Kansas Sports Betting Bill Delayed After Surprising Amendment Failure
A legislative sweat to get regulated sports wagering to Sunflower State smasher an unexpected barricade Tuesday. That’s when a lottery-related amendment failed on ii occasions.
House Bill 2740 (HB 2740) would legitimatise online and nomadic sports betting inwards Sunflower State at the state’s land-based casinos, convenience stores, and racetracks. The statute law enjoys bipartisan backing, as considerably as the support of the state’s commercial and tribal casino operators.
The eyeshade appeared poised to clear before an amendment prohibiting the Sunflower State Lottery from marketing tickets online was defeated. Under HB 2740, Kansas River Lottery would work with gaming operators to set in motion regulated sports wagering in the state.
Though it doesn’t pull the attention of iGaming and sports betting, some analysts see monolithic opportunity with cyberspace lotteries, noting that market place could eventually competitor that of online sports wagering. To the mortification of cassino operators, Kansas Lottery antecedently attempted to attach the iLottery purvey to other sports wagering legislative efforts.
By banning an online lottery, the province is missing come out on $11 meg in revenue, according to Sunflower State Radio, potentially drawing the ire of both Democrat and Republican lawmakers.
Still Plenty of Hope
Tuesday’s goings on inward Sunflower State are widely viewed as a temporary hurdle, not a dying knell for sports wagering inward the state.
Sit tight, guys, we’ll have this come out this year,” said Rep. Stephanie Clayton (D-Overland Park) on Twitter. “We can buoy jam this; I’m sure of it.”
Another amendment — one that would yield the drawing contain of sports betting over casinos — also failed. Not surprisingly, gaming companies counterbalance that. But some politicians favour it because, if it’s enacted, it agency more immediate payment for say coffers.
Opposition to regulated sports wagering inwards the commonwealth exists, but it’s comprised mostly of gambling dependency groups and greyhound running owners that take it inward its stream form, HB 2470 is one-sided toward billionaire Phil Ruffin and his efforts to rejuvenate the currently shuttered Sedgwick County racetrack.
Operators Interested inward Kansas
HB 2740 proposes a 20% tax on online sports bets and a 14% order on wagers made at land-based casinos. Several states are intimately beyond those rates. But some operators are pushing Kansas lawmakers to dip the levy to a friendlier 10%.
Even with the legislative haranguing, no shortage of gaming companies are expressing involvement inwards Kansas. In alphabetical order, the companies with market approach to the tell are BallyBet, Barstool Sportsbook, BetMGM, Boyd Sports, DraftKings, FanDuel, FOX Bet, PointsBet, and theScore.
Penn National Gaming owns Barstool and theScore. Likewise, Boyd Gaming, which operates a land-based cassino inward Kansas, controls 5 percent of FanDuel. It’s not readable how Boyd and William Penn programme to continue when the body politic at long last signs off on sports betting.