Illinois Sets Brand-new Records For Monthly Sports Betting Handle, Revenue
The Illinois Gaming Board reported a November handle of $1.53 billion, the most ever bet for the 2nd successive month. Sports betting operator income of $154.6 million also set a brand-new monthly high and eclipsed the previous record of $137.2 million from September 2024.
Action in Illinois throughout a high-volume sports month that consisted of NFL, college football, NBA, NHL, and college basketball increased 11.3% year-over-year. Revenue jumped 112.6% from November 2023.
The 10.1% hold in November reached double digits for the 4th time in 2024 and almost doubled the win rate from the very same month of the previous year.
Online sportsbooks accounted for $1.49 billion of the Land of Lincoln deal with and produced a 10.1% hold while retail sports betting operators created $39.2 million in wagers and $3 million in revenue.
Illinois sports wagering created $48.2 million in tax profits, while Cook County received $1.5 million from sports wagering in the Chicago location.
Monthly improvement
Illinois operators rallied in November. With NFL favorites winning unprecedentedly throughout a stretch in October, year-over-year profits fell by 27.8%.
Profits jumped 90% from October to November on a deal with enhancement of 6%. Sports betting operators produced a 2.8% hold on football wagers and an 8.6% win rate on parlays, the lowest in more than four years.
In November, football accounted for $25.2 million of the overall earnings, thanks to a 61% hold, while parlays reached a nearly 20% win rate to make sportsbooks $93.7 million.
Big earnings
DraftKings set Illinois regular monthly records with a $527.1 million deal with and earnings of $57.3 million. FanDuel wasn't far behind with $512.4 million in wagers and $54.7 million in profits, the most it has actually ever carried in as an Illinois operator.
The Illinois Gaming Board reported a November handle of $1.53 billion, the most ever bet for the 2nd successive month. Sports betting operator income of $154.6 million also set a brand-new monthly high and eclipsed the previous record of $137.2 million from September 2024.
Action in Illinois throughout a high-volume sports month that consisted of NFL, college football, NBA, NHL, and college basketball increased 11.3% year-over-year. Revenue jumped 112.6% from November 2023.
The 10.1% hold in November reached double digits for the 4th time in 2024 and almost doubled the win rate from the very same month of the previous year.
Online sportsbooks accounted for $1.49 billion of the Land of Lincoln deal with and produced a 10.1% hold while retail sports betting operators created $39.2 million in wagers and $3 million in revenue.
Illinois sports wagering created $48.2 million in tax profits, while Cook County received $1.5 million from sports wagering in the Chicago location.
Monthly improvement
Illinois operators rallied in November. With NFL favorites winning unprecedentedly throughout a stretch in October, year-over-year profits fell by 27.8%.
Profits jumped 90% from October to November on a deal with enhancement of 6%. Sports betting operators produced a 2.8% hold on football wagers and an 8.6% win rate on parlays, the lowest in more than four years.
In November, football accounted for $25.2 million of the overall earnings, thanks to a 61% hold, while parlays reached a nearly 20% win rate to make sportsbooks $93.7 million.
Big earnings
DraftKings set Illinois regular monthly records with a $527.1 million deal with and earnings of $57.3 million. FanDuel wasn't far behind with $512.4 million in wagers and $54.7 million in profits, the most it has actually ever carried in as an Illinois operator.