that the state was “leaving cash around the table.” He stated, ““At the end from the day, this must be a profitable towards the state.”

Some of the tax income would visit the Horse Fair Racing Benefit Fund, while other cash would visit the Kansas Lawyer General’s White Collar Crime Fund for investigations. The legislation also contains Senate President Susan Wagle’s proposal to make use of two % of the proceeds to treat gambling addiction.

Wagle stated: “If you’re drinking and gambling, you are able to get in large trouble. Our situation right here is we’re now going to make this readily accessible via our new technologies on phones and on computers.”

When authorized by the home it’ll move for final approval to the governor’s desk.

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