2021 Illinois Sports Betting Numbers: Breaking Down Key Stats From A Banner Year
We are fresh off of the first full year of Illinois sports betting, and as expected, it was a big one.
Illinois recorded more than $7 billion in total sports betting handle. Operators made almost half a billion in revenue, resulting in $84.7 million in state and local taxes.
All of the numbers are enormous and small in comparison to what we & rsquo will see in the future.
The IL sports betting market will look a lot different in the coming years. By March 5, in-person registration will go away. We already know BetMGM Sportsbook in Illinois is launching soon, and other sports betting apps are likely on the way.
So, the end of 2021 is a key snapshot in time. From every angle, we’re breaking down the final sports betting numbers of the year ( Jump to rest of the story here.):
The most well-liked game was basketball, right?
What gives when sports is known as the king of sports bets?
There are several possible explanations for this. Second, compared to basketball, hockey has a volume advantage.
The Super Bowl may be the most popular sports betting day on the calendar. But March Madnesstrumps it in terms of overall handle, revenue, etc., because of the sheer amount of games.
It & rsquo is a similar concept to the football vs. basketball comparison, though it’s not an exact comparison. The NBA takes up a lot more of the sporting calendar than the NFL, and the school basketball time is longer than college football season.
The NBA year typically lasts for about eight weeks. The NFL period lasts for a little over five weeks, and even though the last few games are incredibly well-liked, they are still just that — game.
The weirdness of the 2021 timeline also has an impact on this. The NBA period began in late December 2020 and didn’t finish up until July( it typically ends in June ) due to COVID – 19 delays. During that period, the NBA added a ton of sports.
It will be fascinating to see if sport closes the basketball gap in a typical year. The training here is to not undervalue size, though.
DraftKings and FanDuel are in charge.
They collectively constituted 67.1 % of the 2021 sports wagering control in Illinois. Those are ridiculous figures.
However, it’s possible that they’ll decline in 2022 and above. There will be more bookmakers opened, which may boost competition. Barstool and Caesars by William Hill will also have more opportunities to sign up new customers when online subscription results. Barstool stands to gain a lot from cellular membership in particular.
While DraftKings led the state in handle, FanDuel was first in revenue. Why? The main reason was parlays, where FanDuel is the market leader. Parlays have a high margin for sportsbooks, and Illinoisans bet In 2021, they will be worth$ 1. 5 billion.
More estimates and anecdotes about Illinois
Last month, sports betting brought within$ 84.7 million in total tax revenue. That sum ought to reach$ 100 million in 2022.
In the meantime, technician income reached$ 534.1 million in 2021. Expect that number to fluctuate between there and$ 1 billion the following year.
Even though Illinois had in-person register for the majority of 2021, mobile gambling was still by far the most widely used way to make bets. Last year, online bet accounted for a staggering 95.4 % of the handle.
Although that amount is likely to remain constant in 2022, it demonstrates how much space there is for expansion in other areas. There are probably many people out there who, if it were possible, would register for a casino online but would not be prepared to do so at the physical sportsbooks.
Our market may not beNew York-sized, but prepare to see some jarring sports betting numbers out of the Land of Lincoln in 2022.