All-Time Illinois Sports Betting Revenue Passes $3 Billion Plateau

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 Passes $3 Billion Plateau

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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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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 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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Impressive Illinois Betting Streak Ends In June - CBS Sports

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Aug 14, 2024  · Illinois' sports betting handle fell to $848M in June, ending a nine-month streak of $1 billion handles. ... all-time revenue generated by the operators in Illinois surpassed $3 billion.

cbssports.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. Today: December 3, ... All-Time Illinois Sports Betting Revenue Crosses $3 Billion Milestone – …

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

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Oct 26, 2023  · The state saw $7.04 million in sports betting taxes while Cook County collected just shy of $509,000 based on its 2% tax imposed on betting within its borders. The state has …

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In April 2024, Illinois Sportsbooks Generated $92 Million In Revenue

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Jun 14, 2024  · Illinois’ hold was just shy of 10% in 2023, compared to 8.3% in 2024. Additionally, their betting handle dropped by 12.7%. In March, they had a betting handle of $1.26 billion, but …

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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 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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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. “We’re thrilled to be delivering the unique Hard Rock Bet mobile experience to …

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Illinois Passes $1 Billion In Sports Betting Handle For Ninth Straight ...

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Jul 25, 2024  · The last time Illinois failed to reach $1 billion in sports betting handle was back in August of 2023. Of course, we know that was in the heart of the summer, before football …

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Illinois Sets New Monthly Sports Betting Revenue High - Covers.com

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Nov 18, 2024  · The Illinois Gaming Board reported a September handle of $1.31 billion, up 21.3% year-over-year and 50% month-over-month. Brad Senkiw • News Editor Nov 18, 2024 • 15:28 …

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

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15 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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After 10 Years, Will Illinois Implement A Millionaires' Tax?

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3 hours ago  · The Illinois Department of Revenue estimates the tax surcharge would generate $4.5 billion. But critics argue lawmakers can’t guarantee all that money will go to property tax …

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FAQs about All-Time Illinois Sports Betting Revenue Passes $3 Billion Plateau Coupon?

Does Illinois have a $1 billion sports betting handle?

To highlight the achievement, Illinois is just one of five states to ever reach the $1 billion monthly handle milestone. The others include New Jersey, New York, Nevada and Ohio. Illinois reported a sports betting handle of $1,015,279,112 for the month of May. That number is down from $1.1 billion in April. ...

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). ...

Is Illinois a good place to bet on sports?

The Cubs, White Sox, Bears, Blackhawks and Bulls are all part of the state’s identity. The Midwest loves its sports, and Illinois is a shining example of that. With May’s online sports betting totals reported, Illinois has added yet another month with more than $1 billion in sports betting handle to their ledger. ...

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 does Illinois sports betting make?

Baseball led the way for Illinois sports betting in June, generating a betting handle of $241.5 million. Basketball betting handle was at $98.8 million. That number combines both the NBA Finals and regular-season WNBA bets. Tennis ($81m) and soccer ($53m) were popular bets thanks to major tournaments. ...

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