Illinois Reports Record Sports Betting for January
The latest all-time monthly high for Illinois was the fourth-straight billion-dollar month of handle as well for the state, which has matured into one of the biggest markets in the U.S. for operators.
Sports betting sites in the Land of Lincoln had another record month in January.
The Illinois Gaming Board reported recently that there was approximately $1.07 billion in legal sports betting in January, up from $1.03 billion in December and $867.5 million in January 2022.
The latest all-time monthly high for Illinois sports betting was the fourth-straight billion-dollar month of handle as well for the state, which has matured into one of the biggest markets in the U.S. for operators.
Moreover, the record amount of wagering produced $96 million in revenue for bookmakers, or a win rate of nearly 9%. As a result, the state received $14.4 million in tax from January's wagering. Cook County, home to Chicago, collected another $1 million or so in tax from January's action.
The bulk of wagering in Illinois in January was done online, and the leading online sportsbook by handle for the month was FanDuel, with $371.6 million in bets. Second in the state for the month was DraftKings, which took $331.4 million in bets.
Geoff has been writing about the legalization and regulation of sports betting in Canada and the United States for more than three years. His work has included coverage of launches in New York, Ohio, and Ontario, numerous court proceedings, and the decriminalization of single-game wagering by Canadian lawmakers. As an expert on the growing online gambling industry in North America, Geoff has appeared on and been cited by publications and networks such as Axios, TSN Radio, and VSiN. Prior to joining Covers, he spent 10 years as a journalist reporting on business and politics, including a stint at the Ontario legislature. More recently, Geoff’s work has focused on the pending launch of a competitive iGaming market in Alberta, the evolution of major companies within the gambling industry, and efforts by U.S. state regulators to rein in offshore activity and college player prop betting.
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