Illinois Sports Betting Handle Surges to $878 Million for August

Oct 18, 2024 · The Illinois Gaming Board reported nearly $878 million in traditional sports betting handle for August on Friday as sportsbooks in the Land of Lincoln had a middling …

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Illinois Sports Betting Handle Surges To $878 Million For August

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Oct 18, 2024 · The Illinois Gaming Board reported nearly $878 million in traditional sports betting handle for August on Friday as sportsbooks in the Land of Lincoln had a middling …

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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 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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Illinois Sports Betting Sees Surge During August 2024

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Oct 22, 2024 · Illinois recorded nearly $878M in sports betting handle for August, up 30% year-on-year. Revenue reached $59.2M, reflecting the state's progressive tax system

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Illinois Sportsbooks Persevere In August, But Regulatory Changes …

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Oct 25, 2024 · While the overall hold rate slightly decreased to 6.7% from last August’s 6.9%, sportsbooks managed to achieve an 8% win rate on gross revenue of $71.8 million across …

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Illinois Sports Betting Handle Surges To $878 Million For August

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Oct 2, 2024 · The Illinois Gaming Board reported nearly $878 million in traditional sports betting handle for August on Friday as sportsbooks in the Land of Lincoln had a middling …

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Illinois Sports Betting Skyrockets With $878M Handle In August

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Oct 22, 2024 · In August, Illinois sportsbooks saw a substantial boost in their traditional sports betting handle, reaching nearly $878 million—a 30% increase compared to August 2023 and a …

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Sports Betting In Illinois For August Offers Mixed Results

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This decline in revenue, juxtaposed with the increased handle, points to a lower hold percentage for operators across the state. The state-wide hold percentage for August stood at 6.74%, a …

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Illinois Sets New Records For Monthly Sports Betting Handle, …

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23 hours ago · Sports betting records continued to fall in Illinois in late 2024. The Illinois Gaming Board reported a November handle of $1.53 billion, the most ever wagered for the second …

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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 Sportsbooks Post $95 Million In June Adjusted Gross Revenue

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Aug 9, 2024 · (CONFIRMS DRAFTKINGS ADJUSTMENT WAS MADE IN 6TH GRAF) The Illinois Gaming Board reported $94.6 million in adjusted gross sports betting revenue for June on …

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FAQs about Illinois Sports Betting Handle Surges to $878 Million for August Coupon?

Will Illinois see a decline in betting handle?

Sports like golf and tennis don’t generate much in terms of betting handle. Illinois is likely to see a decline in betting handle over the next few months, especially with the Cubs and White Sox both not being especially competitive this season. The $1 billion betting handle streak may come to an end in one of the following months. ...

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 does Illinois have in sports betting?

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. This is the ninth straight month in which the state has eclipsed that mark. ...

When did Illinois fail to reach $1 billion in sports betting handle?

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 returned. As we’ve noted, sports betting takes a bit of a break in the summer months. There is no NFL, college football, college basketball, NBA or NHL to bet on. ...

How will Illinois tax sports betting operators?

As a result, Illinois made some changes to its tax rates for sports betting operators. Operators like DraftKings and FanDuel will now be taxed at 40% of their revenue, which is up from the 15% rate they were taxed up until this point. Obviously, with their tax rate more than doubling, there is concern as to how these operators will react. ...

Will Illinois be back to betting billions?

The $1 billion betting handle streak may come to an end in one of the following months. Illinois bettors are excited about the Bears and No. 1 overall pick Caleb Williams for the upcoming NFL season. With a fanbase this passionate, they’re raring to have a good team to root for. They’ll likely be back to betting billions in no time. ...