Illinois Sportsbooks See Revenues Fall In February, Up Year-Over-Year

Illinois Sportsbooks See Revenues Fall In February, Up Year-Over-Year
Fact Checked by Nate Hamilton

It was a mixed bag of results for Illinois sportsbooks during the month of February, with a double-digit decline in handle month-over-month, but strong growth versus the same period in 2022.  

Overall, the state’s retail and online sportsbooks took in $875,387,789 in total handle, which was down 18.2% from January’s total of $1,070,033,292.  

The second month of 2023 was a sizable improvement over the same period a year ago, with a 29.9% improvement over last year’s handle of $652,322,787.  

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February Numbers Down Compared to January

Illinois sports betting revenue in February was $68,423,067, down 28.7% from January’s sum of $96,011,984, but up 92.2% from last year’s figure ($35,600,085).  

Illinois’ sports betting tax haul in February was $11,046,351, down 28.9% from January’s total of $15,544,928.  

Here’s what else you should know about the Illinois Gaming Board’s report for the month of February:  

Illinois Sports Betting Handle, February vs. January

Total handleMobile HandleRevenue
February$875.388M$847.357M$68.423M
January$1.070B$1.033B$96.012M
Change Down 18.2% Down 18.0% Down 28.7%

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Basketball A Big Mover For Illinois Sportsbooks In February

The main motivator for Illinois sportsbooks, handle-wise, during the month of February, was basketball, which generated $360,827,648 for the state.  

Trailing the hardwood were tennis ($77,836,721), football ($55,323,362), soccer ($45,645,333), and hockey ($31,360,440).  

Other sports contributed a combined handle of $43,780,888 in February, while parlays chipped in a total handle of $240,442,689.  

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Where Illinois February Handle Ranks Nationally

Illinois sportsbooks combined to post the second-largest sports betting handle in the nation, ranking behind New York ($1,474,299,932) and ahead of New Jersey ($847.4 million).  

Other states that Illinois beat out for the second-largest sports betting handle during the second month of the year were Nevada ($659.4 million), Ohio ($639.8 million), and Pennsylvania ($599.5 million).  

With Arizona being the lone holdout to report February wagering revenue, it’s safe to assume that Illinois will hold onto its No. 2 spot nationally during the month.  

The state also has the second-largest handle in the country through two months of the year ($1,945,421,081) behind New York’s total of $3,273,348,298.  

Illinois’ sports betting handle through February also represents a 25.8% year-over-year increase from last year’s total through February ($1,546,879,694), showing the market’s continued growth in Year Four of legal wagering in the Land of Lincoln.  

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National Sports Betting Handle Leaderboard

NY: $1,474,299,932 

IL: $875,387,789 

NJ: $847.4M 

NV: $659.4M 

OH: $639.8M 

PA: $599.5M 

VA: $433.8M 

CO: $425.1M 

IN: $356,187,759 

MD: $339,421,546 

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Author

Christopher Boan is a lead writer at IllinoisBet.com specializing in covering state issues. He covered sports and sports betting in Arizona for more than seven years, including stops at ArizonaSports.com, the Tucson Weekly and the Green Valley News.

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