Online and retail sportsbetting operators in Illinois reportedly had a good month in October after recording a 40.8% sequential increase in aggregated handle to reach an all-time high of $840.4 million.
According to a Wednesday report from a source citing official figures from the Illinois Gaming Board, the October tally for ‘The Land of Lincoln’ was the eighth-highest for an American state since sportsbetting began being legalized on a jurisdiction-by-jurisdiction basis following the 2018 revocation of the nation’s Professional and Amateur Sports Protection Act (PASPA).
Illinois kicked off its own online and retail sports wagering market in March of 2020 and its combined handle for the most recent October was the third-highest for the 31-day month behind only New Jersey and Nevada, which chalked up figures of about $1.3 billion and $1.1 billion respectively, while being considerably better than the $776.3 million recorded by fourth-placed Pennsylvania. This performance purportedly helped to take the overall national figure to beyond $7.06 billion even though Arizona and Connecticut have yet to officially release their own final tallies.
In terms of aggregated sportsbetting revenues and the source explained that operators in Illinois set an all-time high of just over $52.5 million for October from a hold that ballooned up to 6.26%. This purportedly made the state of approximately 12.8 million people only the third to have surpassed the $50 million single-month threshold and saw it join Nevada, New Jersey and Pennsylvania in the club of those to have cleared the $7 billion historical handle mark.
Illinois’ performance for October, which was the 15th highest in the post-PASPA era, reportedly resulted in the state collecting a record $7.9 million in monthly tax as Cook County additionally benefitted to the tune of $570,237 courtesy of a separate 2% duty levied on all locally-generated sports wagering revenues. This purportedly took the jurisdiction’s ten-month sportsbetting tax total to over $61.8 million as its historical tally surpassed $80 million.
DraftKings Incorporated reportedly topped Illinois’ club of licensed sports wagering operators for a sixth consecutive month in October when it came to handle while furthermore becoming the first to clear the $300 million mark at $310.5 million. Although FanDuel Group placed a distant second at $236.4 million, it nevertheless cleared $2 billion in all-time handle for the state and racked up table-topping revenues of $23.2 million, which was almost double its rival’s $12.9 million tally.
Other big players in Illinois for October reportedly included the BetRivers-branded service from local firm Rush Street Gaming as it saw revenues reach almost $7.8 million off of some $119.3 million in handle. There was purportedly also a record $68.7 million in handle and $2.9 million in receipts from the Barstool Sports online sportsbetting brand of Penn National Gaming Incorporated for the month while PointsBet chalked up handle of nearly $60 million alongside revenues of $3.1 million.