Illinois sports betting handle passes $400m in August

Illinois’ sportsbook operators posted an increase in handle but saw adjusted gaming revenue fall to its lowest monthly total of the year.

According to the latest figures from the Illinois Gaming Board (IGB) bettors in the state wagered $400.4m on sporting events in August.

August’s handle was up 8.5% on the $369.1m wagered in the month of July and took the third spot among the 19 states, and Washington DC, that offered legal sports betting in August.

While handle was up month-on-month, revenue fell to its lowest monthly total of the year, with sportsbooks generating $26.8m from betting operations for the month of August.

Despite the monthly dropoff in revenue, the state received more than $4m in taxes, bringing the total tax revenue generated by the state for the year up to $47.9.

DraftKings is still the most popular sportsbook

When it comes to betting handle, DraftKings took the top spot in Illinois’ betting market after taking $146.6m in bets. Although DraftKings took the top spot for handle, revenue fell 19.7% to just under $7.3m.

This marked the seventh time in eight months where DraftKings has outperformed its competitors in terms of handle. DraftKings also became the first online sportsbook operator in Illinois to pass the $2bn mark for completed events.

FanDuel took the second spot for handle again, after processing $110.9m in sports bets in August. Despite coming in second for bets, FanDuel took the top spot for revenue after holding onto $9.3m for the month.

BetRivers followed in third place with $64.8m in bets and $4.7m in revenue, while PointsBet took the fourth spot with $27.3m in bets and just under $2m in revenue.

Penn National’s Barstool Sportsbook took $25.5m in bets and managed to generate $2.1m in revenue.

Caesars took sixth place in August and managed to generate $198,983 in revenue after taking $5.2m in bets.

What did people bet on?

Baseball was the most popular sport to bet on in Illinois in August, accounting for $138.6m of the state’s handle for the month.

Parlay bets followed and accounted for $126.6m of the state’s handle, while tennis followed with $43.2m and soccer trailed with $30.9m in bets.

The “other” sports category accounted for $15.7m of the state’s handle for the month.

Illinois vs the rest of the US

As per usual, the state of Illinois released its monthly figures a month later than other US states with legal betting. 

Despite this, the state managed to finish in third place when compared to other states with legal sports betting for the month.

The state of New Jersey took the first spot in August with $664.7m in bets and $52m in betting revenue. Nevada came in second place with $427.4m in sports wagers and $14.3m in revenue from sports betting operations.

Illinois also managed to clear the $4bn mark for 2021 sports betting handle, trailing behind New Jersey with $6.1bn and Nevada with $4.2bn.