Illinois Sets Record With Nearly $1 Billion In March Sports Betting Wagers

Written By Staff on May 9, 2022
Illinois sports betting sets new record with nearly $1 billion in March wagers

According to Play Illinois, March Madness and the elimination of the in-person membership criteria set a record-breaking month.

(LAS VEGAS) — Wagering at Illinois sportsbooks surged to nearly $1 billion in March, setting a fresh state handle record. Sportsbooks also produced record revenue, buoyed by NCAA Tournament betting and the removal of in-person registration requirements, according to Play Illinois, which tracks the state’s regulated online gaming and sports betting market.

According to Jake Garza, analyst for, & ldquo, March Madness, and the removal of in-person registration proved to be a potent combination. This is what a less constrained market in Illinois looks like, & ldquo. & rdquo,

According to official data released on Monday, sportsbooks placed$ 971.3 million in wagers in March, a new record and an increase of 53.3 % from$ 633.6 million from March 2021. The handle broke the previous record of$ 867.5 million in bets in January, and it was also up 43.0 % from$ 679.4 % in February, thanks to$ 278.4 million’s wagering on the NCAA Men & rsquo, s Basketball Tournament, March & risquo.

Sportsbooks won $79.4 million in gross revenue off of March’s bets, up 59.2% from $49.9 million in March 2021 and up 155.6% from $31.1 million in February. The previous record for monthly revenue was $78.2 million in November 2021. The win generated $9.8 million in state and local taxes.

March was the first month of betting following the permanent removal of in-person registration rules for online betting, which went into effect on March 5. Now bettors no longer need to register at a retail sportsbook, which was inconvenient enough to dissuade a significant number of would-be bettors and hold the market back.

The state & rsquo, s sports betting industry should continue to make a significant lurch forward compared to last year, according to Eric Ramsey, an analyst for the Network, which includes Play, even with the inevitable seasonal slowdown that starts in April. & ldquo, It wouldn’t be too shocking if Illinois surpassed all other markets in the United States by the start of football season. & rdquo,

In March, online betting accounted for$ 927.5 million, or 95.5 %, of all bets. With$ 315.3 million in net and financial bets, including$ 310.7 million, FanDuel was in the lead among all users. With a combined online and retail handle of$ 289.2 million, including$ 284.2 million in online bets, DraftKings came in second.

In March, sports, which competes in NCAA games for men, women, and women as well as the NBA, drew a staggering$ 554.3 million in straight bets. Tennis was the next most common wager, with$ 64 million in bet, after parlay betting.

March will be the last significant month until football season, according to & ldquo, without football or college basketball to spark interest in the upcoming months. However, the NBA playoffs, & ldquo Even if we have to wait until September for the state & rsquo’s first$ 1 billion month, baseball and significant golf tournaments will keep bettors interested. & rdquo,

For more, visit

Image by Dreamstime
Staff Avatar
authored by


View all posts by Staff