Illinois has broken its single-month sports betting handle record.
Illinois recorded $971 million in total bets placed.
They brought in $62 million in revenue from sports betting.
CHICAGO – Illinois made history since launching its sports betting industry back in June of 2019 with March 2022’s sports betting handle.
The Prairie State flirted with the $1 billion mark in March having posted a record high $971 betting handle. This historic mark is a 43% jump from the $679.3 million handle that they reported in February 2022.
As a whole, legal sports betting in Illinois has been on fire in recent months having gone over $660 million in wagers in the last five months.
Where The Numbers Came From
Being that this handle record was broken in March when March Madness season is in full swing, it makes sense that both the men’s and women’s tournaments accounted for $286.2 million.
Especially being that three Illinois-based teams played in the tournaments in the Illinois Fighting Illini and Loyola Chicago Ramblers in the men’s tournament and the Illinois State Redbirds in the women’s.
Basketball as a whole, including the NBA, was responsible for $540 million of the handle. College betting overall in March though including college hoops conference tournaments, college baseball, and other college sports, brought in $350.8 million to the handle.
As for the revenue that Illinois sports betting brought in $62 million which is about a 70% increase from the February betting revenue that was made.
Making up more than half of the state’s revenue numbers were parlay bets that totaled $33.9 million at a 15.8% win rate. Basketball bets made $17.2 million in revenue, tennis saw $3.8 million, hockey at $2.7 million, and boxing/MMA with $1.3 million.
Illinois was close to joining some elite company as New York, New Jersey, and Pennsylvania are the only three states to ever record a betting handle of $1 billion or more. If Illinois continues on its hot route, it could be next.
News tags: College Basketball | Illinois | Illinois sports betting | March Madness | NBA | Nevada sports betting | New Jersey sports betting | New York sports betting
Samuel has been writing professionally for 4 years. He comes from a sports writing background where he enjoys writing mostly about basketball and football both professional and collegiate. He is a recent graduate of Florida State University where he majored in Editing, Writing and Media with a minor in Communications. During his free time, you can find him watching or playing sports as well as playing videogames and listening to music.