Illinois betting volume reaches 507m for May

During May, Illinois sportsbooks saw $507m in betting volume/handle, which is a slight fall from April’s total of $537m

During May, Illinois sportsbooks saw $507m inwards betting volume/handle, which is a slight fall from April’s tot up of $537m.

According to PlayIllinois analysts, May’s grip was the second-largest of any land inward the US, only Prairie State and New Jersey were able-bodied to occupy inwards more than $500m inwards sports wagers for both April and May.

Jessica Welman, PlayIllinois Analyst, said: “It’s been a mild surprise that Illinois has managed to fare as wellspring as it has through the for the first time two months of what is typically the offseason for sports betting.

“In-person enrolment requirements will cap future growth. But the results inwards Apr and May doh demonstrate just now how fighting(a) and engaged Land of Lincoln bettors experience been.”

Overall, there was a 5.6% wane from April’s betting volume; during May in that respect were $16.9m in bets per twenty-four hour period patch inwards April the day-to-day amount reached $17.9m.

Gross gaming revenue (GGR) also dropped by 12.9% to $36.6m inwards May from April’s $42m. Although, May’s tot up managed to buckle under $5.9m in taxes thanks to familiarized gross revenue of $36.2m.

Online betting played a immense part in portion the state exceed $500m; $482.5m, or 95.1% of May’s bets, were made online. DraftKings and Casino Queen produced combined online hold of $170.1m.

Meanwhile, FanDuel and Fairmont’s online and retail sportsbooks saw $156.3m in bets for May, shoot down from $177.8m inwards April.

Joe Boozell, PlayIllinois Analyst, said: “A fresh infusion of operators has the potential to eventually heave the roof for the market.

“But until online enrollment returns to the state, young operators will remain at a permanent disadvantage. And that will frank any boost the marketplace would ordinarily get from young sportsbooks.”