Illinois Sports Betting Handle Drops Again In July
The Illinois Gaming Board has finally announced the sports betting totals for the month of July, and it was a rough month as expected.
The entire country saw a major decline in legal sports betting, and even Illinois was unable to go against that troubling trend.
According to the report from the IGB, the total sports betting handle for the month was $369.1 million. This was the lowest total that the state has seen since September 2020, and the number has been decreasing over the last few months.
Still, Illinois was the third-largest sports betting market in the US for July, but that isn’t saying much. New Jersey and Nevada were the only two states that brought in more action, but even those states saw a decrease of more than 20 percent of the total handle from June.
New Jersey was the only state in the US to post a total betting handle of more than $500 million for the month, and Illinois was routinely over that mark to begin 2021. A large increase is expected when the August numbers are announced, and September could bring about record-setting numbers once again.
The drop in the total betting handle also had an effect on the total sports betting revenue for the month. July revenue came in at $37.3 million after the total was close to $50 million for the month of June.
The most important number for the state of Illinois is the tax revenue, and it was just $5.6 million for the month of July. Even though this was a disappointing month for the state, the sports betting market in Illinois has still been much better than expected.
It comes as no surprise that baseball was the most popular sport to bet on during the month of July as the total handle on that sport was $124 million. The Chicago White Sox are making a run to the top of the American League, and the Chicago Cubs are also a popular team to wager on.
DraftKings, FanDuel Remain on Top
There are currently six online sportsbooks in the state of Illinois, but only two have continued to produce impressive numbers. The battle for the third spot on the list has been tightening up, but no operator is coming close to challenging DraftKings or FanDuel.
DraftKings had a total online handle of $120.5 million for the month of July, and the total handle was $122.6 million. FanDuel came in second place with an online handle of $117.9 million and a total handle of $118.5 million.
BetRivers was third on the list with a total online handle of $58.7 million, but it is starting to get some competition from PointsBet and Barstool. Those two operators are still well behind, but the gap has been closing in recent months.
The lack of mobile registration is affecting the betting numbers in Illinois, but it’s unclear just how much of an effect it is having.
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