Illinois Sports Betting Revenue Records Over $1B in 2023

Feb 14, 2024 · December was the second time in 2023 that Illinois recorded over $100 million in revenue. In October, the state set a new record for betting revenue with $112.7 million reported by the board.

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Illinois Sports Betting Revenue Records Over $1B In 2023

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Illinois Eclipses $1 Billion In Sports Betting Revenue For 2023

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Feb 14, 2024 · Revenue record for Illinois in 2023. Illinois ended 2023 with a record revenue haul for the state's best sportsbooks, which took home $128.4 million in adjusted gross sports …

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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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IL Records Another Month Of $1B In Sports Betting Handle

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Apr 11, 2024 · Over the first two months of the new year, Illinois’s operators have combined to collect $218.8 million in gaming revenue, an increase of 33% year-on-year from 2023. …

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Illinois Sports Betting Sets $1.07 Billion Record In January

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Mar 14, 2023 · In December alone, the Prairie State was third in the United States with nearly $81.4 million in sports betting revenue. That amount is behind New Jersey’s revenue of $87.7 …

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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 Officials Report Gambling Produced $1.5B Revenue For …

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Feb 14, 2024 · Revenue Reports for Casinos, Sports Betting. Earlier this month, the state reported January handle and revenue for casinos and December handle and revenue for …

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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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March Madness Pushed Illinois Sports Wagers To $335M Last Year

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Mar 27, 2024 · The city was expecting around $13 million in revenue for 2023 but only got a little over $3 million. Sports betting also raises risk of addiction. March is designated as Problem …

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Illinois Inches Its Wagering Handle Record Higher To $1.07 Billion

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Mar 14, 2023 · Illinois pushed its record sports wagering handle slightly higher, kicking off 2023 with more than $1.07 billion in accepted bets. ... PENN Entertainment’s Barstool books in …

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Illinois Sets New Records For Monthly Sports Betting Handle, …

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1 day ago · Sports betting operators have already produced 27% more revenue in 2024, thanks to 22% more wagers and a slightly higher hold than in 2023. The state has collected over $228 …

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Illinois Sports Betting Tops $1B, Ranks 3rd In Nation

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Jan 9, 2023 · October 2022 set a record high for sports betting in Illinois: over $1 billion in wagers, which was the third-highest state tally in the U.S. Sports betting in Illinois saw over $1 billion in ...

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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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Iowans Spent Record Breaking $2.8 Billion On Sports Betting In 2024

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6 days ago · DES MOINES — According to the Iowa Racing and Gaming Commission, Iowan’s spent a record breaking $2.8 billion on sports betting in 2024. Tina Eick, an Administrator at …

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N.J. Bettors Dropped $13B In Wagers Last Year. But Has The ... - Nj.com

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6 hours ago · Sports betting revenue reached $1.09 billion before expenses and losses, which marked an 8.7% increase from its record $1.006 billion revenue figure in 2023, according to …

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Illinois Posts Record $1.08 Billion Sports Wagering Monthly Handle

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Nov 21, 2023 · The Illinois Gaming Board reported Tuesday that the state’s sportsbooks had traditional sports wagering handle of nearly $1.08 billion in September, an all-time high that …

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Illinois Board Of Education Seeks $11.4B For PreK-12 Spending

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1 day ago · It is a 4.6% increase over this year’s budget, despite projections that the state will face a substantial revenue shortfall next year. Illinois Board of Education seeks $11.4B for preK-12 ...

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FAQs about Illinois Sports Betting Revenue Records Over $1B in 2023 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 is bet on sportsbooks in Illinois?

More than $1.029 billion was bet through Illinois sportsbooks in December. In October, Illinois sports betting handle topped $1 billion for the first time. Illinois is just the fourth state to post four consecutive months of billion-dollar handle. The others are New York, New Jersey and Nevada. ...

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. ...

Why is Illinois sports betting so popular in 2023?

The decision to allow residents to register online with one of the state’s seven legal sportsbooks has been a boon to the industry. That explains why Illinois sports betting handle in January 2023 was up 23% over the same month in January 2022, when over $867 million was bet on sports. ...

Does Illinois have a lifetime sports betting handle?

In January, Illinois jumped over Pennsylvania into third place in lifetime sports betting handle with over $19.7 billion bet on sports. Illinois will surpass the $20 billion mark when February numbers are released. Illinois’ January numbers also pushed the total, lifetime sports betting handle in the United States over $200 billion. ...