Kansas Senate Passes Sports Betting Bill

The Kansas Senate has passed a bill that would legalise land-based and certain forms of online sports wagering in the US state. Senate Bill 283 is passed by a vote of 23–15 and now set to move forward to the state’s House of Representatives.

The bill set out measures to permit casinos already licensed by the Kansas Lottery Commission to launch on-premises sports betting and offer two online betting skins.

Casinos that offer land-based sports wagering would be taxed at a rate of 7.5%, while the state would also place a 10% tax on revenue from online sports bets.

It is not yet clear how much licenses would cost, though this is likely to be decided at a later date by the Kansas Lottery Commission. The Commission would also set out rules for advertising related to sports betting in the state.

The sporting venues across the state would be permitted to enter into a contract with a licensed operator to set up a location at their venue.

Licensees may also create “a designated area where patrons may engage in sports wagering” inside a sports venue, but only via online platforms. However, it specifies that this only applies to motorsports or multi-sport facilities in Wyandotte County with a minimum investment of $50m.

In addition, the bill sets out measures for tribal sports betting, whereby if a federally recognised Indian tribe submits a request to negotiate a gaming compact regarding sports wagering, the Governor must “negotiate in good faith” to enter into a such a compact.

bitcoin
Bitcoin (BTC) $ 96,179.77 2.52%
ethereum
Ethereum (ETH) $ 3,301.76 4.90%
tether
Tether (USDT) $ 1.00 0.19%
solana
Solana (SOL) $ 245.11 5.94%
bnb
BNB (BNB) $ 645.74 3.89%
xrp
XRP (XRP) $ 1.32 15.63%
dogecoin
Dogecoin (DOGE) $ 0.403687 11.52%
usd-coin
USDC (USDC) $ 0.999032 0.12%
cardano
Cardano (ADA) $ 0.954242 14.15%
staked-ether
Lido Staked Ether (STETH) $ 3,299.74 4.97%
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)