Illinois Helps US Sports Betting Revenue To New Monthly High

Written By

Updated on

Illinois sports betting

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:

US states sports betting handle (LSR data viz)

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: