Illinois Easily Blows Past $500 Million Handle In January Sports Betting

Illinois set yet another monthly report by posting$ 581.6 million in the sports betting tackle in January.

In January, Illinois sportsbooks recorded a record profit of $47.9 million, resulting in a total state tax income of $7.1 million.

The Land of Lincoln continues to be the fourth largest sports betting state in the US. Pennsylvania, ranking third, reported a $615.3 million handle in January.

In December, Illinois recorded $491.7 million in wagers. The NFL Playoffs, College Football Playoff, NBA, NHL, and college basketball contributed to another significant increase in both handle and revenue for IL.

The recent January figures confirm that Illinois has now achieved an all-time sports betting control of $2 billion, marking another significant milestone.

Recently, the Prairie State celebrated its first year anniversary of sports betting, which has been a year full of ups and downs.

However, its success is also attributed to online registration, which has elevated Illinois to one of the leading sports betting states in the country.

Illinois activities gambling revenue, according to a casino

Casinos resumed operations in early January after an extended closure due to COVID-19. According to & nbsp, the retail handle constituted about $6.3 million of the pot.

98.9% of the revenue was generated online, which was expected considering that the gambling facilities were closed for most of the month.

The comprehensive data from the casino regarding sports betting 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
Par-A-Dice	FanDuel	$173,480,933	$173,346,161	$134,771	$16,890,680	$2,514,187	$178,071
Rivers	BetRivers	$112,737,857	$108,990,832	$3,747,025	$10,807,475	$1,615,643	$135,856
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
Argosy	N/A	$707,080	$0	$707,080	$103,761	$11,744	$0
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
Total		$581,553,300	$575,232,466	$6,320,834	$49,365,489	$7,191,795	$479,052

FanDuel made more money, even though DraftKings was clearly the dominant player.

In January, FanDuel made a profit of $16.9 million in Illinois, while DraftKings earned $16.4 million. Despite topping the handle in the state for four consecutive months, DraftKings has not yet led in revenue.

Did Barstool cause a stir?

Barstool Sportsbook is scheduled to debut in Illinois on Thursday and is expected to become a significant participant in the state.

It boasts a loyal following in Chicago and has achieved success in Michigan and Pennsylvania. In both regions, barstool ranks among the top three choices.

Did it rank among the top three in Illinois? While it may not happen immediately, it’s easy to envision it surpassing BetRivers at some point.

Both FanDuel and DraftKings increased their handles by at least $29 million from December to January. In contrast, BettRivers essentially remained stagnant, not considering the Barstool component.

The Illinois industry is still being boosted by online registration.

Following a few income reports that may have lowered expectations, the handle in Illinois increased by approximately $90 million between December and January.

Had everything proceeded as planned, none of this could have occurred. Additionally, for the initial 18 months, in-person membership was implemented.

Despite record low COVID-19 case positivity rates in Illinois, Gov. JB Pritzker extended his executive order last week, permitting online registration once again.

At this stage, it’s hard to envision going back to in-person registration. The delivery service was slated to terminate in September, but even without it, the industry is thriving.

Anticipate seeing an increase in large figures in February, incorporating the Super Bowl. It is already known that the big game saw Illinoisans place bets amounting to $45.6 million, a figure that can be added to any initial forecasts.