December 17, 2020 Sports Betting, Casino, Online

Illinois sports betting handle reaches record $435m for October

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Illinois sportsbooks brought in handle of $435m for October, setting a state record for the second consecutive month.

With Illinois figures included, national sports betting handle for October hit $3.25bn, a 12% jump from September.

Handle in the Land of Lincoln improved 42% month-on-month while revenue was $42.2m, up from $6.8m in September.

Mobile sports betting accounted for more than 90% of the month’s handle. Illinois is currently allowing bettors to sign up for sports betting accounts remotely, a temporary rule that will likely become permanent as the state realizes the potential of mobile sign ups.

BetRivers led Illinois in revenue for October with a $12.9m win, edging out second place DraftKings at $11.5m. DraftKings brought in far more handle, however – topping BetRivers $141m to $116m.

The lower hold for DraftKings was likely the result of increased promotions.

FanDuel earned $11.1m for the month with handle of $106m, while PointsBet was a distant fourth, generating $5.1m in revenue.

Illinois produced the fourth most handle of any state, trailing just New Jersey, Nevada and Pennsylvania. Illinois earned $6.3m in tax.

November should yield another month of impressive figures for Illinois thanks to the prominence of NFL, which was responsible for 44% of all October handle.

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