Bowl Bets Great But Not Super: Illinois Sportsbooks See 25% Increase In Super Bowl Wagers
The Illinois Gaming Board (IGB) released the Super Bowl betting numbers, and Illinois sportsbooks fared well once again.
Illinois residents placed a total of$ 60.5 million wagers on the Rams vs. Bengals Big Game. State tax revenue totaled$ 1.43 million as a result of the$ 9.5 million profit at IL sportsbooks. That was good for a hold rate of 15.7 %, which is significantly higher than industry standards.
In the Super Bowl between the Buccaneers and the Chiefs last month, the total purse was$ 45.6 million. The earnings for users was$ 7.66 million.
For the majority of casinos, the Super Bowl result was the best-case situation. Although the Bengals were a very well-liked sportsbook wager, the Rams had more money available for the spread. Therefore, operators also benefited greatly from a small Rams victory.
The majority of the control came from cellular bet, as is typically the case. The majority of the handle, or 90.4 %, was created online.
less development than anticipated?
Illinois has had in-person sports betting registration since April. That hasn’t seemed to hinder revenue numbers in general, but a $60.4 million Super Bowl figure may appear underwhelming compared to last year.
The latest monthly revenue report we received was from December 2021. Between December 2020 and December 2021, handle grew by almost 40%. Year-over-year Super Bowl handle only spiked about 25%.
Based on the schedule of when Gov. JB Pritzker returned with a physical membership. Illinoisans only had about two weeks to open online transactions following last year’s Super Bowl before Pritzker suspended the executive order.
By March 5th, in-person membership will no longer be accepted. As a result, we may anticipate significant progress for the Super Bowl next year.
Cuts of the Super Bowl by betting
For each casino in Illinois, the IGB also made available sports gambling splits. Here are the phone numbers for online casinos: & nbsp
- Sportsbook:$ 21. 5 million
- FanDuel:$ 17 million
- BetRivers:$ 9.6 billion
- $ 5 million is the bet.
- Barstool:$ 4. 8 million
- William Hill’s Casino:$ 1.8 million
The last tackle was from a physical sportsbook.
There will be more casinos soon.
Illinois, one of the largest state in the US for sports betting, lacks a large number of casinos. But that ought to alter in 2022.
Additionally, there are three anonymous website candidates, and their identities may quickly be made public. A few names to watch out for include Bally Bet, & nbsp, Unibet, theScore Bett, WynnBET, Golden Nugget, and FOX Bet.
Ultimately, it’s challenging to dismiss sports betting odds in Illinois. But the state & rsquo’s full potential should be revealed in 2022 and beyond.