Illinois Records $400.3 Million August Sports Betting Handle

Illinois Records $400.3 Million August Sports Betting Handle © USA Today

Following the lowest handle of the year in July, Illinois sports betting saw a slight bump in August.

The state’s August handle was $400.4 million, up 8.5% from July’s $369.1 million.

August’s handle ended four straight months where sports wagering activity in Illinois decreased.

Despite the higher handle, sports betting revenue was down. The Illinois Gaming Board reported $26.8 million in revenue, a decline of 28.6% from July’s $37.6 million. Illinois’ sports betting tax was $4.3 million, down 27.9% from July’s $6.1 million.

The slight boost can be attributed to the return of football. The NFL betting season started with preseason games taking place in August, in addition to the college football season beginning. September should provide another boost to the overall sports betting figures with the NFL regular season in full swing and more college football games for bettors to place action on.

Illinois will also see increased betting this fall thanks to the NBA and NHL regular seasons beginning in October.

For August, Illinois recorded the third-highest handle in the country. New Jersey ($664.7 million), Nevada ($427.4 million), Illinois ($400.4 million), Pennsylvania ($348.5 million) and Indiana ($215.6 million) made up the top five largest handles nationally.

Illinois Sports Betting Handle, August vs. July

Total handleMobile HandleRevenue
August$400.360M$380.217M$26.849M
July$369.135M$351.400M$37.612M
ChangeUp 8.5% Up 8.2%Down 28.6%

Mobile Betting Highest Handle

The number of online sports wagers in Illinois increased in August. Mobile betting made up $380.2 million of the overall sports betting handle, up 8.2% from July’s $351.4 million.

Mobile wagering was 94.9% of the overall handle, which was like the 94.8% mark in July.

Online bets are still being placed despite the hurdles a new person would face when registering for a mobile sports betting account. In April, Gov. JB Pritzker reinstated the in-person registration requirement for new users. The in-person mandate was lifted for most of the pandemic. Illinois and Nevada are the only two states that require in-person registration to place bets online.

August National Sports Betting

Illinois is regularly the last state to report its monthly sports betting figures, meaning we don’t get totals for the country until the Illinois Gaming Control Board files the figures. August’s total sports betting handle nationally was $3.1 billion, up 9.4% from July’s $2.8 billion. Total revenue for August was $196.1 million, down 19.6 from July’s $243.9 million.

The handles across the board are expected to rise in September with football returning. The month also marked the launch of Arizona’s online and retail sports betting markets.

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Source : https://www.gambling.com/news/us/illinois-sports-betting-handle-increases-in-august-2716400

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Illinois Records $400.3 Million August Sports Betting Handle

Source:gambling

Illinois Records $400.3 Million August Sports Betting Handle