Super Bowl Prop Betting Options limited for IL bettors
Super Bowl LV will take place on Sunday, and this is always one of the biggest days of the year in the sports betting industry.
Sportsbooks in Illinois will still offer prop betting options, but it will be on a limited basis.
Earlier this week, the Illinois Gaming Board sent out a memo to all of the authorized sportsbooks in the state, reminding them of the current rules and regulations. Only prop bets that are affected by the outcome of the football game can be offered by Illinois sportsbooks.
This eliminates two of the most popular prop betting options and will hurt the overall betting handle and revenue numbers on Super Bowl Sunday. The coin flip and the length of the National Anthem typically bring in record numbers of bets each year.
Other prop betting markets that are popular on Super Bowl Sunday focus on the Halftime Show and the television commercials that run during the game. These are options offered in other states, but the Illinois Gaming Board will be cracking down on operators that attempt to offer these markets.
The Illinois Gaming Board announced in its official statement that the organization was looking to protect the integrity of the game and sports betting by passing these laws. This could be something that is revisited in the future, but the first Super Bowl Sunday with legalized betting in Illinois will come with some restrictions.
Operators such as DraftKings and FanDuel can continue offering these novelty prop betting options on their sportsbooks, but they must be removed in Illinois. Any bets that have already been placed on these markets will be refunded.
This doesn’t mean that it won’t still be a record-setting weekend for sportsbooks in Illinois, and bonuses and promotions will still be available. All five of the online sportsbooks in Illinois are offering some sort of promotion, especially for new customers.
More Illinois November Numbers Roll In
Last week, the Illinois Gaming Board announced an initial report on the monthly totals from November, but this week, it included more information. Now that all of the numbers have been officially tallied, Illinois is reporting $449 million in total sports betting handle for the month of November.
The Illinois Gaming Board also broke down the numbers for each online operator, and FanDuel Sportsbook is now leading the way. According to the Illinois Gaming Board, FanDuel accounted for 37% of the market share or $13.3 million in revenue.
DraftKings and BetRivers were in a tight battle for second place in November, but it was DraftKings that posted a 29 percent market share to just 27 percent for BetRivers.
PointsBet and William Hill continue to struggle to find their footing in Illinois. Both operators were below five percent in market share, and that trend has continued since the sites launched in September.
Football was the most popular sport to bet on during the month of November, accounting for $256 million of the betting handle. Parlays were second on the list at $81 million, followed by soccer ($50 million), basketball ($28 million), and tennis ($18 million).
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