Illinois Sports Betting ‘Off To A Good Start’ With $435 Million In Handle

In October, Illinois continued its outstanding sporting gambling streak with a record of$ 434.6 million in control.

As anticipated, the figure reached an unprecedented high, a significant increase from $305.2 million in September. MarcusFruchter, administrator of the Illinois Gaming Board, expressed during Thursday’s meeting that sports betting in Illinois has had a promising beginning.

Illinois is currently the fourth state in America to offer sports betting without question, and it is advancing towards surpassing Pennsylvania to claim the third spot. Despite being the least developed of these areas, it managed to surpass New Jersey, Nevada, and Pennsylvania in October.

In October, no new online sportsbooks were launched. However, it was the first month that all five Illinois mobile books — DraftKings, BetRivers, FanDuel, PointsBet, and William Hill — were active for the whole month with remote registration.

In 2021, it’s likely that more will join the fray in Illinois, including Barstool, Unibet, and BetMGM sports.

As strange as it might seem, the COVID-19 pandemic is actually assisting the Illinois online sports betting industry in the meantime.

Online registration was not expected to become commonplace until at least late 2021. However, due to the health risks of visiting a casino, we have implemented smart registration in Illinois since late August.

That’s a victory for both consumers and sportsbooks.

BetRivers is usurped by DraftKings for the No. a single location

Let’s examine the performance of each Illinois sportsbook in October.

Keep in mind that while Illinois casinos are currently shut down, they were operational in October. Therefore, the retail handle is incorporated in the following figures.

Sportsbook	Handle
DraftKings	141. 4 million
BetRivers	$ 115,5 million
FanDuel	$ 105.6 million.
PointsBet	$ 60.8 million.
Hill, William	$ 5. 6 million
Alton Argosy Casino( retail only )	$ 3. 1 million
Joliet at the Hollywood Casino( retail only )	$ 1. 4 million
Aurora Hollywood Casino( retail only )	$ 1. 2 million

Undoubtedly, DraftKings has come a long way since its launch in Illinois in August.

DraftKings has rapidly closed the gap on BetRivers, which had an 84% market share that month. Although BetRivers will continue to be a significant player in Illinois for a prolonged period, DraftKings has now secured the leading position.

The partnership with the Chicago Cubs, which is likely to materialize in 2022, should also offer a future boost.

PointsBet and William Hill are still far behind the top three, however, PointsBet made considerable progress in its first full month online. FanDuel remains stable at the third spot and is closing in on BetRivers.

October was a bustling period on the sports calendar, which also coincides with the quarter of sports gambling.

Besides the NFL, Big Ten football also started, with Illinois being at the center of Big Ten territory. However, betting on Illinois colleges is not allowed in the Land of Lincoln.

Another unusual event in 2020, the NBA Finals, also took place in October. Similarly, the MLB quarterfinals occurred as scheduled in October. Therefore, for the sports enthusiasts in Illinois, there was no shortage of excitement.

A total profit of $42.2 million was made by sportsbooks. From sports betting, Illinois generated a tax revenue of $6.4 million and Cook County’s tax revenue was $477,000.

Approximately $355 million was bet on professional sports through the tackle, with the remaining funds coming from school sports.

How does Illinois stack up against another says?

As previously stated, the Illinois sports betting market is thriving. We are also still in the early phases of its development.

The states with the best control in October were:

1. $813.1 million (New Jersey)
2. Nevada($ 660,000,000 )
3. Pennsylvania (525.8 million)
4. Illinois ($434.6 million)
5. Indiana’s($ 230.9 million )
6. Colorado’s($ 210.7 million )

The population of Illinois and Pennsylvania is almost the same, with Illinois steadily catching up to Pennsylvania. Sports betting has been present in Pennsylvania for approximately two years, in contrast to its recent introduction in Illinois, which was just a few months ago.

This regular manage number should continue to rise.