Revenue Plummets in Illinois Despite Record Sports Betting …

Dec 17, 2024 · A monumental sports betting handle in October led to a 24.5% year-over-year increase and a new record for the amount wagered in the Land of Lincoln. The Illinois Gaming Board recently reported a ...

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Revenue Plummets In Illinois Despite Record Sports Betting …

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Illinois Hits Record Sports Betting Handle In October As Revenue …

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Dec 18, 2024 · Illinois’ sports betting market reached new heights in October, with players wagering a record-breaking $1.45 billion. That’s a 24.5% jump compared to last year and a …

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Illinois: Revenue Plummets Despite Record Sports Betting Handle In …

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Dec 19, 2024 · A monumental sports betting handle in October led to a 24.5% year-over-year increase and a new record for the amount wagered in the Land of Lincoln.The Illinois Gaming …

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Illinois Sports Betting Revenue Hits Record $840.4 Million Handle …

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Dec 15, 2021 · Sports betting in Illinois had a record handle of $840.4 million in October, with operators collectively generating a record $48.3 million in revenue, according to data from the …

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Illinois Sets Monthly Highs For Sports Wagering In October

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Dec 15, 2023 · The Illinois Gaming Board reported record monthly marks of $1.16 billion in traditional sports wagering handle and $112.7 million in adjusted gross sports betting revenue …

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Illinois Sportsbooks Hit Record $840 Million In Bets In October, But ...

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Dec 8, 2021 · With more than $840 million in wagers, Illinois joined the top 18 legal sports betting markets in the U.S. that — using five weekends of football, the opening of the NBA season, …

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Illinois' Sports Betting Sees Record Handle But Revenue Declines …

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Dec 17, 2024 · October was a landmark month for sports betting in Illinois, as the state experienced a staggering handle of $1.45 billion, marking a remarkable 24.5% increase year …

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Illinois Sportsbooks Record-Breaking $1.17 Billion In October …

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Dec 18, 2023 · The Illinois sportsbooks also reported a 10% revenue hike from a year ago, generating $112.7 million in revenue. The state of Illinois claimed $17 According to a report …

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Illinois Posts Record $1bn October Sports Betting Handle

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Dec 9, 2022 · Illinois’ impressive GGR of $91.5m for October was second only to New York’s $146.8m; New Jersey leads lifetime sports betting handle with $31bn, followed by Nevada and …

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Illinois Sports Betting ‘Off To A Good Start’ With $435 Million In …

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Dec 17, 2020 · Illinois continued its exceptional sports betting start in October, recording $434.6 million in handle.. As expected, that was an all-time high, way up from $305.2 million in …

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Illinois Sports Betting Market Now 4th-largest In U.S. With $435 ...

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Dec 17, 2020 · Booming Illinois sports betting market is now nation’s 4th largest with $435M handle in October Since the state’s first legal bet was placed in March — just a few days …

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Illinois Sports Betting Records Fall In October As State Joins $1B ...

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Dec 8, 2022 · It was a historic October for sports betting in Illinois, with more than $1 billion wagered during the month for the first time.. The overall handle of $1.029 billion wasn’t the …

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Illinois Reports Record-High $840 Million In October Sports …

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Dec 10, 2021 · Illinois is quickly becoming one of the most significant sports betting markets in the United States, and October showed it has the power to compete with the top markets as it …

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Illinois October Sports Betting Handle Hits Record $840M & Other …

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Dec 8, 2021 · With an Illinois sports betting handle of more than $800 million in October, the state did not join the two states that went over $1 billion for the month. ... Illinois Sports Betting NHL; …

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Illinois Sports Betting Year In Review - Covers.com

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3 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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AGA Reports 7% Growth In Gaming Industry Revenue Through …

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5 days ago · - Revenue is up as of October - The previous record in 2023 was $67bn in revenue. ... Massachusetts: November casino GGR hits $100m, with sports wagering handle at …

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

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1 day 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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Global Sports Betting Revenue Statistics - Market Trends

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The European online sports betting market is also booming and is a major player in the global gaming industry. It’s expected to reach $17.14 billion in 2024, and with a compound annual …

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FAQs about Revenue Plummets in Illinois Despite Record Sports Betting … Coupon?

How much money does Illinois make from sports betting?

The October handle of nearly $1.03 billion, exceeded the previous Illinois sports betting handle record of some $971 million set in March of 2022. It makes Illinois just the fourth state in history to produce a billion-dollar monthly handle from sports betting. Illinois joins New York, New Jersey and Nevada in 10-figure monthly territory. ...

How much do Illinoisans bet on sports in October?

Illinoisans bet more than $1 billion on sports in October. Illinois bettors plunked down more than $1 billion on sports in October, a new record for the state’s young sports betting industry and one of the highest monthly figures recorded anywhere in the U.S. since the industry was legalized, gambling regulators announced Thursday. ...

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. ...

Do sports betting apps work in Illinois?

The sports betting apps that are advertised so ubiquitously across the airwaves and internet currently operate in Illinois only in partnership with a brick-and-mortar casino or racetrack. Opponents note that the state’s sports betting explosion has also resulted in rising gambling addiction. ...

Should sports betting be taxed based on net gaming revenue?

Low-rate taxes based on net gaming revenue make an effective tax design. Consumers legally wagered more than $100 billion on sporting contests in 2023, creating more than $1.8 billion in state revenue. Sports betting is now legal in 38 states and the District of Columbia, and the landscape is rapidly evolving. ...

Are sports betting taxes too high?

Exorbitant tax rates set by certain states threaten to make sports betting an outlier among American industries, facing an excessively large tax burden. Tax treatment of promotional wagers and free bets is one of the biggest issues surrounding sports wagering taxes. ...