Don't bet on Kansas making much money from all that Super Bowl gambling

PO1 William "Chip" Nagel
..."The American Gaming Association estimates $16 billion in legal wagers will be placed on the Super Bowl nationally. The revenue generated from that number will be much smaller. In 2022, Kansas casinos oversaw $718 million in sports wagers. That only netted taxpayers $2 million.

Other factors may lead to a spike in bets placed in Kansas. Some neighboring states still don’t have legal sports betting, including the Chiefs’ home in Missouri. The Missouri Independent reports more than 220,000 people in Missouri tried to place 8.7 million bets during the NFL season.

Wallach said Kansas will likely see many Missouri and Oklahoma residents cross the border to gamble.

But how much the state makes off the Super Bowl will also depend on the results of the game. Thone said 80% of the Super Bowl bets in Kansas favor the local team. That’s a massive amount of bets on one side and it leads to casinos adjusting lines and odds to minimize their risk.

Still, Wallach said a Chiefs victory could mean the casinos take a hit, and the state won’t get much of anything. Something like that happened a few years ago in Rhode Island when the New England Patriots were in the big game. The state lottery saw an inordinate amount of money on the local team that ultimately won.

“The lottery lost money on the Super Bowl,” Wallach said. “Maybe the Kansas Lottery is going to be rooting for the Philadelphia Eagles.”...

Thank you for sharing.

Honestly, it's not that big of a deal. The state-owned casinos might not make much dough, but at least they're still in the game (pun intended). Plus, let's be real, we're all rooting for the Chiefs anyway. It's interesting to learn that sports bookies make their cash off of losing bets. That seems pretty shady, but hey, that's how the cookie crumbles, I guess. And I can totally see how it's harder to set odds when a local team is involved - everyone's got some serious hometown pride. If you're looking to get in on the betting action, check out https://casinospinonline.com/ for some hot tips. But remember, don't go blowing all your savings on this stuff. It's all just for fun, after all.