In a remarkable display of its thriving sports betting industry, Illinois recorded a record-breaking handle of $1.07 billion in March, marking a substantial year-on-year increase of 10.4%. This impressive figure also represents a noteworthy 22.5% surge from February’s handle of $875.4 million. Furthermore, Illinois sportsbooks generated over $107.4 million in revenue for the month, constituting a significant 49% increase compared to the previous month and marking the second-highest revenue in the state’s history.
Online Dominance
The digital sphere continued to drive Illinois’ sports betting success in March, accounting for 96% of both the handle and the revenue. In contrast, brick-and-mortar sportsbooks contributed nearly $34 million in wagers and $3 million in revenue. Furthermore, the state ranked third in the United States in sports betting taxes, collecting a substantial $15.6 million.
Market Leaders
Among the notable players in the Illinois sports betting landscape, FanDuel led the mobile market with an impressive $40.1 million in revenue, derived from a substantial handle of over $369 million. DraftKings secured the second position, amassing $27.1 million in revenue from a handle of $328.6 million. BetRivers, another key player, generated $8.3 million in revenue.
Illinois’ sports betting industry continues to demonstrate robust growth and competitiveness, with online platforms emerging as the primary driver of the market. As the state achieves record-breaking handles and revenue, it solidifies its position as a major player in the sports betting landscape.
Illinois’ remarkable achievement of a record sports betting handle in March underscores the resilience and growth of the state’s sports betting industry. With a strong focus on the digital sphere, Illinois has managed to attract substantial wagering activity and revenue. The success of major players like FanDuel, DraftKings, and BetRivers further reinforces the state’s position as a thriving hub for sports betting.