Illinois sports betting handle falls to $369m in July

Illinois is the latest US state with legal betting to publish its sports betting figures for the month of July.

According to the latest figures from the Illinois Gaming Board (IGB), bettors in the state wagered $369.1m on sporting events in July.

The state’s handle in July was down 22.5% from the $476.5m wagered in the previous month of June.

Of the state’s total handle for the month of July, $351.4m was wagered via online sportsbooks in the state.

Sportsbook operators in the state managed to generate $37.3m in revenue from sports betting operations in July. 

Revenue was down almost 23% on the $48.2m generated in June, which in turn left the state with $5.6m in tax revenue.

DraftKings dominates

DraftKings, which is partnered with Casino Queen, led the market in terms of handle after bettors wagered $122.7m with the duo in July. Of this total, $120.5m was wagered via the online sportsbook.

Although DraftKings dominated in terms of handle, the operator generated $9,5m in revenue, which was the second-highest revenue figure for the month.

FanDuel, which is partnered with Par-A-Dice Casino in East Peoria, followed close behind with $118.5m in handle, and of this $118m was wagered online. Despite coming in second place for handle, FanDuel took the top spot for revenue with $15.5m.

BetRivers trailed in a distant third place after processing a total of $68m in bets and generating $6.1m in revenue.

What about the state’s other sportsbooks?

The Australian operator PointsBet managed to generate $2.6m in revenue from a total of $28.5m in bets.

Penn National Gaming’s Barstool-branded sportsbook processed $23.5m in bets and held on to $2.2m in revenue. William Hill came in the last place with $5.3m in bets and $853,946 in revenue.

Illinois vs the other states in July

With Illinois publishing its figures for July, the legal US sports betting industry can put one of the year’s slowest months behind it.

In July, every US state with legal sports betting saw a drop in handle for the month, mostly due in part to the lack of sporting events to bet on.

With the publishing of Illinois’ betting figures for July, it has been revealed that Illinois had the third-highest handle figure for the month.

In July, the state of New Jersey took the top spot with $578.7m in handle, followed by Nevada with $409.9m. 

Illinois took the third spot with $369.1m in bets, while Pennsylvania followed with $304.4m and Michigan took the fifth spot with $206.3m in handle for the month.

Sports betting in Illinois

After legalizing 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.