The Illinois Gaming Board reported a November deal with of $1.53 billion, the most ever wagered for the second consecutive month. Sports betting operator revenue of $154.6 million likewise set a new monthly high and eclipsed the previous record of $137.2 million from September 2024.

Action in Illinois throughout a high-volume sports month that consisted of NFL, college football, NBA, NHL, and college basketball increased 11.3% year-over-year. Revenue jumped 112.6% from November 2023.

The 10.1% hold in November reached double digits for the fourth time in 2024 and almost doubled the win rate from the very same month of the previous year.

Online sportsbooks accounted for $1.49 billion of the Land of Lincoln manage and produced a 10.1% hold while retail sports betting operators generated $39.2 million in wagers and $3 million in income.

Illinois sports wagering created $48.2 million in tax income, while Cook County received $1.5 million from sports betting in the Chicago area.

Monthly improvement

Illinois operators rallied in November. With NFL favorites winning unprecedentedly throughout a stretch in October, year-over-year income fell by 27.8%.

Profits jumped 90% from October to November on a deal with improvement of 6%. Sports wagering operators produced a 2.8% hang on football wagers and an 8.6% win rate on parlays, the lowest in more than four years.

In November, football represented $25.2 countless the overall earnings, thanks to a 61% hold, while parlays reached an almost 20% win rate to make sportsbooks $93.7 million.

Big revenues

DraftKings set Illinois regular monthly records with a $527.1 million deal with and income of $57.3 million. FanDuel wasn't far behind with $512.4 million in wagers and $54.7 million in profits, the most it has ever taken as an Illinois operator.

The two leading operators in the Illinois market both set profits highs without producing double-digit holds.

Fanatics Sportsbook likewise set a brand-new mark for the online sportsbook with $11.4 million in earnings and finished third with a handle of $118.7 million. BetRivers positioned fourth with an $85.4 million deal with while likewise increasing its revenue by 81% month-over-month.

BetMGM and Caesars were the only other sportsbooks to surpass $60 million in wagers and both saw month-over-month earnings boosts. ESPN BET created a November deal with of $54.1 million, a 20.4% decline from October.

Acid rock Bet took in $38.5 million in wagers while Circa Sports taped a $13.9 million deal with. Both produced win rates listed below 7%.

Better than 2023

With another month to report for 2024, Illinois is on rate to shatter the previous year's betting numbers. The Land of Lincoln has actually currently surpassed $12.5 billion in wagers through November. That's nearly $1 billion more than all 12 months of 2023.