Illinois Easily Blows Past $500 Million Handle In January Sports Betting
Illinois sportsbooksJanuary saw a record profit of$ 47.9 million. As a result, state taxes income totaled$ 7.1 million.
The Land of Lincoln remains the No. 4 sports betting state in the US. Pennsylvania, which is third, posted a $615.3 millionhandle in January.
In December, Illinois took in $491.7 million worth of wagers. Thanks to the NFL Playoffs, College Football Playoff, NBA, NHL and college basketball, IL made yet another sizable jump in both handle and revenue.
With the January figures, Illinois has now reached$ 2 billion in the all-time sports betting control, which is another significant step.
The Prairie State recently had its one-year sports betting anniversary, and it’s been a tumultuous year.
However, it & rsquo has also been successful because online registration has made Illinois one of the top sports betting states in the country.
Illinois activities gambling revenue, according to a casino
Casinos reopened in soon January following a protracted COVID-19-related closure. Retail handle made up about$ 6.3 million of the pot, according to & nbsp.
On 98.9 % of the handle was generated online, though that was to be expected given that gambling weren’t open for the majority of a month.
The complete sports wagering data from the casino was as follows:
|Licensee||Online Company||Handle in full||Handle Online||Shop Manage||Full Income||Express levy||Local Income Taxes|
|King of the Blackjack||DraftKings||$244,196,209||$243,538,843||$657,366||$16,423,303||$2,334,761||$154,716|
|Racetrack at Hawthorne||PointsBet||$40,591,090||$40,439,434||$151,657||$4,412,405||$630,133||$7,247|
|Queen Victoria||Hill, William||$9,270,978||$8,917,196||$353,782||$616,486||$73,260||$3,162|
|Joliet from Hollywood||N/A||$309,047||$0||$309,047||$73,440||$9,001||$0|
|Aurora in Hollywood||N/A||$260,106||$0||$260,106||$37,939||$3,065||$0|
FanDuel brought in more money, despite DraftKings being by far the control head.
FanDuel profited $16.9 million in IL in January, while DraftKings profited $16.4 million. DraftKings, despite leading the state in handle for four straight months, has still yet to lead in revenue.
Did Barstool cause a stir?
Barstool Sportsbook is set to launch in Illinois on Thursday, and it figures to be a player in Illinois.
It has a loyal Chicago next and has done well in Michigan and Pennsylvania. In both areas, barstool is a top-three choice.
Did it make the top three Illinois rankings? It might not happen right away, but it’s simple to see it jumping BetRivers at some point.
FanDuel and DraftKings both raised their handles by from December to January, at least$ 29 million. BettRivers & rsquo, in essence, remained flat, and without the Barstool component.
The Illinois industry is still being boosted by online registration.
The Illinois handle increased by around$ 90 million between December and January following a few income reports that may have dampened expectations.
If everything had gone according to plan, none of this would have been possible, and for the first 18 months, in-person membership was in effect.
It’s difficult to imagine returning to in-person register at this point. The delivery was supposed to end in September, and even without it, the industry is flourishing.
Expect to see more big numbers in February, which will include the Super Bowl. We already know that Illinoisans bet $45.6 million on the big game, so we can tack that on to any baseline projections.