Bettors in the Sunflower State wagered $275.9 million in October, most ever in a single month, but a 4.7% hold for operators stunted revenue growth.
that $275.9 million was wagered during a big month of NFL, college football, the World Series, and the start of the NBA season.
October marked the 11th time since sports betting went live in September 2022 that Kansas bettors have wagered more than $200 million. Gross revenue was down 49% year-over-year and 62% month-over-month. Adjusted revenue reached just $4.9 million behind a 1.8% win rate. Retail sportsbooks produced a hold below 1%.
The win rate fell from 14% in September to 3.5% in October, leaving DraftKings with $4.3 million in gross revenue, down from the previous month’s all-time high of $16.7 million.
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