Sports Betting in Kansas One Step Closer After Regulation Approval

Sports Betting in Kansas One Step Closer After Regulation Approval

The Kansas Racing and Gaming Commission has accomplished its objectives before the 2023 deadline. This development makes the likelihood of sports betting operations in Kansas more likely in time for the official NFL season games.

Kansas Sports Betting

 

Regulation Adopted for Final Acceptance

The Kansas Racing and Gaming Commission (KRGC) convened a meeting on Friday, with sports betting regulation as a prominent agenda item, which passed overwhelmingly. 

In accordance with the meeting agenda of the KRGC, a number of critical regulatory terminology have been clarified, including the definitions of freely and involuntarily excluded individuals, layoff, voided and canceled wagers, as well as additional standard language definitions. All of this is part of the formation of all rules, and the next stage on the path to sports betting in Kansas involves Kansas Attorney General Derek Schmidt, who must sign the regulations’ final approval. The next KRGC meeting will take place on September 9, 2022, at 10:00 a.m. in Topeka, Kansas 66604, at the Shawnee County Public Library, located at 1510 SW 10th Avenue.

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Sports Betting in Kansas Nearing 

Technically, sports betting became legal in Kansas on July 1, 2022, after Gov. Laura Kelly signed Senate Bill 84 on May 12, followed by a ceremonial signing on June 20. 

Currently, the measure is quite comprehensive, and the initial deadline for regulators to fulfill their responsibilities was January 1, 2023. Even in May, there was confidence that sports betting would be legalized before the end of the year.

Later, it was suggested that everything may be completed in time for football season, with the NFL season being an ideal time for the debut. Local casinos are permitted to enter into agreements with sports venues and franchises and place kiosks inside their facilities. In addition, local casinos would be permitted to collaborate with as many as three iGaming providers for mobile enterprises.

And some sports betting businesses are preparing for Kansas’ entry into the sector. FanDuel has already begun its pre-launch incentives, while DraftKings has already released its own welcoming bonuses for Kansas residents. Users who pre-register with DraftKings will get four $25 free bets, for a total of $100, with no money required. Additionally, on the day of the debut, a fortunate Kansan will be selected at random to receive a $100,000 free bet. 

The state will get 10% of all money earned from sports betting activity as taxes. Sportradar’s Head of Government Affairs and former Michigan State Representative Brandt Iden was quoted as stating, “it’ll be a lot more” in response to the $10 million income forecast, without offering a more precise estimate of his own. Legalizing and operating sports betting businesses in the state might become an entrance point for out-of-state investors and bettors, with Michiganders being a strong target for this, and Mr. Iden likely is aware of this.

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About Lou De Aguila

Lou Ramon Aguila is a contributor for Golden Casino News. He has a degree in BSBA Legal Management with great interest in high-profile legal cases involving sports personalities. An ultimate sports junkie, he covers just about everything in the sporting world with an emphasis on the NBA, NFL, and MLB. In his past time, Lou loves to read manga, watch anime and critique pro-wrestling matches.