Press Releases
PlayIllinois.com: Sports betting slows, but Illinois quickest ever to $5 billion in wagering
Wagering at Illinois sportsbooks slowed in June to below $500 million for the first time since December 2020 while revenue once again surged, as the effects of summer’s sports calendar and in-person registration requirements continued to be felt. Even as the Prairie State remains in line with trends seen in most major U.S. markets, Illinois managed to reach $5 billion in lifetime handle quicker than any market in U.S. history, according to analysts from PlayIllinois, which tracks the state’s regulated online gaming and sports betting market.
“Illinois sportsbooks is very much continuing down the same path as most major U.S. markets in June, with revenue surging despite the seasonal headwinds working to keep handle down,” said Eric Ramsey, analyst for the PlayUSA.com Network, which includes PlayIllinois.com. “Fortunately for them, sportsbooks only have to endure one more month of sluggish action before the fall sports season reignites the industry.”
Illinois’ retail and online sportsbooks took in $476.5 million in wagers in June, down 6.1% from $507.3 million in May, according to official data released Thursday. That is the lowest handle in the state since sportsbooks collected $449.2 million in November 2020. The day-by-day pace of betting slowed to $15.9 million over the 30 days of June, which was down from $16.9 million per day in May.
The month’s handle placed Illinois No. 3 in the U.S. in June, behind New Jersey ($766.9 million) and Nevada ($545.5 million), but ahead of Pennsylvania ($420.2 million). More impressive, though, June’s handle pushed the lifetime total for the state to $5.1 billion. Illinois is just the fourth state to reach $5 billion, and the state’s sportsbooks did it in 16 months, breaking New Jersey’s record of 18 months.
“Even with all the twists and turns over the last year, namely the back-and-forth with in-person registration requirements and pandemic restrictions, Illinois continues to break new ground,” said Joe Boozell, analyst for PlayIllinois.com. “Illinois bettors remain highly engaged, keeping the state entrenched among the nation’s sports betting heavyweights like Nevada and New Jersey.”
As June’s handle fell, gross gaming revenue rose 31.8% to $48.2 million from $36.6 million in May. That is the third highest revenue total in state history, only surpassed by the record $49.9 million set in March and $49.4 million in January. July’s gross revenue produced $47.5 million in adjusted gross revenue, yielding $7.7 million in state and local taxes.
The revenue jump is a product of the way bettors tend to engage with summer sports.
Basketball remained the top sport, attracting $126.9 million in bets, which was down from $154.3 million in wagering in May. Baseball betting remained relatively flat, producing $126.7 million in bets, up from $126.1 million in May.
Meanwhile, parlay bets swelled to $101.1 million in bets, generating a whopping $22.8 million in revenue for sportsbooks. Tennis jumped to $40.3 million in wagers from $32.6 million in May.
“Bettors interact with individual sports like golf and tennis differently than major U.S. team sports like football, placing more futures bets and single-game parlay bets that carry lower odds to win,” Ramsey said. “For sportsbooks those bets are particularly important during the summer when volume drops. And it puts sportsbooks in an excellent position as football season approaches.”
$451.7 million, or 94.8%, of June’s bets were made online. DraftKings/Casino Queen remained in the market lead with $160.2 million in combined online and retail handle, down from $170.1 million in May. June’s handle included $157.1 million of online bets and $14.0 million in gross gaming revenue.
FanDuel’s online and retail sportsbooks attracted $156.3 million in bets in June, which was flat from May. The month’s bets, $155.3 million of which came online, generated a market-leading $20.3 million in gross gaming revenue.
BetRivers/Rivers Casino rose to $83.2 million in combined handle, including $71.2 million in online wagering. That led to $7.5 million in gross gaming revenue.
The leaders were followed by:
- PointsBet/Hawthorne Race Course ($35.6 million in wagers, including $33.6 million online; $3.4 million in revenue)
- Barstool/Hollywood Aurora ($30.4 million in wagers, including $28.7 million online; $2.1 million in revenue)
- William Hill/Grand Victoria ($6.6 million in wagers, including $5.9 million online; $504,006 in revenue)
- Argosy ($2.7 million in retail wagers; $359,010 in revenue)
- Hollywood Joliet ($1.2 million in wagers; $95,949 in revenue)
- Par-A-Dice ($360,804 in wagers; -$69,131 in revenue)
The fight for market share was largely static in June. This as lawmakers continue to grapple with in-person registration requirements and a $20 million licensing fee for online-only operators.
“Without a legislative fix, in-person registration will continue to be an issue that alters the market,” Boozell said. “Worse, if no operator pays the hefty online-only fee when those licenses become available in December it could make in-person registration permanent. We will see if legislators are able to either lower the price of the online-only licenses to make them more attractive or make it so that the online-only licenses aren’t the trigger for remote registration.”
Canada
Soft2Bet strengthens integrity monitoring with IBIA membership in Ontario
Soft2Bet, a leading casino and sportsbook platform provider, has joined the International Betting Integrity Association (IBIA) and activated its membership in Ontario, Canada, following its licensing in the Canadian province.
Soft2bet obtained its Certificate of Registration from the Alcohol and Gaming Commission of Ontario (AGCO) at the end of March, where the company’s Ontario-focused brand Tooniebet.com will now feed into IBIA’s world-leading sports betting integrity monitoring platform before worldwide implementation in the coming months.
IBIA includes over 50 of the world’s leading sports betting and gaming companies, who operate over 125 sports betting brands. Soft2Bet’s decision to join the association further strengthens its own internal betting integrity protocols and IBIA’s position as the world’s leading sports betting integrity monitoring body.
David Yatom Hay, General Counsel at Soft2Bet, commented: “Soft2Bet is delighted to be joining the IBIA as we strengthen our own betting integrity monitoring processes and play our part in furthering the IBIA’s long-standing work on this key issue. Ontario is a world class iGaming jurisdiction; it will be the first market where we will implement our IBIA membership and we look forward to deploying the monitoring infrastructure worldwide in all the other markets in which we operate.”
Khalid Ali, CEO of IBIA, said: “Soft2Bet is a very welcome addition to IBIA, further strengthening our position in the Ontario market. The operator’s decision to join IBIA demonstrates its desire to utilise the best integrity protection available for its sportsbook product. The association is delighted to be able to integrate Tooniebet within our integrity monitoring system and looks forward to working closely with Soft2Bet to maintain the high integrity of its sportsbook.”
IBIA is a not-for-profit body that has no competing conflicts with the delivery of commercial services to other sectors and is run by operators and for operators to protect regulated sports betting markets from match-fixing. IBIA’s global monitoring network is a highly effective anti-corruption tool, detecting and reporting suspicious activity in regulated betting markets.
Through the IBIA monitoring network it is possible to track transactional activities linked to individual customer accounts. IBIA members generate more than $300bn in annual betting turnover (handle), accounting for approximately 50% of the global commercial regulated land-based and online sports betting sector, and in excess of 50% for online alone.
IBIA recently released a report on the Availability of Sports Betting Products which highlighted Ontario as a leading regulated gambling jurisdiction, with an expected onshore channelisation for sports betting of 92% in 2024 forecast to rise to 97% in2028. IBIA currently represents over 60% of the private sports betting operators licensed in the province. All online sportsbetting operators licensed in Ontario are required to be part of a betting integrity monitoring body.
IBIA’s Q1 2024 report detailed 56 alerts during the quarter. IBIA alerts contributed to the investigations and subsequent successful sanctioning of 21 clubs, players and officials in 2023, an increase on the 15 sanctioned in 2022.
Latest News
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