All-Time Illinois Sports Betting Revenue Crosses $3 Billion Milestone

Aug 23, 2024  · It became the third state to pass the $3 billion mark in all-time revenue. Illinois sports betting operators reported $81.3 million in revenue from about $848 million in bets (“handle”) for ...


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All-Time Illinois Sports Betting Revenue Crosses $3 Billion Milestone

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Aug 23, 2024  · It became the third state to pass the $3 billion mark in all-time revenue. Illinois sports betting operators reported $81.3 million in revenue from about $848 million in bets (“handle”) for ...

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Illinois Sports Betting Revenue - Monthly And All-Time

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LICENSEEONLINE BRANDHANDLEREVENUECasino Queen East St. LouisDraftKings$12,602,317,256$898,227,783Fairmount ParkFanDuel$11,162,096,881$1,186,160,608Rivers Des PlainesBetRivers$4,672,216,167$378,793,321HawthorneFanatics$2,348,151,404$236,100,620See all 15 rows on www.playillinois.com

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Illinois Sports Betting Year In Review - Covers.com

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6 days ago  · The Illinois sports betting tax rate will increase massively in 2025 based on legislation approved in 2024, from 15% to 20% to 40%, depending on sportsbook revenue.

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All-Time Illinois Sports Betting Revenue Crosses $3 Billion …

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Aug 23, 2024  · In June 2024, Illinois sports betting revenue numbers pushed the Land of Lincoln into an exclusive neighborhood. It became the third state to pass the $3 billion mark in all-time …

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Illinois Sports Betting Operators Produce 11% Hold - Covers.com

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Aug 12, 2024  · All-time sports betting revenue surpassed $3 billion, landing Illinois with New York and New Jersey as the only U.S. states to reach that milestone. Baseball’s volume produces …

covers.com

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Revenue Plummets In Illinois Despite Record Sports Betting …

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Dec 17, 2024  · Dollars wagered in October surpassed September by over 10% and $40 billion by the state all time. However, October's revenue didn’t match the high volume of betting. Online …

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All-Time Illinois Sports Betting Revenue Crosses $3 Billion …

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Aug 25, 2024  · Illinois hit its revenue milestone even though the pace of betting ebbed. ... All-Time Illinois Sports Betting Revenue Crosses $3 Billion Milestone – Gaming Today. August 25, …

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Illinois Sports Betting Numbers 2nd Best In US Despite Soft June

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Aug 11, 2023  · The state will exceed $2 billion in lifetime sports betting revenue. Through June, all-time Illinois sports betting revenue sits at $1.96 billion. As for other milestones, in May …

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Illinois Soars To Over $2 Billion In Adjusted Gross Revenue Since ...

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Sep 22, 2023  · Therefore, July’s $60.4 million in adjusted gross revenue on a handle of $611.4 million with a hold of 9.9% as reported by the Illinois Gaming Board was not earth-shattering …

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Illinois’ Historical Sports Betting Handle Hits $25 Billion, Fourth ...

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Oct 26, 2023  · Since its inception, in August 2020, Illinois has seen the state’s sports betting handle soar above the $25 billion mark. This makes Illinois the fourth state to reach this …

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Illinois Posts Hefty Sports Betting Revenue Haul Of $47.5M In June

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Aug 5, 2021  · It also became the fourth state to cross $3 billion in handle in 2021 alone. Illinois state government was also a beneficiary of the high hold, as the state tax coffers received …

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Illinois Achieves Record-Breaking $60 Million In Sports Betting …

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Sep 15, 2023  · The Illinois Gaming Board reported a monthly handle of $611.4 million and adjusted gross revenue of $60.4 million to surpass $2 billion in profits since sports betting went …

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Hard Rock Bet Illinois Becomes State's Ninth Sports Betting App

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Aug 27, 2024  · Illinois is one of only three states to pass $3 billion in all-time sports betting revenue. ... is another milestone for the Hard Rock brand in Illinois ... Industry Crosses $4 …

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Illinois Sports Betting Revenue Set All-time Record In October

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Dec 9, 2022  · ROCKFORD, Ill. (WTVO) — More than $1 billion was wagered on sports in the state of Illinois in October, setting a new record for the sports betting industry. Illinois’ take was …

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Illinois Sports Betting Revenue Surpasses $1 Billion Milestone

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Sep 15, 2022  · This year, the 26 states that have legal sports betting have produced combined handle exceeding $50 billion through July. Total US sports betting revenue is more than $3.5 …

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Illinois Reaches $1 Billion Sports Wagering Revenue Milestone

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Sep 15, 2022  · Illinois became the fourth state to surpass $1 billion in sports wagering operator revenue when Illinois Gaming Board Administrator Marcus Fruchter announced Thursday the …

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Illinois Lawmakers Could Add Internet Gambling To State's Bevy Of ...

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14 hours ago  · Illinois government relied on a record-high $2.1 billion in gaming tax revenue in the fiscal year ending in June, including $158 million from casinos, $190 million from sports …

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Sports Betting Tax Revenue: States, Sportsbooks, And Consumers

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Dec 10, 2024  · Key Findings. Legal sports betting in the U.S. hit an all-time high in 2023 at more than $100 billion wagered. States collected more than $1.8 billion in taxA tax is a mandatory …

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Illinois Reaches More Sports Betting Milestones, But Revenue …

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Oct 13, 2023  · It marked the first time since June 2022 that sports betting in Illinois had a win rate below 7%. The Land of Lincoln’s handle, however, rose 10.5% to $676.1 million.

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FAQs about All-Time Illinois Sports Betting Revenue Crosses $3 Billion Milestone Coupon?

Does Illinois have a sports betting market?

The Illinois online sports betting market consistently ranks as the second biggest in the United States and we have the numbers to back that up. The Illinois Gaming Board (IGB) releases a thorough sports betting revenue report every month, with each legal sportsbook reporting the following data: Handle: The total amount of money bet by patrons. ...

What is the Illinois Gaming Board's sports betting revenue report?

The Illinois Gaming Board (IGB) releases a thorough sports betting revenue report every month, with each legal sportsbook reporting the following data: Handle: The total amount of money bet by patrons. Revenue: Adjusted gaming revenue (AGR), calculated by subtracting total payouts from handle. ...

How do sports betting taxes work in Illinois?

Handle: The total amount of money bet by patrons. Revenue: Adjusted gaming revenue (AGR), calculated by subtracting total payouts from handle. Taxes: 2% of all taxes go to Cook County for activity within its borders. The Illinois sports betting tax rate, revised in July 2024, works on a graduated scale based on Adjusted Gross Revenue (AGR). ...

How much money does Illinois sports betting make?

Illinois sports betting generated a record-breaking revenue of $111.6 million in October, marking a 10.4% increase from the previous mark of $102.1 million in October 2022. This is the seventh billion-dollar handle for Illinois sports betting, with operators retaining a 9.7% hold. ...

How much money did the Illinois Gaming Board make in October?

The Illinois Gaming Board generated $112.7 million in adjusted gross sports betting revenue in October, setting a new national all-time single-month record in the post-PASPA era. ...

How much money did New York raise from sports betting?

In fiscal year 2023, New York raised more than $800 million in tax revenue from sports betting, 43.2 percent of nationwide sports betting state tax collections. Table 3 shows the handle, GGR, hold, and tax collections from all states that reported legal sports gaming revenues in fiscal year 2023. ...

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