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Illinois sports betting revenue and handle down again in May


The Illinois Gaming Board reported a month-on-month decline in sports betting revenue and handle for the second consecutive month in May.

Adjusted gaming revenue from sports wagering for the month amounted to $36.2m, down 17.0% from $43.6m reported in April.

Online sports betting accounted for $34.4m of total sports betting revenue in May, while retail contributed $1.9m to the monthly total.

In terms of handle, player spending reached $506.7m in May, down 5.7% month-on-month from the $537.2m wagered by consumers in April.

Players bet a total of $482.1m with online sports wagering operators during the month, as well as $24.6m a retail sportsbooks across the state.

Professional sports drew $505.2m in wagers during the month, with just $461,773 bet on college sports and $989,559 on motor racing events.

FanDuel’s sportsbook, operated in partnership with Fairmount Park, remained by far the market leader in Illinois in May, posting $19.3m in revenue.

DraftKings, partnered with Casino Queen, ranked second with in $7.1m in revenue, then Midwest Gaming and Entertainment and Rush Street Interactive with $5.2m.

The state was able to generate $5.9m in sports wagering tax. Of this total, $5.4m was in the state’s usual 15% betting tax, while $419,670 came from the additional 2% tax on wagers in Cook County, which includes Chicago.