Although total wagering slowed to $780m, record win made for a bumper month. Indeed, Illinois continues to be a significant contributor to the sports betting market across the US, accounting for more than 12% of total sports revenue for November.
As explained by Eric Ramsey, Analyst, PlayUSA.com Network: “Even in what was the most profitable month in US sports betting history, Illinois stands out because of how dramatic its growth has been.
"What is most remarkable is the state’s sportsbooks continue to post these results with the market hampered by the ban on in-state college sports and in-person registration. The sky will truly be the limit with those handcuffs removed.”
In terms of overall betting handle for Illinois, the state fell just short of revenue accrued a month earlier, with October’s turnover hitting $840m. There is anticipation, however, that the record is not far from being overturned, with fewer football matches in November compared with October, and an expectation that the ban on college wagering will soon be lifted. Additional sportsbooks are also expected to be launched in the early months of 2022.
Joe Boozell, Lead Analyst, PlayIllinois, commented: “In a young market like Illinois, sportsbooks continue to expand their reach, and bettors are becoming increasingly comfortable with less conventional products such as in-game betting. With an already expanding market and regulation changes in the state that will open new avenues for sportsbooks, 2022 should bring explosive growth.”
Of the leading operators in November, DraftKings/Casino Queen topped the pile with $289m revenue, followed by FanDuel with $216m.
