Currently Read:
 
AmericaGambles Logo

Kansas Wants to Use Sports Betting Taxes to Lure Chiefs to State

Kansas Kansas Wants to Use Sports Betting Taxes to Lure Chiefs to State
Apr 27, 2022 20:04Tim Ronaldson

As early as this week or early next, Kansas could be the next state in America to legalize both in-person and mobile sports betting.

The measure has already passed the state House and is set for a vote in the state Senate soon. It would then be expected to be signed by Governor Laura Kelly.

Like all states that have legalized sports betting, Kansas is going to get tax revenue from the practice. But, unlike the other states, Kansas has proposed to use that revenue in an interesting way — to try to lure the NFL’s Kansas City Chiefs to relocate to their side of the border.

How Kansas Would Use Tax Revenue

Under Kansas’ proposal that is up for discussion in the state Senate, the state would impose a tax of 10% on each legal sports bet that is made in the state. That’s not that outlandish compared to other states. What is unique is how Kansas wants to use a majority of the funds.

According to the legislative proposal, 80% of those revenues would be put into a fund that would then be used to provide incentives for some professional sports franchises to relocate to Kansas. That amount is projected to be as much as $5 million each year.

Apparently, the state’s prime target is the Kansas City Chiefs of the National Football League. Currently, the Chiefs play in Kansas City, Missouri. The state is hoping they could possibly convince them to move less than 10 miles down the road to Kansas City, Kansas — which would give them all the tax revenue and supporting business rather than their neighbors in Missouri.

The hope is to convince the team to locate to an area known as the Legends, which is home to Sporting KC of Major League Soccer, a NASCAR track and plenty of entertainment and shopping.

The Chiefs relocating across the border would be a huge boon to Kansas. The Chiefs probably wouldn’t even have to change their name.

But, it’s uncertain if the Chiefs would even be willing to consider such a move, whether the NFL would approve it or if the tax revenue they’re putting aside from sports betting would be enough to lure them.

The Kansas City Royals of MLB — who also play in neighboring Missouri — could possibly be a target as well.

The Sports Betting Law

Kansas’ proposed sports betting law is on the more progressive side, compared to some other states. Bettors would have to be at least 21 years old to participate. While betting on dog racing will not be allowed, wagering on professional sports, college sports, motor racing events and other special athletic events will be allowed.

Sportsbooks will be able to operate out of retail locations at the four casinos located throughout the state. In addition, each casino can partner with up to three online sportsbook operators. Bettors will be able to place sports wagers via computers and mobile devices, and will be geolocated before being able to proceed.

In addition, Native American tribes in the state can mend their own gaming compacts to allow for online and retail sports betting within their facilities.

In total, the state’s bill would allow for 50 total partnerships that can be struck for professional sports franchises and retailers, where betting kiosks will be allowed to be set up.

The only professional sports team in Kansas is Sporting KC, but state legislators hope the tax revenue they’ll get from legalized sports betting will soon change that.

What do you think?

  • 0
  • 0
  • 0
  • 0
  • 0
  • 0
  • 0
  • 0
Loading ... Loading …

Related Articles

Kansas Legalizes Sports Betting, But Lawsuit Stands in the Way Kansas Legalizes Sports Betting, But Lawsuit Stands in the Way
May 17, 2022
Bettors Backing Philadelphia Eagles Following 2022 NFL Draft Haul Bettors Backing Philadelphia Eagles Following 2022 NFL Draft Haul
May 11, 2022
The Big One is Coming- California to Vote on Legal Sports Betting The Big One is Coming: California to Vote on Legal Sports Betting
May 04, 2022
Georgia's Travon Walker Rising Up Board for Next Week's NFL Draft Georgia’s Travon Walker Rising Up Board for Next Week’s NFL Draft
Apr 21, 2022
Illinois Removes Barrier to Online Sports Bets, and It Pays Off Illinois Removes Barrier to Online Sports Bets, and It Pays Off
Apr 13, 2022
Los Angeles Dodgers Huge World Series Favorites for MLB Season Los Angeles Dodgers Huge World Series Favorites for MLB Season
Apr 07, 2022
Best WWE Entrance Songs 20 Best & Most Electrifying WWE Wrestling Entrance Songs
Apr 04, 2022
Bettor Nets Huge $43,000 Win with Incredible Final Four Parlay Bettor Nets Huge $43,000 Win with Incredible Final Four Parlay
Mar 29, 2022
The 30 Worst & Most Gruesome Sports Injuries of All Time Post Thumbnail The 30 Worst & Most Gruesome Sports Injuries of All Time
Mar 28, 2022
Tim Ronaldson
Lady Liberty
Tim Ronaldson Avatar
Tim Ronaldson is a writer, blogger and marketer. He loves all things sports, especially covering the sports betting industry. He joined the AmericaGambles Team 2020 and is mainly responsible for columns and extensive reportage articles.
About / Advertising Disclosure
Previous Post Thumbnail
Previous Article
Next Article
Next Post Thumbnail