A sports betting loophole is costing Kansas a lot of money
The month the Chiefs won the Super Bowl, Kansans made $194 million in wagers. Yet the state only got $1,134 in revenue. That's because of how Kansas' new sports betting law is structured, which lets casinos write off significant promotional expenses.
The structure of tax laws set for sports betting in Kansas lets casinos write off significant promotional expenses, including their "free" wagers.
Host Nomin Ujiyediin sat down with Wichita Beacon reporter Marco Schaden to learn more about the laws that sports betting lobbyists help to pass, how much money the state is collecting and where that money is going.
Kansas City Today is hosted by Nomin Ujiyediin. It is produced by Paris Norvell, Byron Love and KCUR Studios and edited by Gabe Rosenberg and Lisa Rodriguez.
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