Illinois Wagering Industry Confirms 2nd Devote The US By using Terrific September

Illinois wagering numbers were expected to decline in April after a record-breaking month in March, but the figures turned out to be surprisingly strong.

The decline can be attributed to several factors, including:

• The absence of NFL games to bet on.
• The lack of Chicago teams in the NBA and NHL playoffs.
• The NCAA basketball tournaments’ Final Four and championship games being played in April.

However, the strong betting activity during the men’s and women’s March Madness tournaments is believed to have contributed to March becoming the best month for Illinois wagering.

The latest figures released by the Illinois Gaming Board show that Illinois sports betting sites had total bets of just under $900 million in April. While this is a 16% decrease from March’s record total of over $1.072 billion, April’s numbers still represent a 7% increase compared to the approximately $839 million wagered in April 2022.

Despite the significant drop from March, the April figures indicate continued growth in the Illinois betting market.

Illinois placed second inside the nation throughout bets, income and taxation in Apr

The April 2023 figures kept Illinois in second place in the nation in terms of both overall bets placed during the month and revenue generated. In a new development for April, Illinois surpassed Pennsylvania to claim the second spot in terms of taxes collected from sports betting.

Illinois ranked second in the US in April for total handle, trailing only New York (nearly $1.5 million bet). New Jersey came in third with an overall handle of nearly $834 million.

In terms of revenue, Illinois raked in over $81 million, with only New York performing better with over $139 million.

Illinois ranked second in sports betting taxes collected in April, with over $14.4 million. New York collected nearly $71 million in taxes, while Pennsylvania fell to third in the nation with taxes of over $13 million in March. It’s important to note that the effective gambling tax rate is 55.9% in New York and 25.7% in Pennsylvania. Sportsbooks in Illinois were taxed at an effective rate of 17.7% in April.

ARIANNE sports betting revenue – April 2023

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Licensee	On the web Brand	Deal with	Revenue	Keep	Taxes
Fairmount Park	FanDuel	$310, 193, 208	$36, 924, 542	11. 9%	$6, 275, 205
Gambling establishment Queen Eastern St . Paillette	DraftKings	$282, 280, 433	$22, 764, 158	6. 1%	$4, 050, 936
Rivers Kklk Plaines	BetRivers	$91, 954, 290	$7, 953, 352	8. 6%	$1, 449, 008
Lavish Victoria	Caesars	$75, 500, 229	$2, 940, 111	3. 9%	$655, 882
Hawthorne	PointsBet	$49, 279, 611	$4, 974, 080	10. 1%	$904, 674
Par-A-Dice	BetMGM	$49, 074, 470	$3, 146, 600	6. 4%	$581, 324
Hollywood Amanecer	Barstool	$35, 261, 263	$2, 116, 089	6. 0%	$459, 561
Argosy		$3, 851, 935	$348, 522	9. 0%	$35, 002
Showmanship Joliet		$1, 176, 499	$144, 474	12. 3%	$17, 608
Total		$898, 571, 938	$81, 311, 927	9. 0%	$14, 429, 201

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Apr 2023

Deal with

1. New Yor — $1, 550, 015, 914
2. Illinois — $898, 571, 938
3. New Jersey — $833, 980, 925
4. Nevada — $580, 550, 628
5. Massachusetts — $574, 829, 883

Revenue

1. New York — $139, 265, 045
2. Illinois — $81, 311, 927
3. New Jersey — $72, 304, 036
4. Kansas — $63, 819, 857
5. Massachusetts — $60, 281, 564

Taxes

1. New York — $70, 842, 936
2. Illinois — $14, 429, 201
3. Pennsylvania — $13, 333, 004
4. Massachusetts — $11, 799, 200
5. New Jersey — $10, 118, 510

Illinois one among only 2 states displaying sports betting development

In the top ten US gambling jurisdictions, only Illinois and New York are showing growth in 2023.

New Jersey, which ranks closely with Illinois, is showing signs of cooling down.

PlayIllinois predicts that by the end of the year, Illinois will maintain a strong position as the second-best sports betting market in the nation, especially with the expected launch of the Circa Sportsbook before the NFL season begins.

During the first four months of the year, Illinois ranks second in handle (over $3.9 billion), trailing only New York (over $6.6 billion). The Prairie State is also second in revenue (over $340.5 million), trailing New York (over $561 million). In terms of taxes in 2023, Illinois ranks third (over $56.4 million), behind New York (nearly $285.5 million) and Pennsylvania (over $61 million).

By comparison, in April 2022, Illinois had a handle of over $839 million (3rd), revenue of over $68 million (2nd), and collected taxes of over $11 million (3rd).

Year-to-date through April 2022, Illinois ranked third in handle (over $3.5 billion), second in revenue (over $238 million), and second in taxes (nearly $37.5 million).

It’s important to note that in March 2022, new legislation allowed Illinois residents to register online for sportsbooks, rather than doing so at one of the state’s land-based casinos. The decision to allow online registration with one of the state’s seven legal sportsbooks has been beneficial for the industry.

Year-to-date rankings through April 2023:

Handle

1. New York – $6,616,248,557
2. Illinois – $3,916,694,380
3. New Jersey – $3,789,398,794
4. Ohio – $3,014,214,051
5. Nevada – $3,005,265,686

Revenue

1. New York – $561,204,745
2. Ohio – $451,049,931
3. Illinois – $340,585,315
4. New Jersey – $292,295,695
5. Pennsylvania – $238,448,808

Taxes

1. New York – $285,457,042
2. Pennsylvania – $61,258,306
3. Illinois – $56,458,133
4. Ohio – $45,186,115
5. New Jersey – $41,355,914

The state of illinois third inside lifetime wagering with above $22. 5 various billion life span

In March, Illinois officially surpassed $20 billion in lifetime wagering handle. With the April figures, that total is now over $22.5 billion in bets.

In January, Illinois jumped over Pennsylvania into third place in lifetime sports betting handle with over $19.6 billion wagered on sports. Illinois’ January numbers also pushed the overall lifetime wagering handle in the United States over $100 billion.

To date, more than $229.3 billion has been wagered on sports through legal sportsbooks in the United States. That amounts to over $18.2 billion in total revenue and more than $3 billion in taxes.

Illinois statistics less outstanding per household

A PlayIllinois analysis of per capita sports betting reveals that Prairie State does not rank as high.

The 2023 population of the states listed above is:

• New York — 19.51 million
• Pennsylvania — 10.9 million
• Illinois — 12.24 million
• Ohio — 14.75 million
• New Jersey — 9.23 million
• Massachusetts — 6.95 million
• Nevada — 3.25 million

Since Nevada is a destination gambling location, the per capita figures are misleading given the state’s relatively low population.

Ranking the top 5 states (above) in per capita sports wagering for April 2023:

Handle per capita:

1. Nevada — $178.63
2. New Jersey — $90.36
3. Massachusetts — $82.71
4. New York — $79.45
5. Illinois — $72

Revenue per capita:

1. Massachusetts — $8.67
2. New Jersey — $7.83
3. New York — $7.13
4. Illinois — $6.52
5. Ohio — $5.43

Taxes per capita:

1. New York — $3.63
2. Massachusetts — $1.70
3. Illinois — $1.16
4. New Jersey — $1.10
5. Pennsylvania — $1.03

 

Year-to-date rankings through April 2023:

 

1. Handle per capita:
2. Nevada — $924.70
3. New Jersey — $410.55
4. New York — $339.12
5. Illinois — $313.84
6. Ohio — $256.53

 

1. Revenue per capita:
2. Ohio — $38.39
3. New York — $28.76
4. New Jersey — $31.67
5. Illinois — $27.29
6. Pennsylvania — $18.48
7. Taxes per capita:
8. New York — $14.63
9. Pennsylvania — $4.75
10. Illinois — $4.52
11. New Jersey — $4.48
12. Ohio — $3.85