Late arriving Illinois sports activities betting outcomes are rosy

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Illinois had another record month for sports betting December 2020beat $ 492 million.

That was almost 10% more than compared to November, although all land-based casinos in Illinois are closed due to the coronavirus pandemic. The increase was aided somewhat by a lower hold rate, suggesting bettors are more likely to recycle their profits.

Hold on for the month was 5.7%, down from 8.2% in November, according to the state report that followed. This in turn led to one 23% Sales decline on $ 28.4 million.

Illinois remains the fourth largest betting market in the US New Jersey, Nevada and Pennsylvania.

Illinois Retail and Online Sports Betting for Full Year 2020 Produced:

  • $ 1.9 billion in bets
  • $ 125.5 million in taxable income
  • $ 20.2 million in state and local taxes

Who is the leader in IL sports betting?

Like last month DraftKings was the largest operator of Handle. The Massachusetts-based operator had one 40% Proportion of the handle, in front FanDuel With 29% and BetRivers With 23%.

PointsBet would have 9% of handle while William Hill rounded the market with one 6% Share.

In terms of revenue, it was a much closer competition:

  • DraftKings: 30%
  • FanDuel: 29%
  • BetRivers: 26%

These five operators may not have the market to themselves much longer. Penn hopes to Start the Barstool Sportsbook in IL In front March madness. Unibet also has that in its sights Land of Lincoln.

What is Illinois betting on?

Predictably, football was king in December, the last month of the year NFL regular season.

Football moved around 42% handle of everything, followed by basketball nearby 29%, then play with 18%.

Football was the fourth most popular sport to bet on.

What's Next for Illinois Sports Betting?

Two major problems face sports betting in Illinois.

First, Governor JB Pritzker The executive order that enables remote login again will expire 6th March. Pritzker is expected to expand this further, but operators would feel more confident with a permanent change in the law.

The industry is also lagging behind House bill 0849, This would end the ban on betting on state college teams. Rep. Mike Zalewski Bill was referred to the rules committee last week and today has gained two new co-sponsors.

Its passage could help Illinois get into the top three betting markets in the US.