Illinois sports betting handle drops to $476.5m in June

Despite the slow sports schedule for the month of June, the state of Illinois posted impressive sports betting figures.

According to the latest figures from the Illinois Gaming Board (IGB) bettors in the state of Illinois wagered $476.5m on sporting events in June.

Of the state’s total betting handle $451.7m came from online sportsbooks.

Handle for the month was down from the $507.3m posted in May. June’s handle also marks the lowest amount wagered on sports since November 2020, when $446.2 was bet on sports.

So far, the state’s best month for betting handle was in March 2021, when Illinois residents wagered $633.6m on sporting events.

Sportsbook operators managed to generate $48.2m in sports betting revenue in June and paid $7.1m in taxes to the state. June’s revenue was up from $36.2m month-on-month.

How did online sportsbooks perform?

When it comes to online sportsbooks, DraftKings and FanDuel appear to be dominating the state’s betting market.

DraftKings, which is partnered with Casino Queen, led the way in terms of betting handle after processing $13.9m in June. However, when it comes to revenue, DraftKings was the second-highest earner in June, with $13.9m in revenue. 

FanDuel, which operates in partnership with Par-A-Dice Casino in East Peoria, was the second most popular online sportsbook after bettors wagered $155.3m with the operator. 

Despite this, FanDuel generated $20.1m in revenue making it the highest-earning Illinois sportsbook in June.

BetRivers took the third spot in June after generating $7.5m from $71.2m in bets.

The Australian sportsbook operator PointsBet followed with $33.6m in bets and $3.4m in revenue. Penn National Gaming’s Barstool Sportsbook took the fifth spot with $28.7m in bets and $2.1m in revenue.

William Hill trailed behind with $504,006 in revenue from $5.9m in total bets.

Rivers Casino Des Plaines dominated land-based betting in June with just under $12m in bets. This made up the vast majority of the $24.8m wagered at land-based sportsbooks in June.

IGB releases applications for online-only licenses

In addition to releasing the state’s sports betting report for the month of June, the IGB also released the application forms for the three online-only licenses.

These licenses were made available as part of the gambling expansion bill Illinois Governor JB Pritzker signed into law in June 2019 that also legalised sports wagering.

Although the licenses come with a $20m fee, which is almost double the fee for land-based betting licenses, there is still a significant level of interest in the licences.

The licenses will allow up to three more online sportsbook operators to enter the market. At the time of writing, Illinois requires in-person registration for online sports betting and only six operators are taking online bets.

Once the IGB approves or disqualifies each application, it will then “open all qualified applications in a public forum within 48 hours” and disclose all applications.

Sports betting in Illinois

After legalising sports betting in 2019, the market first went live in March 2012 with Rivers Casino Des Plaines taking the first legal bet.

Online sports betting then went live in the Summer of 2020 and for the time being, online betting accounts must be registered in person at a land-based casino sportsbook.

During the early days of the coronavirus pandemic, the state permitted remote registration for online betting, however, the original rules were reinstated in April 2021.