The handle for sports betting in Illinois skyrocketed by 117.9% to reach a staggering $305.1 million. FanDuel and DraftKings, two prominent sportsbook operators, witnessed substantial amounts of wagering activity. However, despite the high volume of bets placed, their revenue generated during the month of September remained relatively low.
Retail sports betting handle in the month of September increased by 37.3% to reach $22.1 million, showcasing a substantial growth in this market. Additionally, the revenue generated from sports betting during this period amounted to $1.5 million, marking a 24.8% increase compared to August. These favorable results highlight the rising popularity and profitability of sports betting as a form of entertainment and investment.
In the world of sports-betting, there was a significant increase in online stakes, reaching a total of $283.0m, representing a substantial growth of 128.2% compared to the previous period.
However, despite the surge in bets, the revenue generated from these online wagers experienced a decline of 10.0%, amounting to only $5.4m.
Rush Street Entertainment’s Kambi-powered sportsbook continues to dominate in sports betting revenue, accounting for almost all of the generated income in the state. Despite a slight decrease of 4.4%, the sportsbook brought in $6.0m, with stakes amounting to $11.2m, down 4.3%.
