• Betting Promos
    • State Promos
      • AZ Sportsbook Promos
      • CO Sportsbook Promos
      • CT Sportsbook Promos
      • IA Sportsbook Promos
      • IL Sportsbook Promos
      • IN Sportsbook Promos
      • KS Sportsbook Promos
      • LA Sportsbook Promos
      • MA Sportsbook Promos
      • MD Sportsbook Promos
      • MI Sportsbook Promos
      • NJ Sportsbook Promos
      • NY Sportsbook Promos
      • OH Sportsbook Promos
      • PA Sportsbook Promos
      • TN Sportsbook Promos
      • VA Sportsbook Promos
      • WY Sportsbook Promos
    • Bet365 Bet $1 Get $200
    • DraftKings Bet $5 Get $200
    • FanDuel No Sweat First Bet Promo
    • Caesars First Bet Promo
    • BetMGM Bet $10 Win $200
  • Sportsbooks
    • States
      • Arizona
      • Colorado
      • Connecticut
      • Illinois
      • Indiana
      • Iowa
      • Kansas
      • Louisiana
      • Massachusetts
      • Maryland
      • Michigan
      • New Jersey
      • New York
      • Ohio
      • Pennsylvania
      • Tennessee
      • Virginia
      • Wyoming
    • US Online Sportsbooks
      • Bet365
      • BetMGM
      • Caesars
      • DraftKings
      • FanDuel
      • BetRivers
      • SuperBook
      • Tipico Sportsbook
      • PointsBet
      • SI Sportsbook
      • Unibet
    • Canada Sportsbooks
      • Ontario Sportsbooks
    • Parlay Betting Sites
    • Beginner Sports Betting Apps
    • Teasers Sportsbooks
  • NBA
    • NBA Betting Sites
    • NBA Betting Promos
    • NBA Odds
    • NBA Team ATS Standings
  • MLB
    • MLB Betting Sites
    • MLB Sportsbook Promos
    • MLB Odds
    • MLB ATS Standings
  • NHL
    • NHL Odds
    • NHL ATS Standings
  • Casinos
    • States
      • New Jersey Casinos
      • Pennsylvania Casinos
      • Michigan Casinos
    • Casino Reviews
      • BetMGM Casino
      • Golden Nugget Casino
      • Unibet Casino
      • Borgata Casino
      • Betway Casino
      • Party Casino
      • Tipico Casino
      • WynnBet Casino
      • Bet365 Casino
      • Wheel of Fortune
      • FanDuel Casino
      • DraftKings Casino
      • Caesars Casino
      • BetRivers Casino
    • No Deposit Bonuses
      • Caesars No Deposit Promo
      • BetMGM No Deposit Promo
      • Borgata No Deposit Bonus
      • Wheel of Fortune Casino No Deposit
      • Bet365 No Deposit Bonus
      • Golden Nugget No Deposit Bonus
      • Unibet Casino Free $10
      • BetRivers Casino No Deposit Bonus
      • PA Casino No Deposit Bonus
      • NJ Casino No Deposit Bonus
      • MI Casino No Deposit Bonus
    • Best Casino Bonuses
    • Social Casinos
      • LuckyLand Slots
      • MyJackpot.com
      • Stake.us
      • WOW Vegas
      • Hard Rock Social
      • Chumba Casino
      • Fortune Coins
      • Pulsz Casino
      • Golden Hearts Games
  • More
    • NFL
      • NFL Betting Sites
      • NFL Betting Promo Codes
      • NFL Odds
      • Super Bowl 58 Odds
    • CFB
      • College Football Promos
      • College Football Odds
      • CFB Team ATS Standings
      • Bowl Schedule
    • CBB
      • Best NCAAB Bets Today
      • March Madness Promos
      • NCAA Tournament Betting Odds
      • Conference Tournament Betting
        • ACC Tournament Betting
        • Atlantic 10 Tournament Betting
        • BIG 10 Tournament Betting
        • BIG 12 Tournament Betting
        • Big East Tournament Betting
        • Mountain West Tournament Betting
        • SEC Tournament Betting
        • West Coast Conference Betting
      • College Basketball Odds
      • College Basketball Team ATS Standings
      • College Basketball Promos
      • Futures
        • ACC Conference
        • Big Ten Conference
        • Big 12 Conference
        • Big East Conference
        • Mountain West Conference
        • PAC-12 Conference
        • SEC Conference
        • A-10 Conference
        • AAC Conference
        • West Coast Conference
    • UFC
    • Golf
    • Soccer
    • WNBA
    • Tennis
    • CFL
    • Betting FAQ
    • Banking Options
      • Visa Sportsbooks
      • Mastercard Sportsbooks
      • PayPal Sportsbooks
      • Venmo Sportsbooks
      • Apple Pay Sportsbooks
      • Play Plus Sportsbooks
    • ATS App
Illinois sports betting
April 5th, 2023

Illinois Sports Betting Update in April 2023

Mike McDermott Mike McDermott

Illinois ranks 5th in the nation post-PASPA in sports betting handle, and the amount of money already wagered since the PASPA ruling is mind-boggling. What can Prairie State sportsbook operators and tax collectors expect in the coming months?

How Illinois Ranks Nationally Post-PASPA Betting Handle

In sports betting, “handle” is the total amount of money wagered on a sporting event or series of events. The handle determines the total amount of money bet, and bookmakers and sportsbooks often use these numbers to decide their overall revenue or margin of profit.

According to IL Betting, Illinois sports betting sites have been accepting wagers since March 2020, and in that short time, Prairie State players staked $18.5 Billion in bets.

StateHandleRevenueHoldTax Revenue
New Jersey$34.8 Billion$2.4 Billion7.0%$309.4 Million
Nevada$30.4 Billion$1.7 Billion5.6%$116.6 Million
New York$19.9 Billion$1.6 Billion8.4%$826.9 Million
Pennslyvania$19.6 Billion$1.5 Billion7.9%$380.4 Million
Illinois$18.5 Billion$1.4 Billion7.7%$232.6 Million

Illinois Betting Companies Generate Tax Revenue

The Illinois Gaming Board requires a 15% tax (Cook County companies pay an extra 2%). Illinois became the third state, along with Pennsylvania and New Jersey, to surpass $100 million ($232,615,020) in tax receipts from sports betting in the post-PASPA era dating to 2018.

Most Robust Illinois Sports Betting Markets

Illinois sports bettors chose basketball as their favorite sport in January. Still, players like to bet on the Chicago Bears and Chicago Blackhawks, and international events such as the World Cup and Grand Slam tennis tournaments are also widely invested markets.

SportHandle
Basketball$4,565,051.00
Football$4,482,799.00
Tennis$765,417.00
Soccer$623,578.00
Hockey$588,589.00

Astounding Parlay Hold Rates

Parlays continued to drive the revenue for the Illinois sportsbook operators as most of their January handle and revenue comes from these high-risk, high-reward markets.

SportsbookHandleRevenueHold Rate
FanDuel$134.58 Million$28.91 Million21.48%
DraftKings$88.77 Million$13.26 Million14.94%
BetRivers$24.46 Million$3.54 Million14.47%
PointsBet$16.9 Million$3.28 Million19.4%
BetMGM$10.92 Million$1.09 Million10.00%

Upcoming Illinois Sports Events

In January, the seven online and retail Illinois sportsbook companies took over $1 billion in betting handle. These upcoming sporting events could help the oddsmakers generate higher revenue and tax dollars.

  • MLB Opening Day and 2023 Season (March 30-Oct 4)
  • Masters Golf (April 6-9)
  • NBA Playoffs (April 11-June 18)
  • NFL Draft (April 27-29)
  • NHL Playoffs (April 15-June 10)
  • French Open (May 28-June 11)
  • College World Series (June 16-26)
Previous article

DraftKings Promo Code for 2023 Masters | Get a +1,000 Odds Boost

Next article

Kansas Jayhawks forward Jalen Wilson to enter NBA Draft

Related Articles

nba finals tv ratings
May 22nd, 2023

Will Heat vs Nuggets NBA Finals TV Ratings Tank & Should You Care?

 Arizona Coyotes, tags: relocation uncertain - upload.wikimedia.org
May 18th, 2023

Arizona Coyotes explore potential relocation options amid uncertain future

Francis Ngannou
May 17th, 2023

Former UFC champion Francis Ngannou signs with PFL

×

 Subscribe to our newsletter

 

21+ to BetIf you or someone you know has a gambling problem, and wants help, call or visit the Council on Compulsive Gambling of:

  • Gamblers Anonymous at 855-2-Call GA or www.gamblersanonymous.org
  • NJ at 1-800-Gambler or www.800gambler.org
  • PA at 1-800-Gambler or www.pacouncil.com
  • IN at 1-800-9-WITH-IT or indianaproblemgambling.org CO/WV/TN at 1-800-Gambler
  • IA at 1-800-BETS-OFF
  • MD at 1-800-GAMBLER or mdgamblinghelp.org
  • MI at 1-800-270-7117
  • IL at 1-800-GAMBLER or text “ILGamb” to 53342
  • VA at 1-888-532-3500
  • AZ at 1-800-NEXT-STEP or text NEXT-STEP at 53342
  • WY at 1-800-522-4700 (call or text)
  • MS at 1-888-777-9696
  • CT at 1-888-789-7777 or visit ccpg.org/chat
  • Gambling Problem? NY Call 1-877-8-HOPENY or text HOPENY (467369)
  • Gambling Problem? Call Louisiana’s 24-hour Problem Gambling Helpline at 1-877-770-STOP (7867)
  • KS at 1-800-522-4700
  • OH: Gambling problem? Call 1-800-522-4700 21+

PICKS & PREDICTIONS

  • NFL Picks
  • College Football Picks
  • NBA Picks
  • College Basketball Picks
  • NHL Picks
  • MLB Picks
  • UFC Picks

BETTING

  • Sportsbook Ratings
  • US Sportsbooks
  • Parlay Betting Sites
  • Sportsbook Promos
  • BetMgm Bet $10 Win $200
  • Caesars Risk Free Bet
  • Online Casinos
  • BetMGM Casino
  • Ceasars No Deposit Promo

QUICK LINKS

  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
2009-2023 ats.io, Inc.
sportsdata io
DMCA Protected
  • Betting Promos
    • State Promos
      • AZ Sportsbook Promos
      • CO Sportsbook Promos
      • CT Sportsbook Promos
      • IA Sportsbook Promos
      • IL Sportsbook Promos
      • IN Sportsbook Promos
      • KS Sportsbook Promos
      • LA Sportsbook Promos
      • MA Sportsbook Promos
      • MD Sportsbook Promos
      • MI Sportsbook Promos
      • NJ Sportsbook Promos
      • NY Sportsbook Promos
      • OH Sportsbook Promos
      • PA Sportsbook Promos
      • TN Sportsbook Promos
      • VA Sportsbook Promos
      • WY Sportsbook Promos
    • Bet365 Bet $1 Get $200
    • DraftKings Bet $5 Get $200
    • FanDuel No Sweat First Bet Promo
    • Caesars First Bet Promo
    • BetMGM Bet $10 Win $200
  • Sportsbooks
    • States
      • Arizona
      • Colorado
      • Connecticut
      • Illinois
      • Indiana
      • Iowa
      • Kansas
      • Louisiana
      • Massachusetts
      • Maryland
      • Michigan
      • New Jersey
      • New York
      • Ohio
      • Pennsylvania
      • Tennessee
      • Virginia
      • Wyoming
    • US Online Sportsbooks
      • Bet365
      • BetMGM
      • Caesars
      • DraftKings
      • FanDuel
      • BetRivers
      • SuperBook
      • Tipico Sportsbook
      • PointsBet
      • SI Sportsbook
      • Unibet
    • Canada Sportsbooks
      • Ontario Sportsbooks
    • Parlay Betting Sites
    • Beginner Sports Betting Apps
    • Teasers Sportsbooks
  • NBA
    • NBA Betting Sites
    • NBA Betting Promos
    • NBA Odds
    • NBA Team ATS Standings
  • MLB
    • MLB Betting Sites
    • MLB Sportsbook Promos
    • MLB Odds
    • MLB ATS Standings
  • NHL
    • NHL Odds
    • NHL ATS Standings
  • Casinos
    • States
      • New Jersey Casinos
      • Pennsylvania Casinos
      • Michigan Casinos
    • Casino Reviews
      • BetMGM Casino
      • Golden Nugget Casino
      • Unibet Casino
      • Borgata Casino
      • Betway Casino
      • Party Casino
      • Tipico Casino
      • WynnBet Casino
      • Bet365 Casino
      • Wheel of Fortune
      • FanDuel Casino
      • DraftKings Casino
      • Caesars Casino
      • BetRivers Casino
    • No Deposit Bonuses
      • Caesars No Deposit Promo
      • BetMGM No Deposit Promo
      • Borgata No Deposit Bonus
      • Wheel of Fortune Casino No Deposit
      • Bet365 No Deposit Bonus
      • Golden Nugget No Deposit Bonus
      • Unibet Casino Free $10
      • BetRivers Casino No Deposit Bonus
      • PA Casino No Deposit Bonus
      • NJ Casino No Deposit Bonus
      • MI Casino No Deposit Bonus
    • Best Casino Bonuses
    • Social Casinos
      • LuckyLand Slots
      • MyJackpot.com
      • Stake.us
      • WOW Vegas
      • Hard Rock Social
      • Chumba Casino
      • Fortune Coins
      • Pulsz Casino
      • Golden Hearts Games
  • More
    • NFL
      • NFL Betting Sites
      • NFL Betting Promo Codes
      • NFL Odds
      • Super Bowl 58 Odds
    • CFB
      • College Football Promos
      • College Football Odds
      • CFB Team ATS Standings
      • Bowl Schedule
    • CBB
      • Best NCAAB Bets Today
      • March Madness Promos
      • NCAA Tournament Betting Odds
      • Conference Tournament Betting
        • ACC Tournament Betting
        • Atlantic 10 Tournament Betting
        • BIG 10 Tournament Betting
        • BIG 12 Tournament Betting
        • Big East Tournament Betting
        • Mountain West Tournament Betting
        • SEC Tournament Betting
        • West Coast Conference Betting
      • College Basketball Odds
      • College Basketball Team ATS Standings
      • College Basketball Promos
      • Futures
        • ACC Conference
        • Big Ten Conference
        • Big 12 Conference
        • Big East Conference
        • Mountain West Conference
        • PAC-12 Conference
        • SEC Conference
        • A-10 Conference
        • AAC Conference
        • West Coast Conference
    • UFC
    • Golf
    • Soccer
    • WNBA
    • Tennis
    • CFL
    • Betting FAQ
    • Banking Options
      • Visa Sportsbooks
      • Mastercard Sportsbooks
      • PayPal Sportsbooks
      • Venmo Sportsbooks
      • Apple Pay Sportsbooks
      • Play Plus Sportsbooks
    • ATS App