Illinois sports bettors increase monthly numbers with surge expected this fall

(The Center Square) – In what is typically a slow month in the industry, Illinois sports bettors bucked the trend.

According to PlayIllinois.com, Illinois gamblers placed over $676 million worth of sports bets in August, beating August of 2022 by a wide margin.

“One-hundred million dollars more, which is almost 20%,” said PlayIllinois managing editor Jason Jarrett. “When we look at the numbers, this is going to be a trend that probably grows even more in the last four months of the year.”

Baseball was the number one sports bet on in August, with nearly $200 million wagered. With the NFL and college football getting underway in September, the betting numbers are expected to jump significantly.

As usual, the largest majority of Illinois bets in August were made online, with in-person bets accounting for only about $19 million of the monthly total.

- Advertisement -

Jarrett said the betting apps DraftKings and FanDuel continue to be neck and neck when it comes to market share in Illinois.

“Those two together own about 74% of the market share in Illinois,” Jarrett said.

According to a recent report from the Commission on Government Forecasting and Accountability, in the fiscal year that ended in June, revenue from sports betting jumped 55% from $610 million to $949 million, bringing in $142 million in tax revenue.

Much of the revenue from sports gambling goes towards funding Illinois’ capitol construction program.

The Illinois Department of Human Services, Division of Substance Use Prevention and Recovery has developed a website for help, support and advice about problem gambling.

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Education reformers push Wisconsin lawmakers to raise the bar for reading, math

(The Center Square) – Calls continue at the Wisconsin...

WA lawmaker offers bill to protect inmates from transgender assault

(The Center Square) - A Washington lawmaker has introduced...

Legislation aiming to expand affordable housing in Virginia progresses

(The Center Square) — The General Assembly is pushing...

Bill would give lawmakers power to challenge local ordinances

(The Center Square) – Republican House Speaker Cameron Sexton...

Pennsylvania adding to its portfolio of tourism sites

(The Center Square) - The Department of Conservancy and...

Ohio lawmakers want oversight of rulemaking

(The Center Square) – Two Ohio lawmakers are using...

Tax deduction for gambling losses proposed in North Carolina

(The Center Square) – Legal betting nationwide for Sunday’s...

Washington AG files lawsuit against Trump’s EO on youth gender reassignment procedures

(The Center Square) - Washington Attorney General Nick Brown...

More like this
Related

Education reformers push Wisconsin lawmakers to raise the bar for reading, math

(The Center Square) – Calls continue at the Wisconsin...

WA lawmaker offers bill to protect inmates from transgender assault

(The Center Square) - A Washington lawmaker has introduced...

Legislation aiming to expand affordable housing in Virginia progresses

(The Center Square) — The General Assembly is pushing...

Bill would give lawmakers power to challenge local ordinances

(The Center Square) – Republican House Speaker Cameron Sexton...