Since the legalization of sports betting in Illinois, the state has witnessed a significant surge in both participation and revenue. This guide provides an in-depth look into the current landscape of sports betting in the Prairie State, including legal frameworks, top sportsbooks, and recent statistics.
Legalization and Regulation
Illinois legalized sports betting in March 2020, with the first bets placed shortly thereafter. The Illinois Gaming Board oversees all sports wagering activities, ensuring a secure and fair environment for bettors.
Top Online Sportsbooks in Illinois
Several reputable sportsbooks operate within Illinois, offering a variety of betting options:
- DraftKings Sportsbook: Known for its user-friendly interface and extensive market coverage.
- FanDuel Sportsbook: Offers competitive odds and a wide range of promotional offers.
- BetRivers: Features a robust rewards program and early cash-out options.
- PointsBet: Unique betting options with a focus on customer service.
Recent Statistics and Performance
Illinois has experienced remarkable growth in sports betting since its inception:
- Total Handle in 2024: $14 billion, a 20.7% increase from 2023.
- Operator Revenue in 2024: $1.2 billion, with a hold percentage of 8.6%.
- State and Local Tax Revenue in 2024: Over $1.7 billion from casinos, video gaming terminals, and sportsbooks.
Monthly Sports Betting Handle in 2024
The following chart illustrates the monthly sports betting handle in Illinois for the year 2024:
| Month | Handle |
|---|---|
| January | $1.286 billion |
| February | $1.070 billion |
| March | $1.264 billion |
| April | $1.103 billion |
| May | $1.016 billion |
| June | $847.9 million |
| July | $773.7 million |
| August | $877.9 million |
| September | $1.305 billion |
Data Source: Illinois Gaming Board
Taxation and Revenue Allocation
In 2024, Illinois generated over $1.7 billion in gaming tax revenue from its casinos, video gaming terminals, and sportsbooks. This revenue supports various state and local initiatives, including education and infrastructure projects.
Future Outlook
Looking ahead, Illinois plans to increase the sports betting tax rate in 2025, with rates ranging from 20% to 40% based on sportsbook revenue. Additionally, new operators, such as Bally Bet, are expected to enter the market, further enhancing the competitive landscape.
Responsible Gambling Resources
Illinois is committed to promoting responsible gambling. Bettors are encouraged to set limits and seek support if needed. Resources include:
By staying informed and utilizing available resources, bettors in Illinois can enjoy a safe and enjoyable sports betting experience.