The Illinois Gaming Board has released its latest monthly revenue report revealing that the state’s sportsbooks set an all-time monthly revenue record of $78.2 million during the month of November.
The new revenue record was set despite the state’s sportsbooks taking in only $779.8 million in wagers during the month. This was well short of the record of $840.4 million set in the previous month when sports betting operators generated only $48.3 million in revenue.
According to the report released by the gaming board, $44 million of all revenues were generated by parlay wagers with Illinois casino users and bettors placing over $166.4 million in parlay wagers during the month. Sportsbooks held a record-breaking 26.5% on these types of bets.
The busy NFL schedule saw sportsbooks generate $21.2 million in revenue from football betting alone.
As a result of the record-breaking revenues, the state collected over $12.7 million in taxes, another state record.
Mobile sports betting accounted for 95.7% of all betting activity as gamblers placed $746 million in wagers through online sportsbooks. DraftKings dominated the market with a 38% share of all mobile sports bets as its customers wagered over $283.8 million through the DraftKings app.
FanDuel was its nearest competitor reporting over $214.4 million in wagers through its online operations. Meanwhile, BetRivers was the only other online sportsbook to accept over $100 million in wagers with a handle of $112.3 million.
The market leader in retail sports betting was River Des Plaines with a handle of $15.5 million for the month.
Image credit: Kevin Brown / CC BY-NC-ND 2.0
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.