Sportsbooks in Illinois took almost $55m in revenue in June despite the seasonal decline in sports during the end of Q2.
As per data released from the Illinois Gaming Board, operators took $665.8m in handle for the 30 days in June, up 5.9% year-over-year as Illinois quietly asserts itself as one of the US’s largest sports betting markets.
Operators enjoyed a hold rate of 8.2% in June, though this rate was the lowest win rate since February, and 2.6ppts behind the record 10.8% set in the previous month of May.
Consequently, operators made $54.7m in revenue throughout the month of June, up 33.8% YoY as the Land of Lincoln continues to grow as an online sports betting market.
However, this marks a 38.6% drop from May, although this is expected with the lull in sporting action during this period of the year.
Per operator, DraftKings took the most in handle during June, processing $229.6m throughout the month. Meanwhile, FanDuel was close behind processing $221.5m in bets for the month. BetRivers took $54.7m, whilst Caesars took $47.8m. No other operators handle more than $45m.
On the revenue front, FanDuel took home the number one spot, enjoying a 9.7% hold rate to yield $21.5m, while DraftKings lagged behind in second generating $16.9m.
Here is a list of other operators’ revenue:
BetRivers: $5.1m
BetMGM: $2.7m
Caesars: $2.6m
PointsBet: $2.4m
Barstool: $1.9m
Taking into account the tax rate of 15% on GGR in Illinois, sportsbook operators paid $8.2m to the state for June.
Meanwhile, for H1 of 2023 Illinois’ market made $494.8m, marking an increase of 45% YoY, demonstrating the growth phase that the market, which opened in March 2020, is still experiencing.
