Illinois sports betting revenue close to $55m in June

Chicago Illinois
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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.