Press Releases
PlayIllinois.com: $580 million January at Illinois sportsbooks marks the beginning of a year of growth
Illinois became the fourth U.S. state to take in more than $500 million in sports bets in a single month — nearly reaching $600 million in January — reaching the milestone even as retail sportsbooks remained closed for much of the month. But as rapid as the ascension of Illinois’s sports betting market has been, the state will need new sportsbook operators to come online to help raise the market’s ceiling, according to PlayIllinois, which offers news and analysis of the state’s gaming industry.
“No state has come close to reaching $500 million in handle in such a short time frame after launching, and to reach that mark with just five online operators and retail casinos closed for much of January is even more impressive,” said Jessica Welman, analyst for PlayIllinois.com. “Multiple factors had to come together to make that happen. The next step for the market is to get more operators online, which will help expand the pool of bettors.”
Illinois online operators attracted $581.6 million in bets in January, 98.9%, or $575.2 million, of which came online, according to official data released Wednesday. January’s handle was up 18.3% from $491.7 million in December, the fourth most among legal U.S. markets, behind only New Jersey ($958.7 million), Nevada ($646.5 million), and Pennsylvania ($615.3 million) during that month.
January’s bets pushed Illinois past $2 billion in lifetime handle, but more importantly, it generated a record $49.4 million in operator revenue, up 106.8% from $23.9 million in December. The win yielded $7.2 million in taxes for the state and another $479,052 in local taxes.
January is just the opening month in a year that could bring in more than $6 billion in wagers and $450 million in operator revenue, according to PlayIllinois projections. But that assumes continued maturity, including the addition of new operators.
To that end, Illinois will get a boost with the addition of Penn National’s Barstool-branded app, which is scheduled to launch on Friday and has made waves in Pennsylvania since launching there in September.
“Seeing an impactful operator such as Barstool launch is a reminder that Illinois still has so much more room to grow,” said Joe Boozell, analyst for PlayIllinois.com. “A few uncertainties could slow the market, including the potential return of in-person registration. But January’s results are more evidence that 2021 will almost certainly mark a sizable leap forward for the state’s sports betting market.”
January’s results were helped by football wagering, including on the Chicago Bears’ brief playoff appearance. Football brought in $158.3 million bets, or 27.2% of the state’s handle. But with the NBA enjoying its first full month in January, basketball drew in $229.7 million, 39.5% of the state’s total handle.
With the state’s ban on betting on in-state college teams, sportsbooks did miss out on the opportunity to capitalize on the college basketball success of Illinois and Loyola Chicago, both of which have been among the nation’s best teams for much of the year. But legislation is currently proposed that could remove the ban, which would allow bettors to place wagers on local teams.
“In every legal market local teams, particularly those that are playing well, are crucial in fueling bettor engagement with sportsbooks,” Welman said. “Illinois isn’t alone in barring betting on in-state college teams, but it does artificially suppress wagering.”
DraftKings/Casino Queen took in 42% of the state market share with its $244.2 million combined handle in January, which was up from $195.4 million in December. That included $243.5 million in online bets. FanDuel/Par-A-Dice Casino was No. 2 in January with $173.5 million, including $173.3 million online. Overall handle was up from $144.5 million overall. BetRivers/Rivers Casino was No. 3 with $109 million in online betting and $112.7 million overall, up from $111.2 million in December.
Many retail sportsbooks reopened on Jan. 15, when pandemic related closures were lifted. Still, sportsbooks managed to attract $6.3 million in in-person bets.
“Having retail sportsbooks reopen was an important step for the state industry, even if sportsbooks weren’t as busy as they would’ve been during an ordinary year,” Boozell said. “With the retail market back in business, and the roster of online sportsbook operators growing, the coming months should offer a more trustworthy gauge of where Illinois is as a market.”
For more information and analysis on regulated sports betting in Illinois, visit PlayIllinois.com/news.
The Unit aims to grow its presence in the Americas with move to new Manhattan location in January 2025 at Bank of Ireland’s NYC Hub
The Unit, a leader in product design and development for sports betting and iGaming, will proudly open its new office in New York City, as part of its long-term global expansion objectives, in January 2025.
The Americas division was established in 2023 with the launch of The Unit’s partnership with online operator PlayStar Casino. The New York City office, located in the heart of Manhattan, will now be the hub for The Unit’s activity in the Americas.
This new base will be located at Bank of Ireland’s NYC Hub, which was launched to help Irish business owners expand their North American operations. The offices at 2 Grand Central Tower are a great asset to Irish companies aiming to expand their operations in the United States and beyond. This is an ideal location for The Unit to grow its footprint in the region.
The project will be put into practice by The Unit’s Head of Business Development & Account Management Mark O’Hare, who has relocated to New York and will be responsible for The Unit’s commercial growth in the region.
With product and development teams in Ireland and Moldova, the addition of an American hub is further proof The Unit holds an unwavering commitment to becoming the partner of choice, on a global scale, throughout the industry.
Paddy Casey, Co-founder at The Unit, said: “These are exciting times for The Unit, and with plans in place to exponentially grow our presence in the Americas across the next few years, the start of 2025 will be the perfect time for us to move into one of the most vibrant cities in the world.
“This will be the ideal addition to our existing bases in Ireland and Moldova. The flexible workspace the hub can provide will be integral to our plans and will give us the opportunity to grow the team.
“This is an excellent opportunity for us to touch base with clients in the Americas and strategise further launches. We’re looking forward to mapping out our future in the region with our team on the ground there.
“I would like to thank Mark O’Hare for making the move to New York, and I’m sure both he and his team will have the skills and experience to execute our vision for the Americas division across the long-term.”
Tania Sheikh, Manager of NYC Hub for Bank of Ireland, said: “We are very pleased to welcome The Unit to the NYC Hub. The facilities we can provide have helped businesses scale up and connect with their partners, and we are proud to offer that opportunity to The Unit.
“We look forward to hosting The Unit and wish them well in their endeavors to grow their business here.”
The Unit has solidified its strong track record of building world-class, scalable and efficient products for the sports betting and iGaming sector in recent years.
As The Unit embarks on this exciting period of growth, the company remains committed to delivering exceptional products and services to its clients. With its experienced team, best-in-class product development capabilities, and focus on innovation, The Unit is poised to shape the future of the sports betting and iGaming industries.
Golden Matrix Group Inc., a developer and licensor of online gaming platforms, systems, and gaming content, today announced that management will participate in the 2025 ICR Conference on January 13-15, 2025 at the Grande Lakes Resort in Orlando, FL.
Zoran Milosevic, Chief Executive Officer of Meridianbet, will participate in a fireside chat with an equity research analyst on Monday, January 13, 2025, at 2:30 PM ET and will also be available for meetings during the conference.
BCLC reminds adults to gift responsibly this holiday season
With the holiday season in full swing, BCLC is reminding British Columbians to gift responsibly and scratch lottery products from their shopping lists for kids.
“Scratch & Win tickets can make great stocking stuffers for the adults in your life, but they’re not for kids,” said Ryan McCarthy, BCLC’s Director of Player Health. “The research shows that children who have early encounters with gambling are four times more likely to develop riskier gambling behaviour as they grow up. While people are out shopping for those last-minute gifts, BCLC wants adults to be aware of the potential risks associated with gifting lottery products to children and to consider safer alternatives.”
While Scratch & Win tickets are among the most common ways kids can be introduced to gambling, children are increasingly exposed to various online forms, such as gambling streams.
“With the convergence of gaming and gambling, youth are becoming more exposed to gambling content in online spaces like streaming sites, where creators are able to live-stream their own gambling, usually while playing online slots and instant games,” said Dr. Luke Clark, Director for Gambling Research at UBC. “Our research at the UBC Centre for Gambling shows that a higher frequency of watching online gambling streams is associated with a more positive attitude towards gambling and a high intention to gamble in the future.”
In B.C., it is illegal to sell lottery products to anyone under the age of 19 and BCLC encourages adults to have conversations with the kids in their lives about the risks associated with gambling.
“Open and honest conversations are crucial when it comes to navigating childhood exposure to gambling,” said McCarthy, who shared the following tips to adults:
- Monitor for gambling-related lifestyle changes. For example, developing a positive attitude towards gambling or a preoccupation with video games or streaming sites.
- Be a positive role model. Exhibit safer gambling behaviour and talk about the risks.
- Limit exposure. Monitor kids’ online activities and discourage engagement with gambling content. Explain how gambling is based on chance.
-
Gambling in the USA5 days agoIndustry veteran joins North American operator as chief interactive gaming officer to drive growth in iCasino states and efficiencies in its online sportsbook
-
Canada7 days agoJackpot Digital Receives Approval from AGCO as a Registered Gaming Supplier
-
awards7 days agoYaamava’ Resort & Casino at San Manuel Named #1 Best Overall Casino Outside of Las Vegas and #1 Best Native American Casino in 2024 Newsweek Readers’ Choice Awards
-
Latest News6 days agoSBC Summit Rio to welcome EDM legend Afrojack as INFINITY headliner, supported by Brazil’s Dubdogz
-
Latest News7 days agoSPGA Introduces Code of Conduct to Highlight Member Commitment to Compliance and Safety in Social and Promotional Gaming
-
Compliance Updates7 days agoTaDa Gaming Celebrates Further Brazilian Certification Across its Portfolio
-
Gaming2 days ago10-15% Of Gamers In Florida Show Signs Of Gaming Addiction: Here Are 10 Signs Your Kid Is Suffering From It (And How You Can Help)
-
Compliance Updates7 days agoDelasport Now GLI-Certified for Sports Betting in Brazil