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Illinois records month-on-month revenue decrease as handle falls

News

The state of Illinois has recorded sports betting revenue of $37.6m for July, representing a 20.8% decrease from June’s total. 

Overall handle collected in July amounted to $369.1m, down 22% from the $476.5m collected in June.

Online was by far the most popular channel, accounting for $351.4m of the state’s handle. Of this total, $178.8m was staked on final results, with a further $169.1m was wagered online on prop bets and points totals for the same sports.

Over 10 million online bets were placed on professional sports during the month in total.

Retail wagering accounted for just $17.7m of the total, split between $12.4m worth of wagers placed in-person on final results, and an additional $5.0m spent on prop bets and points totals.

Baseball proved to be the most popular sport to bet on, with customers spending $116.6m. Parlay bets were second with $62.7m, followed by tennis on $40.5m.

Other, unspecified, events had a handle of $3.2m. $2.5m was spent on prop bets, with the extra $697,136 coming from final results bets.

Of the state’s $37.6m gross revenue from betting, online accounted for the bulk of this total, at $35.9m.

Fairmount Park, which is partnered with FanDuel, led the market with revenue of $15.5m. The DraftKings-affiliated Casino Queen was next with $9.1m, followed by Penn National’s Midwest Gaming and Entertainment – linked to Rivers Casino Des Plaines – with $6.4m.

For in person wagering, Casino Queen was most successful, raising $488,255. Alton Casino followed in second place with revenue of $308,347.

A result of the decline in revenue and handle was the state’s tax take dipping in July, with amounts going to state coffers falling from $7.7m in June, to $6.1m.