Illinois sports betting market generated around $80 million in November. It is the most lucrative month since the launch of sportsbooks in the state. Also, it was the third-most revenue in the US in November. The US sports betting markets earned a total of $659 million during the month.
According to gambling and sports news sites, November was the most profitable month in US sports betting history. Again, Illinois stood out due to its growth. Also, the sports wagering industry grew despite the in-person registration requirement and the ban on in-state college sports.
Players wagered $780 million in online and retail sportsbooks in November. However, the total handle fell short of the record $840 million achieved in October. Also, wagering volume dropped to $26 million daily compared to $27 million in October. On the other hand, bets increased 74 percent in November 2021 compared to $449 million in November 2020.
Illinois Sports Betting Record
Gross revenue increased 112 percent to $78.2 million in November 2021 compared to $37 million in November 2020. Also, it was higher than the previous record of $50 million achieved in March. As a result, it yielded $12.7 million in local and state taxes.
Illinois is one of the young US sports betting markets. As a result, sports betting companies continue to expand their reach in the state. Also, players are more than willing to try unconventional sports wagering options, such as in-game betting.
November had four weekends. Also, it saw three Chicago Bears games. However, the Bears were struggling during the month. As a result, NFL betting dropped from $330 million in October to $257 million in November.
On the other hand, betting on the Chicago Bulls fueled basketball betting to $226 million in November from $93 million in October. In November, other sports that brought significant sports betting action were tennis, soccer, and hockey. Also, they were reports that there are more people who play online slots during the month.