Chiefs Bettors Enjoy Massive Profit Over Kansas Sportsbooks

by | Feb 28, 2023 5:46 pm | Regulatory | 0 comments

Chiefs Bettors Enjoy Massive Profit Over Kansas Sportsbooks

Kansas Sportsbooks

  • Kansas sportsbooks reported heavy losses following the Super Bowl win by the Kansas City Chiefs.
  • Retail venues like the local casinos took the brunt of damage, reporting a -77.2% return on bets, online operators were better off but still lost nearly $13 million.
  • This Super Bowl was the first able to be bet on in Kansas after sports betting launched in September of 2022.

KANSAS CITY – This February the Kansas City Chiefs won the Super Bowl, but fans in Kansas were celebrating more than just the victory as they lined their pockets with almost $15 million from sportsbooks.

Pennsylvania operators on the other hand were quite happy with substantial profit of close to $30 million.

A couple of Kansas sportsbooks have even dipped into the negatives for AGR, meaning they are carrying their substantial losses into February. Legal betting sites are surely hoping for better days in the near future while bettors celebrate their plentiful winnings.

A Rare Victory for Bettors Against the House

One of the most recognizable phrases in gambling is “the house always wins” yet sometimes, rare occurrences are bound to happen. That is exactly what transpired shortly after the Chiefs won Super Bowl LVII, with sportsbooks falling to their knees after having to payout massive amounts of winning plays.

Including futures bets, just under $25 million total was wagered on the game. A bit over $22 million of that was reported to be from online operators while $2.4 million came from in-person retail bets at the various state-sponsored casinos.

Casino’s took immense losses after having to payout over four million dollars total, resulting in an almost two million dollar net negative for just the Super Bowl, a whopping -77.2% return. A marginally more favorable outcome for online sportsbooks saw them pay out $35 million after taking in $22.3 million in bets, good enough for a -56.7% return.

Huge bets that cashed in with odds as high as +35000 characterized the abysmal day for sportsbooks. Even Kansas Governor Laura Kelly won the first wager placed in Kansas after she made a $15 NFL futures bet for the Chiefs to win the Super Bowl, netting her $150 in profit that she would go on to donate to Patrick Mahomes’ charity organization.

Past this fun fact, there were various bets that caused serious damage to Kansas sportsbooks such as a $20 wager at +35000 odds for the final score to be 38-35 Chiefs, which won a massive $7000. The biggest straight bet won was a $12,000 live bet for the Chiefs to win at +330 odds, which netted $39,600 in winnings.

The biggest parlays won included a $300 wager on the single game combination of Travis Kelce, A.J. Brown, Isiah Pacheco touchdowns along with the over 50.5 points and Chiefs spread of +1.5; all of this amounted to a $6,536 payout.

Last but certainly not least was a $300 three leg parlay that predicted the Houston Astros to win the World Series, the Georgia Bulldogs to win the NCAA National Championship, and the Chiefs to win the Super Bowl. That bet generated an unreal $30,000 win that perfectly encapsulated the triumph of Kansas bettors as David over the Goliath sportsbooks.

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