Illinois Sportsbooks Set $1.03 Billion Handle Record in November
The latest Illinois sports betting numbers are out today from the Illinois Gaming Board and November was another record-breaking month.
In October, Illinois sports betting handle topped $1 billion for the first time. In November, a record $1.03 billion was bet, though it was up just $5,526 (0.05%) from October’s handle of $1.029 billion.
That makes it back-to-back billion-dollar months for the Prairie State.
Illinois ranked third in monthly handle in November just $7.2 million behind New Jersey ($1.1 billion), but more than half-a-billion dollars behind New York ($1.6 billion).
The record handle in Illinois was driven most by betting on the NFL, NBA, World Cup and NHL.
Illinois is just the fourth state that has handled more than a billion dollars in sports bets in a month. The others are New York, New Jersey and Nevada.
Prior to October handle of $1.029 billion, the previous Illinois sports betting handle record of some $971 million was set in March of 2022.
Illinois sports betting handle up 82% since August
The growth is mostly attributable to a change in legislation.
In March of this year, legislation came into effect allowing Illinois residents to sign-up online for sportsbooks, rather than doing so at one of the state’s land-based casinos. The decision to allow residents to register online with one of the state’s seven legal sportsbooks has been a boon to the industry.
IL sportsbook revenue ranked second in US in November
In terms of gross gaming revenue, Illinois was second in the United States with nearly $97 million in November.
That amount easily exceeded New Jersey’s revenue of $80.4 million. New York was the revenue king in October with more than $149 million.
November revenue is up 6% compared to October (more than $91.5 million), up 16% from September ($83.5 million) and up 50% from August revenue of ($64.6 million).
Year-to-date through November, Illinois is also second in the US in revenue (nearly $725 million) and third in handle (over $8.7 billion).
For all of 2022, we strongly believe Illinois will fall just shy of the $10 billion mark in handle once December numbers are released in a month’s time.
Illinois sports betting revenue – November 2022
|Casino Queen East St. Louis||DraftKings||$324,155,225||$27,035,478||8.3%||$4,291,515|
|Rivers Des Plaines||BetRivers||$113,431,853||$9,422,914||8.3%||$1,530,356|
Illinois sports betting surpasses Pennsylvania lifetime
With more sportsbooks coming soon to Illinois, the future is bright for the industry.
In November, the Prairie State surpassed Pennsylvania in sports betting revenue and is close to passing PA in handle.
Lifetime sports betting revenue ranking (through November):
- New Jersey — nearly $2.3 billion
- Nevada — over $1.6 billion
- Illinois — $1.41 billion
- New York — $1.4 billion
- Pennsylvania — $1.396 billion
Lifetime sports betting handle:
- New Jersey — over $32.6 billion
- Nevada — over $28.6 billion
- Pennsylvania — over $18 billion
- Illinois — $17.6 billion
- New York — over $16.6 billion
Illinois close to $220 million in tax revenue from sports betting
In November, IL sportsbooks generated over $15.5 million for state and local coffers. In October, sportsbooks in Illinois generated over $16.4 million in taxes.
Year-to-date through November, sports betting in Illinois has produced total tax revenue of more than $114 million. Lifetime, Illinois sports betting has produced more than $219 million in tax revenue since sports betting launched in the state in June 2019.
Illinois had an effective sportsbook tax rate of 16.1% in November.
Meanwhile, the hold in Illinois was 9.4% in November, 8.3% year-to-date and has been 15.7% lifetime.
Sports betting exceeds $182 billion in lifetime handle nationwide
Lifetime, the 26 states that have legal sports betting have produced combined handle of nearly $182 billion through November. Revenue exceeds $13.8 billion and total tax revenue is nearly $2.4 billion.
In 2022 alone, through November, total handle is now $84.6 billion. Total revenue this year is more than $6.7 billion. Combined tax revenue is more than $1.4 billion for the year.