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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

  • Technology
  • May 13, 2022
  • No Comment
  • 55
  • 5 minutes read


TOPEKA, Kan. (WIBW) – A representative of a sports data and technology company said the state can take advantage.

Kansans will soon be able to take their money to casinos, restaurants and sports bars. Sportradar’s head of government affairs and former Michigan state representative Brandt IdenBrandt Iden said the move could bring more external bettors into the state of the sunflower.

An RLM Public Relations representative said 98% of U.S. sports betting runs on Sportradar data. Sportradar captures all data points of all major professional and college games in the United States. They said that Sportradar is the largest sports data and technology company in the world in terms of revenue and volume of data.

“Absolutely great, it’s been great to see it,” Iden said.

Kansas Gov. Laura Kelly signed House Substitute Bill 84 to replace the Senate to legalize sports betting, saying “This is another mechanism than casinos, restaurants and other entertainment venues now. they can use it to attract Kansans to their establishments. “

Iden agrees.

“I think it puts Kansas on the map. As the second state to approve sports betting this year, but the first in the Midwest, I think Kansas is in a great place.”

The state will collect a 10% tax on each bet with 80% of the revenue invested in a fund to attract major sports teams, such as the Chiefs, to Kansas.

He is expected to contribute $ 10 million, according to Iden, who said that figure is low.

“They’re coming from Missouri, they’re going to make their bets in Kansas, so I think that $ 10 million, I don’t know much more now, but it’s going to be a lot bigger than the first revenue estimates.”

It will be a few months before you can place your bets. The law mandates that the State Lottery adopt rules and regulations on the advertising of sports betting before January 1.

Iden said the state is pushing a big market with different locations where people go.

“I think that’s probably what lawmakers thought that would give these mom and pop and other companies the ability to compete and bring new people to the door with that as an option. People who want to go in and watch a game and bet at the same time through the kiosk ”.

The opposition has said that this bill could lead Kansans down the path of addiction. Iden and lawmakers have said during the process that this would lead to the Kansans already betting on doing so safely within borders.

“I was excited to approve sports betting in Kansas, it’s something the Kansans are already doing and will bring additional tax revenue to our state to help us with our needs,” said Sen. Rob Olson, chair of the Kansas Committee. ‘State and Federal Affairs of the Senate. dit. “My constituents have been pushing this legislation for years, and now, the next time we have a major sporting event in our state, Kansans will be able to bet on his hometown team.”

“We’ve heard from our constituents for years about the need for a sports betting program here in Kansas, both for the value it will bring to their lives and for the revenue it will generate for our state,” said Sen. Oletha Faust- Goudeau, of Ranking. Member of the Senate Federal and State Affairs Committee, he said. “I am proud to have contributed to this package that will do just that and revitalize my community by creating jobs in Wichita.”

Copyright 2022 WIBW. All rights reserved.



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