Illinois Sportsbooks Explode For New Records In October: $840 Million In Bets

Written By Matthew Waters on December 9, 2021 - Last Updated on May 27, 2022
Illinois sports betting numbers

Illinois sportsbooks were not an exception to the rule and set new monthly records in October like those in most other US jurisdictions.

Sports betting handle hit $840.4 million for October, up pretty significantly over three key periods:

  • Up 93.4% from last October’s $434.6 million.
  • Up 40.9% from September‘s $596.5 million.
  • Up 32.6% from the previous record of $633.6 million set in March.

Not all US sports betting jurisdictions saw revenue grow with handle because of bettor-friendly results, but Illinois did. Sportsbooks reported a record $48.3 million in sports betting revenue for a 5.7% hold.

The results from Illinois sportsbooks pushed total US sports betting handle past $7 billion in October. That’s up from a then-record of $5.3 billion in September with reports for both months still due from Arizona sportsbooks.

A fifth full Friday through Sunday weekend in October helped push the US market to new heights.

Illinois sportsbooks crushed on football bets

Those bettor-friendly football results bit hard in Illinois.

Of the $330.1 million bet on football in October, sportsbooks kept just $6.4 million for a hold of 2.0%. The reports do not break out the difference in NFL betting and college football betting, but much of October’s college betting tends to come on football. There was $127.3 million bet on college sports in October.

Basketball also came in lower than usual with $3.3 million in revenue on $93.3 million in bets, or a 3.5% hold.

Parlays helped right the revenue ship for Illinois in October. Operators kept $24.5 million of the $118.7 million bet for a 13% hold.

DraftKings rules handle while FanDuel takes top revenue spot

There’s a pretty big disparity between the top two handle and revenue generators in the state.

DraftKings Sportsbook far and away took the most bets in October with $308.8 million in online handle, or 38.4% of the $803.4 million bet online.

That’s compared to $235.4 million, or 29.3% of online handle share, for FanDuel Sportsbook.

But FanDuel led the state with $22.3 million in total revenue compared to $11.7 million for DraftKings.

Rush Street Interactive‘s BetRivers Sportsbook is third in both. It took $119 million in online bets for 14.8% online handle share and recorded $8 million in total revenue.

Photo by Kamil Krzaczynski / The Associated Press
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Matthew Waters

Matthew Waters is a reporter covering legal sports betting and the gambling industry. Previous stops include Fantini Research and various freelance jobs covering professional and amateur sports in Delaware and the Philadelphia area.

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