Illinois finally delivered its sports betting figures for November 2020 with the state pushing monthly US revenues above $300 million for the first time.
IL sports betting revenue came in at $37 million, down around 12% month-on month. The decline was due largely to hold rate, which was 8.2% in November compared to 10% in October.
The Land of Lincoln was the last in the US to report November figures, meaning we now know nationwide sports betting GGR was $308 million; up from $291 million in October. That’s the first single month above $300 million.
Strong handle for Illinois sports betting
Illinois sports betting handle came in $449 million in November, another all time high for the state. That was mirrored in the national picture as US legal sports betting handle in November was around $3.46 billion. That was another new high, above the $3.43 billion in October.
Illinois was the fourth largest state by handle in November, behind:
- New Jersey
- Pennsylvania
- Nevada
Who is the IL sports betting market leader?
Among Illinois online sportsbooks, FanDuel led the way with $13.3 million in revenues, good for a 37% market share.
There was a tight battle for second, with DraftKings beating out BetRivers at 29% share versus 27%. That order was a reversal from October when Rivers led both DraftKings and FanDuel.
The top three were followed by PointsBet and William Hill with 4% and 3%, respectively.
What about the handle?
Handle told a slightly different story, with DraftKings leading the market ahead of BetRivers, followed by FanDuel.
PointsBet was at 5.9% of handle, down from 14.5% in October, potentially indicating the volatility of relying on high-staking customers.
The state made $6.2 million in taxes.
What were people in Illinois betting on?
As expected, football was the most popular sport to bet on with a little over half of total handle.
Here’s the full list of sports by handle:
- Football: $256 million
- Parlays: $81 million
- Soccer: $50 million
- Basketball: $28 million
- Tennis: $18 million
- Golf: $10 million
- Boxing/MMA: $5 million
