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: 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 $136.4m In September

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Nov 18, 2024 · As for tax, Illinois collected a total of $37.3 million in tax from sports betting, a 168.3% year-on-year jump in the wake of Illinois’ new tax rules which came into effect from 1 …

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Illinois Betting Revenue Drops Despite Record Handle In December

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Feb 17, 2021 · Illinois sports bettors set another new record for handle in December at $491.7m, up 9.0% from the prior month despite almost no retail activity, but revenue plummeted 41.3% …

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

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Nov 18, 2024 · Online Illinois sports betting generated $132.6 million of the record revenue in September.. FanDuel led the way with $53.7 million but finished second in mobile handle …

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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' 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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Revenue Record Smashed In Illinois For September | MTS

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Nov 21, 2024 · Despite this number, the state was not been able to set a new record in betting handle, which finished at $1.31 billion. This is a hair under the all-time figure of $1.38 billion, …

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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 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 Year In Review - Covers.com

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

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13 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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New York Sets New Online Sports Betting Revenue Record

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4 days ago · Revenue from online and mobile sports wagering in New York reached $231.6 million in November, setting a new monthly record in the process. At the same time, the NY …

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Illinois Posts Hefty Sports Betting Revenue Haul Of $47.5M In June

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Aug 5, 2021 · The month of June was very good to sportsbooks across Illinois, as the state’s gaming board reported more than $47.5 million in adjusted gross revenue for operators …

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

Did Illinois sports betting hit a new handle record in November?

While Illinois sports betting did not hit a new handle record in November, the state’s sportsbooks shattered the revenue record. Illinois sports betting generated $78.2 million in revenue during November 2021, according to an Illinois Gaming Board report. ...

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. ...

Does Illinois have legal sports betting?

Illinois has already established itself among the big hitters when it comes to legal sports betting in the U.S., and the Land of Lincoln solidified that even further by reaching another milestone with a successful July. ...

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. ...

How much money will sports betting generate by 2024?

According to a recent report from Statista, the sports betting industry is on track to generate $14.30 billion in revenue by 2024. This figure represents record growth in both gross and total sports betting revenue, highlighting the increasing popularity of gaming and the expansion of legal sports betting markets. ...