Illinois Sports Betting Continues Rocket-Paced Surge In May

Written By

Updated on

illinois sports betting

Since the in-person registration requirement for mobile Illinois sports betting expired, the state continues to solidify itself as a top US sports betting market.

Illinois sports betting hit $764.6 million in May bets, according to an Illinois Gaming Board report released recently. That trails New Jersey sports betting by less than $2 million as the No. 2 overall handle in US sports betting in May.

The in-person registration requirement for mobile IL sports betting expired permanently in March, and the state’s handle has exploded since then. May’s total grew nearly 51% compared to May 2021.

Illinois revenue grows too

The May handle was just a 9% decrease from April’s $839.4 million total in bets.

Illinois sportsbooks generated $67.5 million in May sports betting revenue, an 8.8% hold. That is an 86.1% increase compared to May 2021’s $36.2 million.

The all-time Illinois sportsbook revenue was $78.2 million in November 2021.

The state collected $10.9 million in May taxes.

FanDuel keeps Illinois sports betting lead

Illinois bettors placed $734.1 million in online wagers, or 96% of the overall handle.

FanDuel led the online sports betting operators in Illinois, taking $253.7 million in bets. The sportsbook held 12% for $30.4 million in online revenue.

DraftKings was second in the market with $204.1 million in wagers. BetRivers took $82.7 million in bets, while PointsBet handled $66.8 million.

BetMGM building Illinois market

BetMGM claimed the fifth-highest handle in May with $44.5 million in bets. The sportsbook launched in March and continues to outpace Barstool and Caesars in the state.

Barstool Sportsbook took $42.9 million in online wagers during the month, while Caesars Sportsbook trailed the other six online operators with $39.5 million in bets.

SportsbookOnline HandleOnline RevenueHoldMarket Share
FanDuel$253.7 million$30.4 million12%35%
DraftKings$204.1 million$13.0 million6.4%28%
BetRivers$82.7 million$7.0 million8.5%11%
PointsBet$66.8 million$4.1 million6.2%9%
BetMGM$44.5 million$3.0 million6.9%6%
Barstool$42.9 million$2.2 million5.2%6%
Caesars$39.5 million$1.6 million4.0%5%

NBA playoffs help Illinois sports betting

Basketball was the top sport in Illinois during May, making up 25% of the market with $192.9 million in bets. Baseball was second with $183.5 million in bets.

Illinois sportsbooks took $155 million in parlay bets, which resulted in big wins for the operators.

Sportsbooks held 20.5% on parlays during May, generating $31.8 million in revenue. That includes FanDuel’s incredible 29.7% hold on $69.7 million in bets, good for $20.6 million in revenue.