Illinois Sports Betting Action Rises 30% Year-Over-Year In August

2026-05-03T07:10:38Z

GlennGrizzard83: Created page with " Despite lackluster revenue for sports betting operators, Illinois still saw significant year-over-year growth in August. The Illinois Gaming Board (IGB) reported a monthly handle of $878 million, up 30% from last August, while [https://wordsbyparker.com/wiki/index.php?title=User:GlennGrizzard83 adjusted revenue] of $59.2 million spiked 26% year-over-year. The 6.7% hold was down slightly from the 6.9% produced from the previous August, but the wi..."

Despite lackluster revenue for sports betting operators, Illinois still saw significant year-over-year growth in August. The Illinois Gaming Board (IGB) reported a monthly handle of $878 million, up 30% from last August, while [https://wordsbyparker.com/wiki/index.php?title=User:GlennGrizzard83 adjusted revenue] of $59.2 million spiked 26% year-over-year. The 6.7% hold was down slightly from the 6.9% produced from the previous August, but the win rate for online and retail sportsbooks on gross revenue of $71.8 million at least reached 8%. Early college football games and the NFL preseason [http://aristarchus.unige.net/en/Home/SetCulture?returnurl=https://Www.Torobravo.net/project/couleurs-dautomne-2009/couldautomne_2009_01_720pix_web/ generated] $80.8 million in wagers to help the handle rise 13.5% [http://18.162.219.310080/trinidadgrenie compared] to July, but the win rate that fell nearly 2.5 points led to a 17% month-over-month drop in revenue. Baseball led all sports with a handle of $236.3 million while basketball generated $53.6 million in wagers. Tax progression Land of Lincoln’s new progressive tax rate entered its second month. Illinois filled its coffers with $13.6 million, up from $7 million in August 2023. Sports betting operators generated $508,993 for Cook County from Chicago-area wagering. Gov. [https://www.arenagames.us/index.php?title=User:EstelaMoralez40 JB Pritzker] signed the law in June [https://nas.zearon.com2001/albertinaswaff allowing] the IGB to create thresholds of tax rates on [https://tugpslatino.ca/author/ziisherlene991/ operators] based on progressive adjusted revenue. The rates start at 20% on [http://wiki.ladearth.xyz/index.php?title=User:RosalynHoltzmann revenue] of $30 million or less and [https://trufle.sk/desserts/why-is-starbucks-such-a-huge-success/ increase] 5% each level to 40% on adjusted revenue of $200 million or more. FanDuel became the first online sports betting operator to reach the 30% tax bracket in August while DraftKings moved up to 25%. DraftKings finishes first Online Illinois sports betting accounted for $852.8 million of the [https://hiddenwiki.co/index.php?title=User:MiltonDilke27 state's] total wagering during August. [https://cac5.altervista.org/index.php?title=Utente:LornaPrimrose6 DraftKings led] all [https://www.herseysaglikicin.com.tr/blog/gida-takviyesi-nedir operators] with a handle of $328.4 million while also pacing the field with $22.3 million in revenue. FanDuel’s better hold of 8.1% on a $266.5 million handle led to $21.6 million in . Fanatics Sportsbook produced its best month since launching in April, holding off BetRivers for third place with a handle of $62.7 million. BetRivers won the revenue battle, though, [http://vtulka.ru/blog/another-blog-post/ hauling] in $4.4 million on a $60.1 million handle. BetMGM generated $47.1 million in wagers to beat out Caesars by nearly $6 million. Both operators produced a hold below 5%. ESPN BET was the only other operator to cross $30 million in handle while Circa Sports generated $13 million in wagers. Hard Rock debuts Hard [https://git.i2edu.net/heididelany19 Rock launched] its online and retail sportsbook in Illinois in late August. The [https://classifieds.ocala-news.com/author/miguelwxj46 newcomer] became the [https://git.i2edu.net/heididelany19 ninth mobile] [https://funnyutube.com/@tandyberkman93?page=about operator] in the Land of Lincoln. Hard Rock Bet, is also live in New Jersey, Arizona, Florida, Indiana, Ohio, Tennessee, and [http://wiki.die-karte-bitte.de/index.php/Benutzer_Diskussion:SammieP645747665 Virginia].

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2026-05-03T07:10:36Z

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Illinois Sports Betting Action Rises 30% Year-Over-Year In August

User:GlennGrizzard83