Illinois Handle Down But Revenue Up At Sportsbooks In June

• Illinois took in $476.5 million in wagers in June.
• Approximately 94.8% of all bets were done using mobile sportsbooks.
• The state saw $48.2 million of revenue in June from its sports betting market.

SPRINGFIELD, Ill. – Last week, the Illinois Gaming Board (IGB) released June figures for its sports betting industry in the state, showing that handle was down but revenue was up. This is something that has been seen with a few states across the country recently as they’re all balancing out their “checkbooks” and paying off promotions and various other things to net a bigger monthly revenue even with smaller handles.

Illinois sports betting is continuing to perform well as far as revenues are concerned. And although their June handle saw a dip, things are expected to pick back up for the NFL season and all of the football wagers that come along with it.

The Numbers Breakdown

The June report released by the IGB saw $476.5 million worth of wagers put down on sporting events. This was a 6.1% decline from May which took in $507.3 million in bets. This is also the smallest amount bet for Illinois in any one month since launching their sports wagering industry over a year ago.

As far as revenue is concerned, sportsbooks took in $48.2 million of June revenue from the market while May had $36.2 million in revenue. There was a 10% tax hold that led to $7.1 million in state taxes on top of the revenue given by operators for sports wagering in Illinois in June.

Mobile sportsbooks took in 94.8% of all wagers for the month, collecting $451.7 million in handle. And this was with the mandated in-person registration required in Illinois to be able to use these platforms. When the requirement was lifted because of COVID-19, an even higher percentage of wagers were made via these applications.

What’s Coming For Illinois Sports Betting?

There is talk that regulated sports betting in Illinois will be doing away with the in-person registration for mobile sports wagering. In June, DraftKings and FanDuel proved to be the top two sports gaming platforms in the state with DraftKings taking in $157.1 million in bets and FanDuel bringing in $155.3 million. That equated to 69.2% of wagers made in June by Illinois sports bettors using these sportsbooks.

The market is expected to flourish further with NFL betting right around the corner and the possibility of mobile sportsbooks not having in-person registration anymore.

News tags: COVID-19 | DraftKings | FanDuel | Illinois | Illinois Gaming Board | NFL