It was another record-breaking month for Illinois. On a state-by-state basis, October’s sports betting handle, which accumulated $840.4 million since the beginning of 2018 is slated as the eighth largest handle ever recorded. The national handle for the month totaled $7.06 million.
Illinois Sets More Sports Betting Handle Records
The Illinois Gaming Board released the numbers on Wednesday stating that retail and online sportsbooks across the state easily topped the record that was set last March which showed $633 million. October’s sports betting handle shows a significant increase from September’s numbers which was a total of 596.5 million portraying a percentage increase of 40.9.
The year-to-date numbers are up 93.4 percent from $434.6 million. Not all states had an increase in revenue as many sportsbooks in numerous states were offering promotions to new and existing customers and bettors in other states saw bettor-friendly results.
October’s mobile sports betting handle totaled $803.4 million which was 41 percent higher than September’s figures. Mobile wagers made up approximately 95 percent of the state’s total handle.
On the other hand, Illinois saw an increase in revenue. Sportsbooks across the state reported a record $48.3 million in sports betting revenue for a 5.7% hold, which resulted in $7.9 million in tax revenue. The former record was set in September which showed $5.3 million. The sports betting handle from Arizona has yet to be released for both September and October.
An extra weekend for October helped bring the sports betting handle numbers up mainly due to college football and the NFL. Even though bettors in Illinois had good results in football, the state had a strong revenue showing.
$330.1 million was wagered on football during that five-week span, and sportsbooks were able to keep $6.4 million of it which is good for a 2.0 percent hold. The report did not differentiate between collegiate and professional sports; however, $127.3 million was wagered on college sports.
Basketball came in lower than usual as both the NBA and college basketball seasons were just beginning. A total of $93.3 million were placed in the sport and revenue only made up $3.3 million which was slated as a 3.5 percent hold.
The numbers were looking good for those two sports alone, but parlays helped steer the Illinois sports betting handle towards the right direction. A total of $118.7 million were placed on parlays and the sportsbook operators were able to keep $24.5 million which was good for a 13 percent hold.
RELATED: Use the BetMGM Illinois Sportsbook Bonus Code “USBETTING”
Which Sportsbook Operators Benefited the Most in October?
There is still no online registration available for the state, but there is still hope for the rule to change as the state awaits Gov. Pritzker’s signature to end the requirement by March 5th. This would be just in time for March Madness.
DraftKings Sportsbook took the most bets which totaled $308.8 million for the online handle, or 38.4% of the $803.4 million wagered online. FanDuel Sportsbook showed a total was $235.4 million, or 29.3% of online sports betting handle. However, FanDuel brought the most revenue in the state which totaled $22.3 million over $11.7 million for DraftKings.
Rush Street Interactive‘s BetRivers was third in both categories in regards to handle share and total revenue. Rush Street accepted $119 million in online wages which was good for a 14.8 percent share. It also recorded $8 million in total revenue for the month.
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Tyler has a true passion for sports, DFS & sports betting in particular. Combine his love for sports with his journalistic background and you have a great guy to cover the latest industry news. He also enjoys disc golf, fishing and traveling in his free time.