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Illinois sports betting handle continues to fall in June, but revenue grows

News

The Illinois Gaming Board  has reported a continued drop in sports betting handle for the third consecutive month in June, while revenue grew.

Handle came to $476.5m in June, a month-on-month decline of 6.0% compared to May. Almost all of this- $474.5m- was generated from professional sports, with both college football and basketball in their offseasons.

On the other hand, adjusted gaming revenue (AGR) was recorded at $47.5m, up 31.1% month-on-month from $36.2m.

Players placed 12.4 million  online sports bets in June, a decrease of 9.1% in comparison to May. In total, the value of those wagers came to $451.0m.

Players also wagered $25.4m in retail betting, a drop of 75.6%.

In Illinois casinos, the total number of bets placed amounted to $12.6m in June, down by 9.5% from $13.8m recorded in May.

Fanduel’s Fairmount Casino brought in the most AGR overall in June, at $20.2m. DraftKings’ partner Casino Queen came next, with $13.6m, while Midwest Gaming & Entertainment- offering Rush Street Interactive online products – followed in third with $7.3m.

For in-person betting, however, Rush Street’s Midwest Gaming and Entertainment led the way in AGR in June, posting $1.2m in revenue. DraftKings and Casino Queen came in second with $501,378, while PointsBet and Hawthorne Racetrack came in third with $351,446 in revenue.

Throughout the state, the casinos paid a combined total of $7.1m in taxes, an increase of 31.1% from $5.4m month-on-month. Most of this was paid through online wagering, which had the highest AGR of $44.4m in June. In-person wagering made up the remaining $454,447.