Kansas Sportsbooks See Rising Handle in October

Here at iGamblingNow.com, we bring you the latest sportsbook news to help you understand the sports betting market better. You can see the many trends and developments in sports betting, something every bookie should know. And today, we are giving you a closer look at Kansas sportsbooks, and their sports betting numbers for October.

As most of you who use a bookie pay per head software know, October is very good month for US sports betting. This is because it is a month where more professional and college sports leagues overlap, giving bookies more games and betting opportunities to offer to their players.

Bettors saw the end tail of baseball betting season with the MLB playoffs and the World Series. Fans were also able to see the NFL and college football settle into the regular season. Then, the NBA and the NHL also started their season. In addition, preseason betting for college basketball also starts in October since the season begins in the first week of November.

Kansas Sportsbooks See Increase in Revenue as Well

And for sportsbooks in Kansas, this brings them an increase in their monthly total sports betting handle. According to the Kansas Lottery, sportsbooks have a $249.7 million handle. This is higher than September’s $219.2 million. The increase in betting activity comes from both online sportsbooks and retail sportsbooks.

But the handle is not the sole indicator of the much-improving market. The revenue for the month is also increasing. From September’s $8 million, revenue jumps by nearly 80% to $14.3 million. These are the kinds of numbers and trends that you will want to see reported in your sportsbook software.

The increase in revenue is not just due to the increase in handle. Sportsbooks have a 10.2% hold percentage for the month, finally hitting the double-digit mark again after September’s 8.3%. the hold percentage tells us how much sportsbooks get to keep after giving out payouts or winnings to players. So if the numbers are lower, then it means players won more than sportsbooks did. As a Bookie, you will want to see a double-digit hold percentage to at least guarantee you a profitable month in sports betting.

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