Illinois sports wagering posts new high in January

COLLINSVILLE – Illinois sports wagers in January totaled nearly $ 870 million for the first time.

The sports calendar included an extended NFL regular season and expanded playoffs played over five weekends, as well as increased action on basketball, according to which tracks the state’s regulated online gaming and sports betting market.

“The momentum of the last four months will serve sportsbooks well, as the removal of the in-person registration requirement on March 5 moved Illinois sports betting into a new era,” said Joe Boozell, lead analyst for “Sports betting has continued to gain popularity in the state, and with the reins lifted, Illinois could very well grow into the second-largest market in the US this year.”

Illinois’ sportsbooks generated $ 867.5 million in online and retail wagers in January, breaking the record $ 840.4 million in wagers accepted in October, according to state data released Thursday. January’s handle was up 9.9% from $ 789.6 million in December and up 49.2% over the $ 581.6 million generated in January 2021.

Betting volume grew to $ 28.0 million per day over the 31 days in January from $ 25.5 million in December and $ 18.8 million per day in January 2021.

Sportsbooks won $ 59.3 million in gross revenue from January’s bets, up 61.2% from $ 36.7 million in December and up 20.2% from $ 49.4 million in January 2021. With $ 66.2 million in taxable revenue, $ 10.7 million in tax revenue was injected into state and local coffers.

In Illinois, football betting produced $ 224.1 million in wagers in January, down from $ 265.7 million in December. Basketball betting reached $ 276.2 million in January, up from $ 226.4 million in December.

“The NFL did sportsbooks a massive favor by expanding its regular season and playoff schedule,” said Eric Ramsey, an analyst for the Network, which includes “The fact that those additional games were all squeezed into one month helped produce some eye-popping numbers in Illinois and beyond.”

Online betting accounted for $ 829.1 million, or 95.6%, of all wagers in January.

DraftKings in East St. Louis topped operators in the state with $ 293.2 million in combined online and retail handle, including $ 283.7 million in online wagers. That handle produced $ 17.2 million in gross revenue.

FanDuel in Collinsville was second with $ 261.2 million in online and retail wagers, including $ 259.1 million in online wagering. That yielded a state-high $ 23.0 million in gross revenue.

According to Boozell, the NCAA Tournament and the removal of the state’s in-person registration rules, PlayIllinois projects that March could see close to $ 1 billion in wagers. BetMGM also launched over the weekend, with more online sportsbooks expected to launch during 2022 in Illinois.

“The first two years of sports betting in Illinois have been a rocky road, making it one of the more unusual markets in the US,” Boozell said. “Despite that, the top sportsbooks have thrived. Ideally, the changes will help expand the market and foster a more competitive and healthy market. “

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