• About Us / Contact
  • Responsible Gambling
This site contains commercial content
SportsHandle
  • US Sports Betting
    • Arizona
    • Colorado
    • Illinois
    • Indiana
    • Kentucky
    • Louisiana
    • Maryland
    • Massachusetts
    • Michigan
    • New Jersey
    • New York
    • North Carolina
    • Ohio
    • Pennsylvania
    • Tennessee
    • Virginia
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel Sportsbook Promo Code
    • BetMGM Bonus Code
    • Bet365 Bonus Code
    • Caesars Sportsbook Promo Code
    • ESPN BET Promo Code
    • Fanatics Sportsbook Promo Code
    • BetRivers Promo Code
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News
No Result
View All Result
SportsHandle
  • US Sports Betting
    • Arizona
    • Colorado
    • Illinois
    • Indiana
    • Kentucky
    • Louisiana
    • Maryland
    • Massachusetts
    • Michigan
    • New Jersey
    • New York
    • North Carolina
    • Ohio
    • Pennsylvania
    • Tennessee
    • Virginia
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel Sportsbook Promo Code
    • BetMGM Bonus Code
    • Bet365 Bonus Code
    • Caesars Sportsbook Promo Code
    • ESPN BET Promo Code
    • Fanatics Sportsbook Promo Code
    • BetRivers Promo Code
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News
No Result
View All Result
SportsHandle
No Result
View All Result

Illinois Barely Misses Second Spot Nationally For Sports Betting Handle In June

Land of Lincoln continues to nip at New Jersey's heels with only seven mobile operators

Chris Altruda by Chris Altruda
August 12, 2022
in Industry
Illinois 2022 june revenue report

Shutterstock

Share on FacebookShare on Twitter

The Illinois Gaming Board reported traditional sports wagering handle of close to $628.5 million for June late Thursday, marking the second consecutive month Illinois narrowly finished behind New Jersey as they vied for the No. 2 spot nationally behind New York.

The gap in June between New Jersey and Illinois was larger than May, but still small at $4.7 million after being separated by $1.8 million previously. Illinois, though, did widen the distance between itself and Nevada for all of 2022, extending its lead in handle to $370 million more than the Silver State. Illinois generated nearly $4.8 billion handle in the first half of 2022 and close to $13.7 billion since accepting its first wagers in March 2020.

The betting public brought operators down a peg by limiting them to a 6.5% win rate in June after back-to-back months with holds of 8.4% and higher. The $40.9 million in operator revenue was 39.4% lower compared to May’s $67.5 million and the second lowest of the year, ahead of only the $35.6 million claimed in February. Handle dipped 17.8% versus May but was still 70.3% higher compared to June 2021.

The state collected $6.1 million in taxes, pushing the total for the year above $51 million. Cook County, which receives 2% in taxes from all revenue on wagers made within county limits — which includes the city of Chicago — collected nearly $450,000 in receipts from more than $22.3 million in revenue.

BetRivers holds off PointsBet for third

FanDuel and DraftKings were 1-2 for mobile handle, maintaining the status quo by combining for nearly $385 million between them and close to 65% of the overall wagers made via online and smartphone. But the remaining 35% spread among the state’s other five operators has become more contested as newcomer BetMGM continues to assert itself and BetRivers may not be marketing its parlay offerings as aggressively as its rivals.

BetRivers’ $60.9 million handle was its smallest since accepting $59.1 million in wagers in July 2021. It also finished last among operators when it came to parlay handle at less than $3.9 million — accounting for just 6.3% of its handle.

By comparison, Caesars Sportsbook had the next-smallest percentage at 14.7%. It has had parlays represent 8.9% or higher of its mobile handle in each of the four months it has offered parlays since completing its migration from William Hill in March. Since launching in March, BetMGM has had at least 16.4% of its monthly handle derive from parlays.

Sign Up For The Sports Handle Newsletter!
I also want to receive information and offers about online sportsbooks (eg. odds boost, welcome offers)

PointsBet was a close fourth with $52.7 million in wagers, with BetMGM rounding out the top five at $37.8 million. Barstool Sportsbook fended off Caesars for sixth, generating nearly $35.9 million handle to the $32.6 million from Caesars.

Parlay handle totaled $140.2 million, the second-largest amount in any category the IGB provides in its reporting, as the total bet for the year cleared $1 billion. FanDuel accounted for nearly half of June’s parlay handle at $62.2 million, with DraftKings a distant second at $41.1 million.

A surprising third in overall handle was tennis, with late-round French Open and early round Wimbledon wagering helping drive a record $86.5 million that was bet on it. FanDuel accounted for nearly one-third of that total with $28.7 million wagered, with a good portion of it appearing to come via in-play wagering. The IGB does not break out Tier 2 wagering by sport, but FanDuel’s $103.9 million overall handle for in-play betting was some $40 million better than second-place DraftKings.

Both FanDuel and PointsBet hit notable all-time handle milestones, with FanDuel the second mobile operator to clear $4 billion in Illinois along with DraftKings. The Aussie-based PointsBet became the fourth book to cross the $1 billion threshold, with BetRivers already accomplishing that feat.

FanDuel claims another handle-revenue double

FanDuel again did the double of top handle and top revenue in Illinois, claiming $16.6 million while posting an 8.2% win rate. It finished just shy of $11 million in parlay revenue, with its 17.7% hold there actually dragging its year-to-date hold below 21% following a 25.6% win rate in April and 29.7% in May.

DraftKings totaled $9 million in revenue, posting a 4.9% hold on $183.2 million handle. BetRivers was the only other online operator to clear $3 million, finishing with $4.8 million and a 7.8% hold. DraftKings, Caesars, and BetMGM all had sub-5% holds, with BetMGM customers possibly continuing to use their risk-free promotional wagers on parlays.

BetMGM had a paltry 1.2% win rate on parlays, claiming less than $84,000 in June. That still represented a marked improvement, as it had totaled just $450 in revenue over the first three months in the category. BetMGM has an overall 0.3% hold on close to $32 million worth of parlay bets.

In revenue by category, parlays ruled the roost with more than $20.2 million on a 14.4% hold — 15.1% when excluding BetMGM. Operators claimed nearly $6 million in revenue from baseball wagers, but with only a 2.7% hold on $221.8 million that was bet. The bump in tennis handle contributed a third-place finish in revenue at $4.1 million, while hockey was fourth at $3.8 million thanks in large part to a 14.3% hold — the highest of any month with at least $10 million wagered.

Basketball rounded out the top five revenue spots at $3.2 million, and soccer ($2.2 million) and golf ($1.4 million) rounded out the sports with seven-figure revenue totals.

ShareTweetShare
Chris Altruda

Chris Altruda

Chris Altruda was a sportswriter with ESPN, The Associated Press, and STATS for more than two decades before coming to Better Collective in 2019. When not crunching sports betting revenue figures, he is usually listening to Iron Maiden or exploring Chicago neighborhoods. His Twitter handle is @AlTruda73 and can be reached via email at [email protected]

This site contains commercial content. We may be compensated for the links provided on this page. The content on this page is for informational purposes only.

Related Posts

fanduel promo code design with malachi corley of western kentucky
Promotions

FanDuel Kentucky Early Sign-Up Promo Earns $100; Bet $5, Get $200 in Mass., Ohio, New York, All Other States

September 21, 2023
Tim Nwachukwu/Getty Images
Industry

Pennsylvania Sportsbooks Saw More Action In August, And Bettors Did Better

September 19, 2023
Load More

Top Stories

hard rock guitars hotel lobby

Mobile Sports Betting In Florida At Least A Few Weeks Away, And Probably Much More

September 19, 2023
Getty Images

Will Prohibet Provide One-Stop Shopping For Detection Of Sports Betting Infractions?

September 14, 2023
have-a-game-plan-bet-responsibly-screenshot

Bettors Know All About Responsible Gambling, But Most Don’t Use Tools

September 12, 2023
nfl logo football

Schuetz: Football Is Back β€” Forget Everything You ThinkΒ You Know About Betting

September 6, 2023

State Sports Betting Guides

Sports Betting in Kentucky

Kentucky Sports Betting – Pre-Launch Offers & Best Legal Sportsbook Apps for 2023

by Dukes Wooters
September 19, 2023

Ohio (U.S. state) flag waving against clear blue sky, close up, isolated with clipping path mask alpha channel transparency, perfect for film, news, composition

Ohio Sports Betting – All Online Sportsbooks, Bonus Offers, and News 2023

by Brian Pempus
September 21, 2023

Downtown Detroit at twilight (Shutterstock)

Michigan Sports Betting – Where To Play, Online Sportsbooks, And FAQ

by Brett Smiley
September 6, 2023

VA captial

Virginia Sports Betting – Where To Play, Online Sportsbooks And Bonus Offers

by Brett Smiley
September 1, 2023

nj flag

New Jersey Sports Betting — Where To Play, Online Sportsbooks, And FAQ

by Brett Smiley
September 6, 2023

Canada Sports Betting Guides

Canada Sports Betting – Best Sportsbook Apps 2023

British Columbia Sports Betting – Legal Update, Available Sportsbooks, and FAQ

Ontario Sports Betting – Legal Status And Where To Play

SportsHandle

  • Analysis
  • Casino
  • Features
  • Horse Racing
  • Industry
  • Legal
  • Legislation
  • Lottery
  • Opinion
  • Podcasts
  • Poker
  • Politics
  • Promotions
  • Regulation
  • Sports
  • Uncategorized

Better Collective

This website is owned and operated by Better Collective USA. Trademarks and copyrights referenced on this website are and shall remain the exclusive property of their respective owners and/or licensors. Please be sure to visit the operator’s website(s) to review their terms & conditions. We advise you to read these carefully as they contain important information. Copyright Β© 2023 USBets.com | Better Collective USA
21 Play Responsibly
Gamble Aware West Virginia
Gambling Problem? Call 1-800-Gambler.
GameSense

Search Sports Handle

No Result
View All Result
  • About Us / Contact
  • Responsible Gambling

No Result
View All Result
  • US Sports Betting
    • Arizona
    • Colorado
    • Illinois
    • Indiana
    • Kentucky
    • Louisiana
    • Maryland
    • Massachusetts
    • Michigan
    • New Jersey
    • New York
    • North Carolina
    • Ohio
    • Pennsylvania
    • Tennessee
    • Virginia
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel Sportsbook Promo Code
    • BetMGM Bonus Code
    • Bet365 Bonus Code
    • Caesars Sportsbook Promo Code
    • ESPN BET Promo Code
    • Fanatics Sportsbook Promo Code
    • BetRivers Promo Code
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News