Sports technology company believes Kansas will make more revenue than expected with sports betting bill

 Sports technology company believes Kansas will make more revenue than expected with sports betting bill

TOPEKA, Kan. (WIBW) – A sports technology and data company representative said the state stands to cash in.

Kansans will soon be able to take their money to casinos, restaurants, and bars that offer sports betting. Sportradar’s Head of Government Affairs and former Michigan State Representative Brandt IdenBrandt Iden said the move could bring more bettors out of the state to sunflower.

A representative from RLM Public Relations said 98% of U.S. sportsbooks run on Sportradar data. Sportradar pulls every data point from every major professional and college game in the US. They say Sportradar is the world’s largest sports technology and data company by revenue and data volume.

“It’s so beautiful, so beautiful to see it,” Iden said.

Kansas Gov. Laura Kelly signed House Substitute for Senate Bill 84 into law legalizing sports wagering, saying “This is another mechanism already available in casinos, restaurants, and other places of entertainment to attract Kansans to their establishments. “

Iden agreed.

“I think it puts Kansas on the map. As the second state to pass sports betting this year, but the first in the midwest for the year, I think Kansas is in a good place.

The state will collect a 10% tax on every bet with 80% of the revenue put into a fund to attract big sports teams, like the Chiefs, to Kansas.

It is estimated to bring in $ 10 million according to Iden who said that amount is small.

“They’re going to go to Missouri, put their bets on Kansas so I think $ 10 million, now I don’t know if it’s bigger, but it’s bigger than what the initial revenue was estimated.”

It will take a few months before you place your bet. The law mandates the State Lottery to adopt rules and regulations regarding the advertisement of sports wagering on January 1st.

Iden said the state is pushing for a large market with different locations for people to go to.

“I think that’s probably what lawmakers think it gives mom-and-pop businesses and others the ability to classify the competition and bring new people in the door that it’s an option. people who want to come in and watch a game and bet at the same time at the kiosk. ”

The opposition says this bill could lead Kansans down the path of addiction. Iden and lawmakers said during the process that it would order Kansans who bet it was safe to do so within borders.

“I’m excited to pass on sports betting to Kansas, it’s something that Canans are already doing, and it will bring more tax revenue to our state to help meet our needs,” said Senator Rob Olson, Chair of the Federal Senate. and State Affairs Committee, said. “My constituents have been pushing for this legislation for many years, and now, the next time we have a significant game event in our state, the Kansans can bet on their town team.”

“We have heard from our constituents over the years about the need for a sports betting program here in Kansas, for the amount it will bring into their lives and for the revenues it will generate for our state. , ”Senator Oletha Faust-Goudeau, Rank. Member of the Senate Federal and State Affairs Committee, said. “I’m proud to have contributed to this package that can do that and energize my community by creating jobs in Wichita.”

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