Illinois Pips NJ For No. 2 Sports Wagering Handle In August

The Illinois Gaming Board reported conventional sports activities wagering deal with totaling $564.8 million for August, pushing Illinois forward of New Jersey for the No. 2 spot nationally for the month.

Solely Arizona has but to launch deal with and income for August, nevertheless it has by no means topped Illinois in deal with since launching in September 2021. That makes the Land of Lincoln — house to Chicago and well-liked for placing giardiniera on its sizzling canines — a near-lock to complete between New York and the Backyard State.

Illinois generated greater than $1.9 billion deal with from Could to July, simply $22 million lower than New Jersey in that span because it completed lower than $2 million off the tempo in Could and fewer than $5 million off in June. If Illinois finishes forward of Arizona as anticipated, it will mark the primary time Illinois was No. 2 for deal with since Could 2021, when it edged out Nevada to complete behind New Jersey.

At the moment, the Empire State was nonetheless working to determine its cell plans. New York launched on-line wagering in January and has been atop the nationwide rankings your complete yr.

Illinois deal with was up 9.4% in comparison with July’s $516.4 million and 41.1% increased versus the $400.4 million wagered in August 2021. As for income, the $47.8 million claimed by the home in August 2022 was 3.7% higher than July and 78% greater than final yr.

The state’s 8.5% win fee, whereas notably above the business commonplace of seven%, ranks third worst among the many 25 states to publish figures for August, forward of solely Louisiana (7.6%) and Nevada (3.9%). Illinois was one in all solely seven states to publish an August win fee under 10%.

The state reaped near $7.2 million in tax receipts, whereas Cook dinner County netted $526,206 from its 2% levy on all operator income positioned on wagers positioned inside county limits — which incorporates Chicago. Illinois has collected $65.3 million in sports activities wagering tax income for the calendar yr, $17.3 million forward of the primary eight months of 2021. The $4.7 million in Cook dinner County’s coffers by August is sort of $1 million forward of final yr’s tempo.

FanDuel once more on the double

Parlays have been the important thing differentiator for FanDuel because it holds sway because the nation’s prime cell choice, and Illinois was no totally different in August. FanDuel posted a strong 10.5% maintain on $176.7 million in accomplished occasions deal with, netting greater than $18.6 million in adjusted income. Greater than half that complete got here by way of parlay winnings, with the $11.2 million marking its sixth straight month reaching eight figures.

The 20.3% maintain was really under FanDuel’s 21% maintain for the yr on parlays in Illinois and second-best to PointsBet (21.4%) among the many state’s seven on-line operators for August within the class. FanDuel has generated $119 million in parlay income this yr alone in Illinois. As some extent of comparability, the general sports activities wagering income in Iowa is $119.9 million for the primary 9 months of 2022.

DraftKings was a snug second in each classes with a accomplished occasions deal with of $158.9 million and $11.7 million in income for a 7.9% win fee. It additionally had a robust August when it got here to parlays, reaping $6.9 million in income from $32.8 million deal with for a 17.4% maintain.

BetRivers rounded out the highest three in each accomplished occasions deal with ($60.6 million) and income ($5.2 million). BetMGM‘s entrance into the state in March has made the jockeying for fourth by seventh in deal with extra pronounced. The newest debutant completed fifth at $33.8 million, slotting behind PointsBet’s $37.6 million.

Caesars Sportsbook, which completed roughly $450,000 forward of Barstool Sportsbook for sixth in conventional deal with, narrowly missed doing likewise for accomplished deal with as its $27.9 million was slightly below Barstool’s $28.5 million determine.

PointsBet cleared a ten% maintain for the second consecutive month, reaching 10.3% whereas netting $3.9 million in income. BetMGM topped $2 million for the fifth time in six months of experiences with $2.4 million, whereas Barstool fended off Caesars for sixth in income by $22,154 because it claimed near $1.8 million in operator winnings.

Parlays and baseball function income drivers

The general parlay win fee on accomplished occasions deal with was an eye-watering 22.9% as operators stored $24.9 million of the $133.7 million wagered. All seven cell operators had a maintain of 10.1% or higher, with BetRivers (20.1%) becoming a member of PointsBet and FanDuel amongst these above 20%.

PointsBet completed simply shy of $2.4 million in parlay income whereas Barstool netted $1.1 million on such bets. Australian-based PointsBet, nonetheless, could battle to match its complete in September contemplating it paid out practically $3 million to Marco Piemonte after he hit a six-leg wager.

Baseball was the opposite huge moneymaker for the books, although the $10.8 million retained from $196 million deal with resulted in a extra modest 5.8% win fee. Tennis once more claimed the No. 3 spots for deal with and income at $91.8 million and $5.8 million, respectively. FanDuel was a main driver of deal with right here as nicely, accepting an all-time excessive of $33.9 million in tennis wagers.

The beginning of worldwide membership soccer additionally supplied a lift to deal with numbers, with $45.9 million in accomplished deal with producing $2.6 million in income. The catch-all “different” class netted nearly the very same quantity of income on $28.5 million deal with for a 9.9% maintain.

And on the retail facet …

Although Rivers On line casino stays the deal with bellcow for brick-and-mortar sportsbooks within the Land of Lincoln, bettors held the Des Plaines location to a state-low 5.5% win fee. The $693,281 in income from $12.6 million in accomplished occasions deal with was nonetheless sufficient to be tops in Illinois, however Argosy On line casino in Alton was a a lot nearer second in income at $544,285 due to a 18.3% maintain.

DraftKings at CasinoQueen was third at $462,574 with a 15.2% win fee, whereas Hollywood On line casino in Aurora — Barstool’s tether — was the one different venue to complete above $200,000. The general retail win fee was slightly below 10.2% because the state’s 11 complete venues, when together with Hawthorne Race Course’s two OTB areas, generated $23.9 million in accomplished occasions deal with and greater than $2.4 million in income.