3 Key Takeaways from Illinois August Sports Betting Report

IllinoisBet.com

By Ron Fritz

After Illinois sports betting had a terrible month in July, it rebounded to top $400 million in total sports handle in August, putting it third nationally among states for the month.

The Illinois total handle of $400.4 million was up 8.5% from July’s $369.1 million. It was helped a little by NFL betting on the preseason.

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But baseball betting ruled in Illinois in August. It had $139.6 million wagered on it, followed by tennis ($43.4 million), soccer ($30.8 million), football ($17.2 million) and basketball ($9.4 million). “Other sports” handle came in at $15.4 million while parlay betting handle was $127 million.

Illinois is the last state to report August sports betting figures. Some states have already released September figures and they have seen big increases with the start of the NFL regular season and college football.

Helped by Illinois, the total sports handle in the U.S. in August was $3.07 billion, up 9.4% from July’s $2.8 billion. Revenue among states was about $196.15 million, down 19.6% from July’s $243.9 million.

Illinois Sports Betting Handle, August vs. July

Total handleMobile HandleRevenue
August$400.360M$380.217M$26.849M
July$369.135M$351.400M$37.612M
ChangeUp 8.5% Up 8.2%Down 28.6%

Here are three key takeaways about IL gambling in the August sports wagering report, released by the Illinois Gaming Board.

Streak of Declines Ends

After four straight months of sports handle declines, August was a good sign for the rest of the year, especially with the NFL regular season about to enter its sixth week and the Bears at 3-2 after a 20-9 win over the Las Vegas Raiders on Sunday.

There is a lot of excitement with the Bears after Coach Matt Nagy named rookie Justin Fields his starting quarterback, and the defense is making it difficult on opposing teams.

Illinois was third behind New Jersey ($664.7 million) and Nevada ($427.4 million) in August sports handle, finishing ahead of Pennsylvania ($348.5 million). Indiana ($215.6 million) was fifth among states.


Mobile Still Strong in Illinois

The mobile sports betting handle in Illinois for August was about 95% of the market, roughly the same as it was in July. The mobile handle of about $380.2 million was an increase of 8.2% over July’s $351.4 million.

What’s more impressive about the mobile numbers is that in-person registration returned to Illinois in April. That hasn’t seemed to make too much of a difference in the overall mobile numbers. Many bettors have clearly already registered at casinos.

Revenue, Tax Numbers Fall

Despite the sizable increase in August sports betting handle, Illinois again saw revenue and taxes decline.

Sports betting revenue for August was $26.8 million, a nearly 30% drop from July’s $37.6 million. A hold that fell below 10% attributed to the decrease.

The state saw more than $4 million in taxes ($4.4 million), but that was again down 27.9% from July’s $6.1 million. Cook County received $294,458 in August tax revenue.

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WRITTEN BY
IllinoisBet.com
Ron Fritz
Ron is assistant managing editor of IllinoisBet.com. He spent nearly 13 years at The Baltimore Sun, including 12 as sports editor. He previously was sports editor at The News Journal in Wilmington, Delaware, for nearly eight years after serving as a news editor there for four years.
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Ron is assistant managing editor of IllinoisBet.com. He spent nearly 13 years at The Baltimore Sun, including 12 as sports editor. He previously was sports editor at The News Journal in Wilmington, Delaware, for nearly eight years after serving as a news editor there for four years.
... Read More