Four Illinois sports betting apps produced year-over-year handle and revenue gains online in May.
FanDuel and DraftKings remained the two Illinois sports betting market leaders in both handle and revenue. Caesars and BetMGM finished fourth and fifth in both categories, respectively, rounding out the group of major gainers.
| Online sportsbook | Handle | Annual increase | Revenue | Annual increase |
|---|---|---|---|---|
| FanDuel | $288.5 million | 14% | $36.6 million | 21% |
| DraftKings | $256.8 million | 26% | $26.6 million | 74% |
| Caesars | $64.5 million | 64% | $4.3 million | 78% |
| BetMGM | $48.2 million | 9% | $4.8 million | 5% |
Hometown entry BetRivers placed third.
Annual handle declines for others
According to figures released Wednesday by the Illinois Gaming Control Board, BetRivers, with its $66.7 million in mobile bets, experienced a 19% decline over May 2022 ($82.6 million.)
PointsBet ($45.3 million) saw its online handle drop 32% from last year ($66.7 million,) and Barstool Sportsbook dropped 36% from May 2022 ($42.9 million) with $27.3 million in online bets.
Illinois sports betting revenue increases
Overall revenue from sports betting in Illinois reached $91.5 million in May, combining online and in-person wagering. It is a 13% increase over April ($81.3 million) and a 40% bump over May last year ($61.4 million.)
Every IL sports betting app produced annual revenue increases except Barstool ($2 million,) which experienced a 17% decline from last year ($2.2 million.)
Caesars increased revenue year-over-year with $4.3 million in May, up from $1.5 million during the same month last year. DraftKings posted an annual revenue boost, too, with $26.6 million in May, up from $12.9 million in May 2022.
IL sports betting handle grows in May
Overall, sports betting dollars increased in May compared to last year. Total handle reached $821.7 million, a 7% increase over the $764.5 million bet in May 2022.
May handle did drop 9% from April ($898.5 million,) which is typical for sports betting in Illinois. In 2021, monthly handle decreased by 5.5% from April to May and 9% in 2022. There was no in-person betting in April or May 2020 because of the COVID-19 pandemic, and online betting did not start until June of that year.
The Prairie State received $14.3 million in May sports betting taxes.
