Illinois betting handle doubles but revenue declines in September
Illinois sportsbook handle jumped 117.9% to $305.1m, as FanDuel and DraftKings saw large amounts wagered, but generated little revenue in September.
Retail betting handle grew 37.3% to $22.1m, bringing in revenue of $1.5m, up 24.8% from August. A further $283.0m was staked online, up 128.2%, but these bets only brought in $5.4m in revenue, a 10.0% decline.
Rush Street Entertainment’s Kambi-powered sportsbook still made up almost all the sports betting revenue generated in the state, bringing in $6.0m, down 4.4%, from stakes of $11.2m, down 4.3%. The sportsbook was the first to launch in the state.
However, other players brought in significant volumes of bets as the two daily fantasy sports giants made their presence known, though revenue was limited.