Press Releases
ILLINOIS SPORTSBOOKS HIT $400 MILLION IN WAGERING IN AUGUST Sports betting volume rises in August, foreshadowing what will be a busy fall, according to PlayIllinois
Illinois sportsbooks began to emerge from a summer slowdown in August with an 8.5% gain in betting volume from July, the first month-over-month gain in wagering since March. The boost to more than $400 million in wagering was welcome ahead of a critical time of year for the industry, according to PlayIllinois, which tracks the state’s regulated online gaming and sports betting market.
“Interest in baseball, particularly the White Sox, coupled with the return of football in August, set the stage for what will certainly be the busiest four-month stretch ever for Illinois’ legal sports betting industry,” said Eric Ramsey, an analyst for the PlayUSA.com Network, which includes PlayIllinois.com. “After summer, any gain is welcome. But the gains in August should pale in comparison to what we see with a full football schedule.”
Illinois’ retail and online sportsbooks accepted $400.4 million in bets in August, up 185.8% from $140.1 million in August 2020 and up 8.5% from $369.1 million in July, according to official data released Tuesday. The per-day betting volume grew to $12.9 million over the 31 days of August, up from $4.5 million per day in August 2020 and $11.9 million per day in July.
Gross gaming revenue fell 12.3% to $32.7 million in August from $37.3 million in July, which produced $26.8 million in adjusted gross revenue. August’s profit yielded $4.3 million in state and local taxes.
Baseball garnered the most interest in August, drawing $139.6 million in wagers, up from $124.0 million of action in July. Tennis ($43.4 million) and soccer ($30.8 million) drew significant interest, too. With just a handful of college and NFL preseason games, in addition to futures betting, football attracted $17.2 million in wagering.
August’s volume helped push the industry to $4.0 million in wagers and $326.3 million in gross gaming revenue for the year. And with football projected to draw more than $20 billion in wagering across the country, the state could reach $6 billion in wagering and $500 million in gross revenue by year’s end.
“There is little question that the final four months of the year will bring an onslaught of fresh records,” said Joe Boozell, lead analyst for PlayIllinois.com. “The biggest unknown is how much will in-person registration and the ban on wagering on in-state college teams drag on betting volume. We know it will be a strong finish to the year for sportsbooks, but it won’t be as good for the industry as it could have been.”
August’s wagering included $380.2 million in online bets, accounting for 95.0% of the state’s handle. DraftKings/Casino Queen topped Illinois again with $149.2 million in combined online and retail handle, up from $122.7 million in July. The operator took in a market-best $146.6 million in online wagers, too. In all, DraftKings generated a market-leading $11.3 million in gross gaming revenue, a notable gain from $9.5 million in July after the operator began offering profitable same-game parlays.
FanDuel was second with $111.5 million in online and retail wagers, down from $118.5 million in bets in July. $110.9 million of August’s wagering came online. The result was $10.5 million in gross gaming revenue.
The leaders were followed by:
- BetRivers/Rivers Casino ($73.5 million in wagers, including $64.8 million online; $6.1 million in revenue)
- PointsBet/Hawthorne Race Course ($28.9 million in wagers, including $27.3 million online; $2.5 million in revenue)
- Barstool/Hollywood Aurora ($26.4 million in wagers, including $25.5 million online; $2.1 million in revenue)
- Caesars by William Hill/Grand Victoria ($6.5 million in wagers, including $5.2 million online; -$157,256 in revenue)
- Argosy ($3.3 million in retail wagers; $242,700 in revenue)
- Hollywood Joliet ($771,613 in retail wagers; $74,856 in revenue)
- Par-A-Dice ($266,658 in wagers; $5,043 in revenue)
“The return of football brings in high betting volume, which is a motivator for every operator,” Boozell said. “But the value of football season for sportsbooks isn’t just in short-term profitability. Strong engagement offers sportsbooks an opportunity to grow their customer base by using aggressive promotions and other marketing strategies. And that can pay off even after the football season ends.”
For more revenue information, visit PlayIllinois.com/revenue.
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.”
Popular iGaming content provider BGaming has solidified its market position in Brazil by securing an aggregation deal with Cometa Gaming.
Cometa Gaming is an online casino and sportsbook aggregator with several brands in Brazilian market, all in the regulatory process. The group handpicks the best slot studios in the industry to meet the high standards of its passionate players.
BGaming has initially launched its entire portfolio with Cometa Gaming’s iGaming and sports betting brand Br4bet, including popular titles such as Fruit Million, Burning Chilli X and Space XY. The provider will continue to roll out its games across several of the platform’s other brands over the coming months.
This latest partnership demonstrates BGaming’s growing demand in LatAm ahead of the Brazil’s regulated market launching in January, where it remains committed to delivering a safe, fair and entertaining experience for players.
Gian Carlo Ferrini, Sales Manager at BGaming, said: “Partnering with Cometa Gaming is a major move for BGaming, enabling us to broaden the reach of our award-winning content to LatAm players across its multiple brands. So far, we have enjoyed early success with Br4bet and look forward to launching with Cometa Gaming’s other casino sites in the future.”
Thomaz Campos, COO at Cometa Gaming, said: “BGaming continues to break new ground in Brazil and we are delighted to have them live on Br4bet. Their games will help us achieve our goal of delivering the most appealing and forward-thinking content to players, as we both work towards a shared commitment to excellence.”
BGaming is a fast-growing iGaming content provider converting gambling into gaming. Thanks to an expert team and a player-driven approach, the studio creates innovative and engaging products featured on reputable platforms and 1,600+ online casinos worldwide. BGaming is the world’s first to support cryptocurrencies and offer Provably Fair games. Today the brand’s portfolio includes 150+ products with HD graphics and a clear user interface for every device. The studio is also known for its brand exclusives created in partnerships with leading operators in the industry.
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