Press Releases
PlayIllinois.com: Sportsbooks finish 2020 with nearly $500 million in December
Illinois online sportsbooks ended 2020 on the highest note yet, pushing the statewide handle to nearly $500 million in monthly wagering and ending the industry’s inaugural year with nearly $2 billion in bets even as retail casinos remained closed in December. But even as the book on 2020 closes, brisk betting on February’s Super Bowl signals an even bigger year ahead, according to PlayIllinois, which offers news and analysis of the state’s gaming industry.
“No state has made a bigger splash in its first year of regulated sports betting than Illinois,” said Jessica Welman, analyst for PlayIllinois.com. “But with growth that is expected of any fledgling market, combined with, hopefully, a return to more normal life for everyone, 2020 should be a prologue to a year that has the potential of being one of the most lucrative for any legal jurisdiction. The caveat is, though, that a lifting of the current suspension of the state’s in-person registration requirements would have a chilling effect throughout the market.”
With retail sportsbooks closed, Illinois online operators attracted $491.7 million in bets in December, according to official data released Monday. That is up 8.6% from $449.2 million in November and represents the fourth-largest handle in the U.S. for the month, behind New Jersey ($996.3 million), Nevada ($588 million), and Pennsylvania ($548.6 million).
December’s bets produced $28.4 million in operator revenue, down from $41.3 million in November. That yielded $3.6 million in taxes for the state.
Despite a pandemic that slowed the launch of sports betting until July and deeply impacted retail sportsbooks, Illinois’ retail and online sportsbooks for all of 2020 produced:
- $1.9 billion in wagers.
- $125.5 million in taxable revenue.
- $20.2 million in state and local taxes.
Despite the historic start, the best is likely yet to come. Bets on February’s Super Bowl, for instance, reached $45.6 million, fourth most among states that released data following the game.
“With results that have rivaled far more established markets, it might be easy to forget that Illinois is still nowhere near its maturity as a market,” said Joe Boozell, analyst for PlayIllinois.com. “The state is still very much ramping up, but there is no question that Illinois will be an increasing force in the industry.”
December’s results were helped by the playoff run of the Chicago Bears, which spurred football betting to $204.4 million, or 41.6% of the state’s handle. College basketball and the opening of the NBA season vaulted basketball betting to No. 2 with $441.2 million, or 29.3% of Illinois’ handle.
Illinois’ sportsbooks are also getting more creative, which should help bolster their bottom line. Some sportsbooks are now offering odds on where major NFL free agents will eventually sign, the kind of unconventional bet that has made its way to only a handful of states.
“Unconventional bets, prop or otherwise, are more than a fun curiosity for sportsbooks,” Welman said. “They offer new ways for consumers to engage, especially during a sport’s offseason. That is especially true for football betting, which commands more action than any other sport.”
With a $195.4 million handle, DraftKings/Casino Queen accounted for 40% of the state’s overall handle. DraftKings’ month was up from $166 million overall and $164.1 million online in November. FanDuel/Par-A-Dice Casino moved to No. 2 with $144.5 million in December, up from $113.5 million overall and $113.3 million online in November. BetRivers/Rivers Casino slipped to No. 3 with $111.2 million, down from $133.2 million overall and $125 million online in November.
New brands, most notably Penn National’s Barstool-branded app, which is among the most popular in Pennsylvania, will reach new customers and open new sources of revenue, and that will raise expectations for the state.
“The more robust the roster of operators in the state, the better it is for customers,” Boozell said. “The Barstool app should be an important addition, capable of not only grabbing a significant share of the market, but also helping to grow the pie for all.”
For more information and analysis on regulated sports betting in Illinois, visit PlayIllinois.com/news.
Aposta Ganha, the fastest growing Brazilian sports betting and casino site in Brazil, has launched its Black Friday promotion with its newest ambassador Luva de Pedreiro, AKA Bricklayer’s Glove.
With over 21 million followers on Instagram, the digital influencer and social media phenomenon will strengthen the brand’s presence in the market and shake up Black Friday with a campaign full of special offers for bettors.
Known for his catchphrase “Receeeeba!” and his irreverent personality, Luva de Pedreiro will be the main face of the campaign, creating a direct connection with the public, football fans and social media enthusiasts. The partnership aims to increase Aposta Ganha’s visibility in the market, attract new bettors and offer an even more dynamic experience.
Aposta Ganha is taking advantage of Black Friday to reinforce its commitment to ethical and transparent operations in the market. The platform complies with the new regulations of the Federal Government and invests in education and awareness initiatives, ensuring a safe experience for its users. Vitor Paulin, Chief Marketing and Growth Officer at Aposta Ganha, said: “Signing an ambassador like Luva de Pedreiro is a huge milestone for Aposta Ganha. His authenticity and connection with the public make him the ideal partner to boost our brand and make the betting experience even more exciting.”
Aposta Ganha’s Black Friday brings unmissable offers for all types of bettors. One highlight is that bettors will receive 10% cashback on the amount lost in the Aviatrix game and daily offers for sports betting. The promotions will be valid from November 21 to 30, with exclusive advantages in selected games each day.
Latest News
MAJOR LEAGUE BASEBALL SELECTS SPORTRADAR TO TRANSFORM PLAYER TALENT SCOUTING FOR ALL 30 CLUBS
Sportradar today announced a multiyear agreement with Major League Baseball (MLB) to offer unparalleled sports performance analysis of amateur baseball prospects, through its Synergy Coaching and Scouting solution, to the league and its 30 Clubs. This new partnership will revolutionize player talent scouting through Sportradar’s advanced, proprietary technology and highlights Sportradar’s commitment to delivering innovative and game-changing solutions to the league.
Under the agreement, MLB and its 30 Clubs will gain access to an unprecedented depth of player analysis and insights with event coverage expanding significantly, from 3,300 to more than 20,000 games – an over 600% increase. This includes college, international, professional partner leagues and leading amateur leagues, such as the MLB Draft League, the Appalachian League and MLB Develops events, and, for the first time, top high school events.
The Synergy Coaching and Scouting solution is uniquely positioned to address the player evaluation needs of MLB as it leverages Sportradar’s expertise ingesting and transforming millions of data points from video into detailed metrics, actionable insights and dynamic visualizations. This, combined with Sportradar’s AI-powered sports performance technology, enables Synergy to provide unparalleled, in-depth analysis of every player, play and game situation, and equips MLB and Club scouts with the information and insights they need to streamline the evaluation process, guide draft decisions and support the development of future MLB players.
“Sportradar’s cutting-edge technology, alongside our reputation as a trusted partner to leading US sports leagues, is driving the transformation of sports performance analysis,” said Eduard Blonk, Chief Commercial Officer, Sportradar. “Through Synergy we are pleased that we are expanding our relationship with MLB, equipping them with the deep data and insights they need to identify the next generation of players. We are eager to continue bringing innovative solutions to MLB.”
“We are excited to expand our relationship with Sportradar and ensure equal access to the Synergy video and data services for all 30 MLB Clubs. This platform has become a key resource for Clubs in the domestic and international scouting process and we look forward to continuing our work with Sportradar in the coming years,” said John D’Angelo, MLB’s Sr. Vice President of Amateur and Medical Operations.
Financial reports
Commercial Gaming Revenue Growth Continues in Q3 2024, Driving Industry’s 15th Consecutive Quarter of Growth
U.S. commercial gaming revenue reached $17.71 billion in Q3 2024, the industry’s highest-grossing Q3 on record, according to the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker. This makes Q3 2024 the industry’s 15th consecutive quarter of annual revenue growth, with September marking the 43rd straight month of rising year-over-year commercial gaming revenue.
Through the first nine months of the year, nationwide commercial gaming revenue stands at $53.24 billion, pacing 8.0 percent ahead of 2023 and putting the industry on track for a fourth straight record revenue year.
In Q3 2024, 29 of the 35 commercial gaming jurisdictions operational last year saw increased year-over-year revenue. This growth resulted in an 8.9 percent year-over-year increase in state and local taxes tied directly to gaming revenue, with commercial gaming operators contributing $3.79 billion in taxes across the quarter.
Quarterly revenue from land-based gaming – encompassing casino slots, table games and retail sports betting – totaled $12.56 billion, 0.62 percent lower than Q3 2023. Meanwhile, combined revenue from online sports betting and iGaming totaled $5.14 billion in Q3 2024 as online gaming made up 29.0 percent of commercial gaming revenue, a significantly higher share than in Q3 2023.
Looking at each sector in Q3 2024:
- Traditional Gaming: Traditional brick-and-mortar casino gaming generated quarterly revenue of $12.38 billion, a contraction of 0.9 percent year-over-year.
- Legal Sports Betting: Americans legally wagered $30.3 billion on sports, generating $3.24 billion in quarterly revenue (+42.4% YoY). Recent market launches in Kentucky, Maine, North Carolina and Vermont contributed to this growth.
- iGaming: iGaming generated $2.08 billion in revenue, marking a 30.3 percent year-over-year increase.
“Q3 2024 continued gaming’s momentum from the first half of the year, with online casino and sports betting driving strong growth. At the same time, new brick-and-mortar casino openings bolstered traditional gaming, which still accounts for the bulk of industry revenue,” said AGA Vice President of Research David Forman. “More than a quarter of commercial revenue now regularly comes from online sources, raising the importance of continued sustainable growth with consumers in those states.”
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