Illinois Sets Monthly High in Sports Betting Revenue, Surpasses …

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 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 Reaches $1 Billion Sports Wagering Revenue Milestone

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The nearly $46.1 million claimed by sportsbooks in July was the ninth-highest total in 27 months of wagering since launch in March 2020. Illinois joined New Jersey, Nevada, and Pennsylvania …

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Understanding Illinois Sports Betting Handle And Revenue

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Mar 28, 2024  · Illinois sports betting handle from January to December 2023 exceeded $11.62 billion, up 19.2% from 2022 ($9.75 billion). Revenue was just over $1 billion in 2023 (up 26% …

illinoisbet.com

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Illinois Sports Betting Revenue Surpasses $1 Billion In September

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Dec 15, 2023  · Illinois Sports Betting Outlook In Jan. 2023, Illinois generated $1.070 billion in betting. Before the state’s incredible September, January was the best month for the state.

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Illinois Sports Betting Surpasses $1 Billion - National Football Post

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Illinois sports betting surpasses $1 billion . December 15, 2022 - National Football Post. The state of Illinois broke the $1 billion mark for sports betting for the first time during the October. ...

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Illinois Sports Betting Exceeds $1B In One Month - MyStateline.com

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Dec 12, 2022  · (WTVO) — Illinois gamblers surpassed the $1 billion mark in a single month for the first time since the state legalized sports betting. The milestone occurred in October, …

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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 Record With More Than $1 Billion Wagered On Sports …

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Dec 9, 2022  · 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 …

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Illinois Gambling Revenue Tracker & Market Insights

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Here’s a quick recap of what’s happened recently with regards to Illinois sports betting revenue. March 2022 – The Illinois sports betting handle inched towards the $1 billion mark through …

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In September, Illinois Sportsbooks Generated A $1.31 Billion Handle

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Nov 19, 2024  · Adjusted gross revenue increased by 58.2% year-over-year. Illinois’ September handle of $1.31 billion was up 21.3% compared to the same month in 2023. The state’s all …

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Congress Exploring Expansion Of Sports Betting In Illinois And

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Illinois is the third largest sports betting state in the country. According to Illinois Gaming Board records, the state’s 11 active sportsbooks raked in just over $1 billion last year, sending ...

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

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14 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 …

wbez.org

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Illinois Sports Betting Surpasses $1.4 Billion In October

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Dec 17, 2024  · Illinois’ sports betting surpassed $1.4 billion in October, growing by 25 per cent to a new high of $1.45 billion. ... Illinois sports betting surpasses $1.4 billion in October; ...

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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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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 …

taxfoundation.org

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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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FAQs about Illinois Sets Monthly High in Sports Betting Revenue, Surpasses … Coupon?

How much money does sports betting make in Illinois?

The $1 billion figure combines sports betting revenue both online and in-person at Illinois casinos. Exceeding $1 billion in sports betting revenue a little over two-and-a-half years after the market launched is an incredible achievement for the Illinois gaming industry and a boon to the state’s taxpayers. ...

Is sports betting booming in Illinois?

Sports betting in IL is booming. Year-to-date numbers through July shows Illinois sports betting ranks solidly in second place in the nation with revenue of more than $388 million. Only New York is higher with revenue of more than $682 million. Illinois is third in sports betting handle in 2022 with over $5.2 billion bet. ...

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 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 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). ...

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