Jumer’s Casino & Hotel Applies For Retail Sports Betting License

A sports wagering owners license has been requested by Jumer & rsquo, a casino and hotel.

Should the approval be granted, it will be the eighth casino in Illinois to provide retail sports betting. Currently, Harrah’s Joliet and Harrah’s Metropolis are the only two casinos that have not sought a sports betting license.

Jumer’s, currently under the ownership of Bally Corporation, has not yet applied for a mobile license. However, it is highly likely that they will do so in the future.

In October, Delaware North sold Jumer’s to Twin River Holdings for $120 million. Twin River has since rebranded to Bally’s Corporation.

The company is fulfilling its initial goal of penetrating the Illinois sports betting market.

Bally & rsquo has a history of favoring sports betting.

At the time of the Jumer & rsquo sale, Twin River’s President and CEO, George Papanier, issued the following statement:

& ldquo, This acquisition broadens our geographic reach to yet another alluring market. It gives users access to a burgeoning gambling market in andnbsp, Illinois, where they can take advantage of potentially beneficial sports betting opportunities. We are excited about the chance to increase progressive revenues and cash flow by utilizing our administrative expertise and tried-and-true integration strategy. & rdquo,

Bally’s also purchased Bet.Works, a sports betting platform supplier, for $125 million in November.

Bally & rsquo is definitely committed to venturing into the sports betting market, it’s safe to say.

Bally & rsquo is set to take control of 21 regional Fox Sports Network channels. However, this change won’t significantly impact Illinois as NBC Sports Chicago traditionally broadcasts local games.

The relationship between PointsBet and NBC Sports Chicago has been successful.

“This is ‘the next step in our company’s evolution,’ believes Soo Kim, the Chairman of Bally’s.”

“By integrating Bet, the newly acquired Bally brand, and our expanding national casino network, we have rapidly transformed from a local casino operator into the first US gaming company committed to offering our customers a comprehensive experience. This was made possible through the use of Works’ unique technology stack.”

Currently, Illinois is home to five smart casinos. These include:

• DraftKings
• BetRivers
• FanDuel
• William Hill
• PointsBet

BetMGM Sportsbook, Unibet, and Barstool are all planning to enter the Illinois market in the upcoming months.

It seems that Bally is next in line after that trio. However, there is still a lot of work to be done before a mobile launch of Bally is possible.

However, Jumer could receive approval for a retail sportsbook at some point in 2021.

What are the results of Illinois financial casinos?

Online betting significantly drives revenue for sportsbooks, however, there is also substantial consumer interest in the retail sports betting product.

Since their inception, retail sportsbooks have amassed $67 million in bets, not accounting for the figures from November.

Currently, the most popular financial betting is situated at Rivers Casino, located just outside Chicago. It recorded a handle of $42.8 million.

Located just outside of St. Louis, Argosy Casino Alton ranks second on the list. Argosy, only accessible offline until Unibet launches its online platform, has managed bets totaling $8.7 million.

In the short term, That would be a more suitable comparison to Jumer, as it is likely to establish an actual sportsbook prior to launching online.

Jumer’s has been included in the list of potential Sports Wagering Owners License applicants for Fairmount Park. If Fairmount’s application is approved, FanDuel Sportsbook and Horse Racing may take over.

Jumer & rsquo,s is located in Rock Island, Illinois, one of the Quad Cities on the Iowa border. The Quad Cities as a whole have a population of approximately 380,000 people.

As Gov. JB Pritzker continues to ease COVID-19 restrictions in Illinois, the casino reopened on Saturday.