The Illinois Gaming Board reported a November handle of $1.53 billion, the most ever bet for the 2nd successive month. Sports betting operator profits of $154.6 million likewise set a new regular monthly high and eclipsed the previous record of $137.2 million from September 2024.

Action in Illinois during a high-volume sports month that included NFL, college football, NBA, NHL, and college basketball increased 11.3% year-over-year. Revenue leapt 112.6% from November 2023.

The 10.1% hold in November reached double digits for the fourth time in 2024 and nearly doubled the win rate from the exact same month of the previous year.

Online sportsbooks $1.49 billion of the Land of Lincoln manage and produced a 10.1% hold while retail sports wagering operators created $39.2 million in wagers and $3 million in earnings.

Illinois sports wagering created $48.2 million in tax revenue, while Cook County got $1.5 million from sports betting in the Chicago location.

Monthly improvement

Illinois operators rallied in November. With NFL favorites winning unprecedentedly throughout a stretch in October, year-over-year profits fell by 27.8%.

Profits leapt 90% from October to November on a handle improvement of 6%. Sports betting operators produced a 2.8% hold on football wagers and an 8.6% win rate on parlays, the most affordable in more than 4 years.

In November, football represented $25.2 countless the total earnings, thanks to a 61% hold, while parlays reached an almost 20% win rate to make sportsbooks $93.7 million.

Big earnings

DraftKings set Illinois monthly records with a $527.1 million deal with and income of $57.3 million. FanDuel wasn't far behind with $512.4 million in wagers and $54.7 million in earnings, the most it has actually ever transported in as an Illinois operator.

The two leading operators in the Illinois market both set income highs without producing double-digit holds.

Fanatics Sportsbook likewise set a brand-new mark for the online sportsbook with $11.4 million in revenue and finished third with a manage of $118.7 million. BetRivers placed fourth with an $85.4 million handle while also increasing its revenue by 81% month-over-month.

BetMGM and Caesars were the only other sportsbooks to exceed $60 million in wagers and both saw month-over-month income increases. ESPN BET produced a November handle of $54.1 million, a 20.4% decrease from October.

Hard Rock Bet took in $38.5 million in wagers while Circa Sports taped a $13.9 million handle. Both produced win rates below 7%.

Better than 2023

With one more month to report for 2024, Illinois is on rate to shatter the previous year's wagering numbers. The Land of Lincoln has currently surpassed $12.5 billion in wagers through November. That's nearly $1 billion more than all 12 months of 2023.