All About Illinois Sports Betting Handle And Revenue

The experts at IllinoisBet.com have assembled this guide to explain what we mean when we talk about Illinois sports betting financial figures, which include handle, revenue and tax collections.

The sports betting market in Illinois includes retail sportsbooks at the state’s nine casinos, plus mobile sports betting apps from eight of the nine casinos (Harrah’s Joliet does not have a mobile sports wagering app but it has a retail sportsbook).

In the financial language of sports betting, handle is simply the total of all sports wagers made in the state during one calendar month. The handle can be specified as either retail (in person) or online (using a device such as a laptop, desktop or mobile phone). In Illinois, bettors wager hundreds of millions of dollars each month – sometimes more than a billion dollars – and the vast majority of the action is on Illinois sportsbook apps.

Revenue is what is left for the gambling operators after winnings are paid out. The tax collections from sports gambling is determined by a 15% tax rate (plus additional taxes for wagers placed in Cook County and the City of Chicago) that is applied to the operators’ Revenue.

Sport gambling in Illinois was legalized in 2019 with the Sports Wagering Act. The first legal sports bet was placed in March 2020.

Illinois Sports Betting, December vs. November

Total handleMobile HandleRevenue
December $1.314B $1.274B $128.430M
November $1.375B $1.337B $72.705M
Change Down 4.5% Down 4.7% Up 76.6%

đź’° Visit our Illinois Tax Calculator to see how much you owe from your winnings

Illinois Sports Betting Handle and Revenue: December 2023

The final month of the year was a strong one for Illinois sportsbooks, with the fourth consecutive total handle in excess of $1 billion and a new record for total and mobile sports betting revenue.  

 

Overall, Illinois sportsbooks took in a total handle of $1,314,056,821 in December, which was down 4.5% from November’s total of $1,375,398,292, but up 32.6% year-over-year from the $990,965,303 the same operators took in during 2022.  

 

For the year at large, Illinois sportsbooks broke the all-time yearly handle record, finishing up 2023 at $11,620,576,691, which was up 19.2% from 2022’s previous record of $9,751,205,067.  

 

The Prairie State’s yearly sports betting revenue total of $1,002,277,389 was also up big time, gaining 26.1% from 2022’s sum of $794,991,686 to put a strong final note on the year.  

 

In December, the state broke records for total and mobile sports betting revenue, with the former finishing up at $128,430,319, while the latter wrapped up at $123,888,704, which broke the previous records set in October of $112,740,764 and $108,849,490.  

 

Illinois’ sports betting tax bill for December finished at $20,598,286, which was up 74.8% from November’s princely sum of $11,783,105, illustrating the strong month-over-month growth that operators had in the final month of the year.  

 

Finally, the top sports by total handle in December were football ($322,010,913), basketball ($319,029,739), soccer ($39,100,621), tennis ($35,574,981), hockey ($30,436,084) and “other sports” ($44,029,467). Illinois’ parlay handle in December finished up at $517,108,366, capping off a final month of 2023 that few in the Land of Lincoln will forget anytime soon.  

Illinois Mobile Sports Betting History

Illinois Sports Betting Handle and Revenue FAQs

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The veteran team of Illinois sports betting experts behind IllinoisBet.com to help you find the best Illinois sportsbooks that are right for you.

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