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

Nov 18, 2024 · Illinois Sets New Monthly Sports Betting Revenue High The Illinois Gaming Board reported a September handle of $1.31 billion, up 21.3% year-over-year and 50% month-over …

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

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Nov 18, 2024 · Illinois Sets New Monthly Sports Betting Revenue High The Illinois Gaming Board reported a September handle of $1.31 billion, up 21.3% year-over-year and 50% month-over …

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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: 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 Sets Monthly High In Sports Betting Revenue, Surpasses …

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Feb 9, 2024 · According to the Illinois Gaming Board, sports betting operators combined to generate $1.3 billion in wagers, down 4.5% from November, with record profits of $128.4 …

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Illinois Sportsbooks Close August With $879M Betting Handle

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Oct 22, 2024 · Illinois is continuing to showcase its viability as a sports betting market following the state’s latest monthly revenue report.. According to data provided by the Illinois Gaming …

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Revenue Plummets In Illinois Despite Record Sports Betting …

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Dec 17, 2024 · However, October's revenue didn’t match the high volume of betting. Online and retail sportsbooks in Illinois produced $81.4 million in revenue, a 27.8% decrease from Oct. 2023.

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Sports Betting Sets New Monthly Record In Illinois

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Illinois sportsbooks took in more than $1 billion in bets in March, beating the previous high set in January by $2 million.

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Illinois Posts Record $867.5 Million Sports Betting ... - SportsHandle

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Mar 10, 2022 · The Illinois Gaming Board reported a record monthly sports betting handle of $867.5 million for January, moving the state’s all-time legal wagering within $250 million of the …

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Illinois Gambling Revenue Tracker & Market Insights

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December 2021 – Monthly sports betting handle in Illinois increased by $10 million from November to December 2021, however a 4.6% hold rate in the last month of 2021 led to just …

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ILLINOIS Betting - Make Smarter Bets - Covers.com

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Oct 22, 2024 · Illinois Sets New Monthly Sports Betting Revenue High. Illinois sets new revenue high with $136.4 million in Sept. Nov 18, 2024 • 3:28 PM ET ... Partnership set to begin with …

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

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17 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 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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Illinois Sports Betting Action Rises 30% Year-Over-Year In August

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Oct 22, 2024 · The Illinois Gaming Board (IGB) reported a monthly handle of $878 million, up 30% from last August, while adjusted revenue of $59.2 million spiked 26% year-over-year.

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Illinois Reaches More Sports Betting Milestones, But Revenue …

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Oct 13, 2023 · Illinois operators paid out $7.04 million in taxes in August, down from $2 million in July, with Cook County claiming 508,993 from sports betting in the Chicago area. More …

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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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Kentucky Sports Betting Reaches $300 Million First-Time Handle

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21 hours ago · DraftKings set a Kentucky record with a November $112.4 million handle. The online operator also hauled in $15 million in gross revenue, up nearly $7 million from October, …

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FAQs about Illinois Sets New Monthly Sports Betting Revenue High - Covers.com Coupon?

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. ...

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. ...

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. ...

Could betmgm give Illinois a $1 billion handle in March?

Illinois has three of the top 20 all-time totals, even with only six mobile operators accepting wagers. BetMGM, which launched Saturday to coincide with the start of remote registration in the state, could give the Prairie State a chance at a $1 billion handle in March with the NCAA Tournament likely to spur more action. ...

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. ...