Revenue Plummets In Illinois Despite Record Sports Betting Handle In October

2026-05-05T23:19:00Z

ShondaRadecki2: Created page with " A monumental sports betting handle in October led to a 24.5% [https://classifieds.ocala-news.com/author/raymundohog year-over-year increase] and a new record for the amount wagered in the Land of [http://git.ideaapp.co.kr/junkowhitelegg Lincoln]. The Illinois Gaming Board recently reported a [http://card.lifenlegacydigital.com/porterfenwick4 monthly handle] of $1.45 billion, ahead of the previous high of $1.37 billion set in November 2023. Dollars wagered..."

A monumental sports betting handle in October led to a 24.5% [https://classifieds.ocala-news.com/author/raymundohog year-over-year increase] and a new record for the amount wagered in the Land of [http://git.ideaapp.co.kr/junkowhitelegg Lincoln]. The Illinois Gaming Board recently reported a [http://card.lifenlegacydigital.com/porterfenwick4 monthly handle] of $1.45 billion, ahead of the previous high of $1.37 billion set in November 2023. Dollars wagered in October surpassed September by over 10% and $40 billion by the state all time. However, [https://git.flymiracle.com/christenadonah October's revenue] didn’t match the high volume of [http://47.94.168.1173000/brendamcmullen betting]. Online and retail sportsbooks in Illinois produced $81.4 million in revenue, a 27.8% decrease from Oct. 2023. Sports betting operators’ 5.6% hold was the state's eighth-lowest ever and down from four points year-over-year. Retail sportsbooks didn’t even produce a 4% win rate on the $36.7 million [https://gramofoni.fi/portfolio-item/demo-south-beach/ wagered] in person. Mobile operators kept 5.7% of a nearly $1.41 billion handle. Still, Illinois filled its coffers with $24.5 million, up more than $7 million from the previous October because of the rate that went into effect in July. October revenue woes [https://gratisafhalen.be/author/domingo05g/ Illinois joined] a long list of betting markets that got hit hard by an unprecedented run of NFL favorites winning and many covering during a multi-week stretch in mid-October. The Land of Lincoln was one of 15 reporting states to produce a hold under 7%, and revenue fell 40.4% from an operator-friendly September. That put Illinois alongside Nevada and Michigan among the top 10 U.S. sports betting handle states with at least a -40% month-over-month revenue change. Three operators set new monthly handle records The top three online [https://wiki.novaverseonline.com/index.php/The_Bet9ja_Promotional_Code_2026_Is_YOHAIG sportsbooks] in Illinois sports betting all produced a record wagering month. DraftKings’ $507.7 million is the highest handle the mobile operator has ever generated. FanDuel’s $478.2 million and Fanatics Sportsbook’s $103.7 million are the best those sportsbooks have ever done in Illinois. BetRivers beat out many of its competitors to finish with the [https://osintcommons.org/index.php?title=User:ShondaRadecki2 fourth-highest handle] at $76.8 million. BetMGM wasn’t far behind with $72.8 million while ESPN BET knocked Caesars out of the sixth spot with a $68 million handle. FanDuel and [http://www.kg-factory.fr/fr/blog/11_safe-and-secure-raspberry-pi-b-case.html Fanatics] were the only two [http://39.101.69.293000/soniasand59724 operators] to reach a 7% hold while five of the nine online sportsbooks produced win rates below 5%. Circa Sports had an especially rough month, losing over $104,000 on an $11.3 million handle. Parlay profits plummet Operators won just 2.8% of the $431.1 million [https://bootstore.co.uk/cowboy,%2bboots,%2bcowboy%2bboots,%2bwestern,%2bwestern%2bwear,%2bboho,%2bcowgirl wagered] on the NFL and college football, which was close to the same hold as September. The handle was down about 3% month-over-month. October football struggles were felt more in parlays. The hold on multi-leg bets fell from 23.8% in September to 8.6% in October, the lowest in more than four years. Operators hauled in $25 million less in revenue month-over-month from traditional parlays. The World Series helped generate $94.3 million in baseball wagers during October, down from the $160.3 million from September. The return of the NBA’s [https://haphicraft.com/author/belindacilley5/ regular season] led to a $160.5 million basketball handle while tennis generated $110 million in wagers.

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2026-05-05T23:18:57Z

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Revenue Plummets In Illinois Despite Record Sports Betting Handle In October

User:ShondaRadecki2