In its second month with mobile registration, Illinois sports betting is still experiencing significant growth.
The mobile registration requirement in Illinois expired March 5 and sportsbooks handled a record $971.3 million in wagers in March. Markets begin to see a dropoff in action in April with a shrinking slate of sports in-season.
Illinois operator revenue strong
Illinois operators held 8.2% for $68.2 million in sports betting revenue during April. That is a 12.5% bump from the $60.6 million in March, but a 12.8% dip from the $78.2 million record in November 2021.
Sportsbooks generated $38.1 million in revenue on parlays, holding nearly 20% on more than $190.2 million in parlay wagers.
The state collected nearly $10.6 million in taxes.
FanDuel dominates Illinois sports betting market
Online sports betting accounted for nearly 97% of the overall handle, or $810.5 million.
FanDuel Sportsbook took $286.3 million in online bets during the month, tops amongst the state’s seven online sportsbooks. The operator held 11.6% for $33.1 million in revenue, nearly half of all online sports betting revenue in April.
DraftKings Sportsbook handled $213.9 million during the month, holding 6.5% for $13.9 million in revenue. BetRivers accepted $94.5 million in wagers, while PointsBet took $70.2 million.
BetMGM has strong second month in Illinois
BetMGM launched its Illinois sportsbook in March. The operator took $50.9 million in bets and generated $2.6 million in revenue, a 5.1% hold.
In its second month in the state, BetMGM passed Caesars and Barstool Sportsbook in market share. Caesars took $45.5 million in wagers during the month, while Barstool accepted $49.3 million in bets.
Caesars also launched its new sportsbook platform in the state during March.
|Online Operator||Online Handle||Revenue||Hold||Online Market Share|
|FanDuel||$286.3 million||$33.1 million||11.6%||35%|
|DraftKings||$213.9 million||$13.9 million||6.5%||26%|
|BetRivers||$94.5 million||$6.0 million||6.4%||12%|
|PointsBet||$70.2 million||$6.1 million||8.7%||9%|
|BetMGM||$50.9 million||$2.6 million||5.1%||6%|
|Barstool||$49.3 million||$3.1 million||6.2%||6%|
|Caesars||$45.4 million||$1.5 million||3.3%||6%|
Basketball leads the way in Illinois
With the NBA playoffs beginning and NCAA March Madness finishing up, basketball made up 34.7% of the overall handle with $291.6 million in wagers.
Baseball attracted the second-most bets among individual sports, hitting $135.5 million in bets.
Illinois sports betting market spots still open
Illinois still has three online-only sports betting licenses available. Three sportsbooks, including Fubo Gaming, did not advance in the application process in May, while Mexican operator Caliente moved forward.
Circa Sports looks to enter the state through a partnership with American Place Casino Company.
WynnBet and Unibet also have outstanding applications with the IGB.