SiGMA

Illinois registers another betting handle record despite drop in revenue

Added: Feb 23, 2021 14:10 Category: Americas , Sportsbetting , Posted by
sw

Illinois sports betting handle for December reached $491.7m, while revenue dropped to $23.9m

Sports betting in America continues to strive as Illinois is the latest state to break a record. Sports bettors recorded a $491.7m handle for December, an increase of 9% from November despite barely any retail activity being recorded.

However, it was not all good news as revenue dropped by 41.3% when compared to November to $23.9m.

During December, casinos were closed for the majority of the month and as a result retail betting revenue amounted to a measly $97,915, with the recorded retail handle just over $180,000 (182,701).

The leader in retail revenue was Casino Queen thanks to DraftKings’ sports book totalling $106,254.

Meanwhile, online revenue amounted to $23.8m, down 40% compared to month-on-month. However, online bettors placed $487.3m which is up 12.4%. This simply means that players won the majority of their bets.

The three way race:

  • Illinois sports betting FanDuel - SiGMA NEWSFanDuel – $7.1m
  • DraftKings – $6.9m
  • Rush Street Interactive – $6.8m

The state benefited from this through gaining $3.8m in tax, with the top 3 operators contributing $1.1m each.

The majority of Illinois’ handle came from professional sports bet at $321m, bringing in revenue of $15m. College sports brought in $165.9m, casinos $8.6m, motor sports $26,507.

The most popular sport in December was football recording revenue of $4.9m and a handle of $204.4m, while parlay bets recorded $5.4m – more than any sport.

Source:IGBNorthAmerica

The SiGMA Roadshow

The SiGMA Roadshow is stepping up its game; now virtual, the webinar will take on a new jurisdiction every month, targeting a global agenda of gritty conference topics and a small, yet buzzing expo floor. Hosted on an interactive platform, the 2 hours mini conference will delve into 5 key areas of debate, bringing key themes specific to the region – such as regulation, tax and compliance, and emerging tech, to a table of thought leaders and academics at the top of their game. The SiGMA Virtual Roadshow will reflect SiGMA’s global events opening in 5 major regions over the next few years, specifically Europe, the CIS region, Asia, the Americas, and Africa. The monthly event, which launches with a worldwide tour of 14 countries, starts off with the recently legislated Ukraine, and will be published via podcast.

Related Posts

BGaming releases Hawaiian-style slot Aloha King Elvis

BGaming launched the brand’s new slot Aloha King Elvis! The game is the sequel of the most popular game in the provider’s portfolio called Elvis Frog in Vegas

Cute Elvis Frog – the main character of the story – this time goes for vacation to the tropical islands full of summer vibes and melodic guitar rhythms. A beach Hawaiian party with Elvis as a headliner will be explosive and full of fun! Eye-catching graphic and bright colors along with upbeat music parts makes the slot juicy and truly hot! The game is already available at reputable casinos such as Crazy Fox, Playamo and others.

Skywind Group partners with colourful online casino innovators Casumo

Skywind Group is very excited to announce its latest partnership with “your favourite online casino” Casumo, who will introduce their players to Skywind’s content in Sweden, Germany and UK

Casumo is a hugely popular operator that has been an influential brand in the world of iGaming for nearly a decade. They were pioneers in gamification and one of the first online casinos to offer tournaments with their “Reel Races”. Their vast amount of games and the bright colorful product design, which many operators later mimicked, has given them mass appeal and loyal players.

IZIBET.com goes live with EveryMatrix’s turnkey solution

EveryMatrix is pleased to announce the relaunch of IZIBET, the online brand has been successfully revamped via EveryMatrix’s turnkey solution earlier this summer

IZIBET is managed by the IZI GROUP, a gaming group that successfully operates the famous Malta-based Dragonara Casino since 2010. IZI Group also manages the largest network of sports betting shops in Malta and now has taken the step to further expand its digital presence and offer players the opportunity to play from anywhere on IZIBET.com.