Illinois Nears $1 Billion In Monthly Sports Bets After Record-Breaking October
Illinois sportsbooks set a state record in betting handle in October, taking in $840.4 million in wagers. That is up from $596.5 million in total bets in September and $434.6 million in October 2020.
The past history, which occurred in March 2021, was$ 633.4 million.
The number keeps Illinois in third place in the US in monthly sports betting handle, behind New Jersey and Nevada, which saw $1 billion in wagers. With the return of the NBA and NHL betting in October, sports betting numbers rose across the country.
Additionally, the MLB Playoffs took place in October.
Sportsbooks in Illinoisprofited$ 48.3 million, bringing in$ 7.9 million in tax revenue. 5.7 % of the overall action was contained in the publications.
And, of course, there is still no online sports betting registration in the Land of Lincoln. However, in-person registration days are numbered, as a bill ensures it ends by March 5, 2022. Currently, HB 3136 is sitting on Gov. JB Pritzker’s desk.
Let & rsquo, let’s examine sports betting splits by book and create an image of what the handle might look like in the upcoming months.
Casino gambling handle for Illinois in October
The complete statistics from the casino are as follows:
|Licensee||Online Company||Complete Control||Handle Online||Shop Solve||Profit overall||Express levy||Local Income Taxes|
|King of the Casino||DraftKings||$315,255,548||$308,838,498||$6,417,050||$11,698,248||$2,015,602||$123,876|
|Des Plaines Rivers||BetRivers||$135,678,358||$119,009,435||$16,668,923||$7,979,969||$1,259,967||$104,855|
|Aurora in Hollywood||Barstool||$69,826,626||$67,917,082||$1,909,544||$2,375,483||$474,858||$35,848|
|Victoria the Great||Caesars||$13,999,307||$12,685,905||$1,313,402||$593,941||$93,242||$0|
|Joliet from Hollywood||N/A||$1,800,349||$0||$1,800,349||$120,418||$14,690||$0|
For a few factors, not much is changing in terms of the attempt, as was anticipated. First off, since Barstool went live in the state in March, we haven’t launched a new casino.
Second, these sportsbooks aren & rsquo when it comes to in-person registration, adding customers nowhere near the rate that they would be in a mobile sign-up environment. Therefore, the business is essentially stable for the time being.
But that ought to alter immediately.
When returns from online registration arrive, & hellip,
Although the Illinois sports betting industry is booming, website membership will give you a warm welcome.
For starters, compared to Illinois, which has six sportsbooks, the majority of superior sports betting states have much fewer. The requirement for in-person membership has discouraged a number of betting providers from opening below. But according to the By the end of 2022, double-digit users ought to be available.
As a result, customers will have more choices for promotions and line-ups, and there will be more state control, which may boost tax revenue.
Second, we & rsquo has had in-person registration in Illinois since April. A sizable portion of Illinoisans probably want to sign up for a sports betting application, but not so bad that they would need to go to an actual sportsbook.
HB 3136 times it up so that online registration will return in time to bet on March Madness, the most popular cumulative sports betting event in the US. As previously mentioned, March 2021 was a huge wagering month in the state.
Don & rsquo, don’t be shocked if Illinois flirts with a$ 1 billion handle that month, even though it falls short.