Illinois Sets New Record, Approaches Half-A-Billion Wagered On Sports In December

In December, Illinois sportsbooks recorded bets totaling$ 491.7 million, breaking still another quarterly report for the state.

It’s a jump of $42.5 million over November when sportsbooks posted a $449.2 million handle.

Sports betting operators made$ 28.4 million, or$ 3.6 million in state tax revenue. 5.8 % of the entire handle was held by casinos.

Illinois held firm as the No. 4 sports betting state in the US. Pennsylvania, which is third, posted $548.6 million in December handle.

Illinois is making progress in Pennsylvania, and it appears probable that it will quickly enter the top spot. 3 position in a short while.

What is the most probable cause of the month-over-month control increase? In December, there was a busier activities timeline.

In addition to the NFL, college football bowl season took place in the final month of 2020. College basketball was also in action for the entirety of December, while the NBA began its season on Dec. 22.

By contrast, college basketball was only in play for the last week of November, while there was no NBA. Bowl games also attract more wagering action than typical college football slates.

As a result, of the$ 491.7 million handle, college sports collectively account for$ 167.2 million. That was the highest picture ever recorded in Illinois, at 34 %.

And right now, Illinois residents can’t bet on their own collegiate teams. However, a recent bill could change that by the end of 2021.

December profits for Illinois sportsbooks

Here’s a list of every Illinois sportsbook and their December numbers.

DraftKings	$ 195.4 million
FanDuel	$ 144.4 million.
BetRivers	11.2 million
PointsBet	$ 32,000,000
Hill, William	$ 8.6 million
Alton’s Argosy Casino	N/A
Joliet at the Hollywood Casino	N/A
Aurora Hollywood Casino	N/A

Once again, DraftKings led the way in handle. FanDuel and BetRivers claimed the No. 2 and 3 spots, and there was a large gulf in between third and fourth place.

FanDuel finished ahead of BetRivers in tackle for the first time.

Wholesale casinos were closed for the entire month of December, just so you know. Even though online gambling is much more popular, it only slightly affects overall control.

In October, for instance, Illinoisans bet $24.8 million at retail sportsbooks. That number dipped to $15.5 million in November, when COVID-19spiked in Illinois.

That amount fell to zero in December. Therefore, it is likely fair to add at least another$ 25 million or so when accounting for retail betting when projecting the Illinois total going forward.

Casinos reopened in late January, so we likely won’t see much of an impact in the next report. Come February, though, we’ll start to see the difference.

We as well We already know that Illinois won$ 45.6 million in Super Bowl wagers, so February & rsquo’s report will be intriguing on a few levels.

When does Illinois see the arrival of new users?

Around five months have passed since the launch of a new online casino in Illinois.

Fresh operators would also support the cause, even though the control is still expanding as a result of market maturity. Consumers in Illinois have significantly fewer options than those in other similar states thanks to just five online sportsbooks.

At least one more sportsbook should be on the way soon. Penn National Gaming CEO Jay Snowden says Barstoolplans to go live in Illinois in time for March Madness, which is just a few weeks away.

Of all, that statement is never final. However, Penn now holds its license, so there is no longer a governmental obstacle to overcome.

The BetMGM Illinois sportsbook and Unibet sports app also plan to launch in IL in 2021, but both still need Illinois Gaming Board approval.

Both of them are pending candidates. While BetMGM needs FanDuel & rsquo’s license transfer to be finalized before it can assume the Par – A. Dice Casino license, Unibet has a market access agreement with Argosy Casino Alton.

Illinois is probably achieve a new ceiling once it gets close to double-digit operators.

For the time being, third place in a matter of weeks isn’t too bad.