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The Illinois Gaming Board reported a November manage of $1.53 billion, the most ever wagered for the second successive month. Sports betting operator earnings of $154.6 million likewise set a brand-new regular monthly high and eclipsed the previous record of $137.2 million from September 2024.

Action in Illinois throughout 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 very same month of the previous year.

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

Illinois sports betting created $48.2 million in tax income, while Cook County received $1.5 million from sports wagering in the Chicago area.

Monthly enhancement

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

Profits jumped 90% from October to November on a handle enhancement of 6%. Sports wagering operators produced a 2.8% hang on football wagers and an 8.6% win rate on parlays, the most affordable in more than four years.

In November, football accounted for $25.2 million of the overall earnings, thanks to a 61% hold, while parlays reached an almost 20% win rate to make sportsbooks $93.7 million.

Big revenues

DraftKings set Illinois monthly records with a $527.1 million manage and revenue of $57.3 million. FanDuel wasn't far behind with $512.4 million in wagers and $54.7 million in profits, the most it has ever hauled in as an Illinois operator.

The 2 leading operators in the Illinois market both set highs without producing double-digit holds.

Fanatics Sportsbook likewise set a new mark for the online sportsbook with $11.4 million in revenue and finished third with a manage of $118.7 million. BetRivers positioned 4th with an $85.4 million deal with while likewise increasing its earnings 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 created a November deal with of $54.1 million, a 20.4% decline from October.

Acid rock Bet took in $38.5 million in wagers while Circa Sports taped a $13.9 million manage. Both produced win rates listed below 7%.

Better than 2023

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