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Illinois betting handle doubles but revenue declines in September


Illinois sportsbook handle jumped 117.9% to $305.1m, as FanDuel and DraftKings saw large amounts wagered, but generated little revenue in September.

Retail betting handle grew 37.3% to $22.1m, bringing in revenue of $1.5m, up 24.8% from August. A further $283.0m was staked online, up 128.2%, but these bets only brought in $5.4m in revenue, a 10.0% decline.

Rush Street Entertainment’s Kambi-powered sportsbook still made up almost all the sports betting revenue generated in the state, bringing in $6.0m, down 4.4%, from stakes of $11.2m, down 4.3%. The sportsbook was the first to launch in the state.

However, other players brought in significant volumes of bets as the two daily fantasy sports giants made their presence known, though revenue was limited.

DraftKings’ sportsbook at Casino Queen Alton, meanwhile, brought in bets worth $95.8m, but made only $222,000 in revenue in its first full month of operation.

FanDuel’s sportsbook at Boyd Gaming’s Par-A-Dice casino attracting bets worth $76.2m, but the operator’s revenue for the month was negative.

Hawthorne Racecourse, and its PointsBet sportsbook, was third in the state in revenue with $166,000, while Argosy Casino Alton brought in $161,000.

Tier one wagers, defined as bets on final match results, brought in bets worth $168.6m, up 143.4%, while tier two wagers, such as prop bets or over/unders, attracted bets worth $136.5m, a 92.5% increase.

Football attracted the most wagers, at $91.4m, and brought in $2.7m in revenue. Baseball followed with $65.8m in handle and revenue of $1.7m while basketball brought in $1.4m on bets worth $48.6m. $44.5m was bet on parlay cards, which brought in revenue of $2.5m.

The vast majority of bets came on professional sports, bringing in a handle of $285.2m, while $19.7m came on college sports, $259,000 on motor racing and $3,000 on special events.

With the vast majority of revenue ($4.1m) generated in Cook County – which includes Chicago and carries a higher tax rate – operators in the state paid $1.1m in tax, down 8.3%.