Illinois could be the next state to hit the billion dollar sports betting mark sometime in 2022. The total value of the state was $ 779.85 million, the Illinois Gaming Board announced. That was good for third in the industry, just behind New Jersey’s $ 1.258 billion and Nevada’s $ 1.086 billion.
Illinois continues its strong trend in sports betting
The states that followed Illinois’s sports betting were Pennsylvania and Michigan. Despite the strong numbers, November’s overall grip showed a 7.2 percent decrease from the October grip. It is important to note that the October calendar allows for five weekends instead of the traditional four.
Most of the World Series was also played in October. That was just one aspect of a busy month October brought to the industry. Illinois’ strong brand is on the verge of growing the national brand to over $ 7 billion for the second straight month.
Sports betting in Illinois may have been lower for the month, but the schedule favored the house that month. Sports betting companies operating in the state achieved record sales of $ 79.3 million. The record revenue was due to bettors missing out on an abundance of games as operators raised $ 44 million.
The sales figures were the sixth highest total in the post-PASPA era. Illinois was also the fourth state to break the $ 70 million revenue mark in the month after Nevada set the bar at nearly $ 72 million. Illinois is on the verge of becoming the third state to release $ 6 billion state handling in 2021.
Sports betting had a strong price in November at 10.16 percent. The all-time state rolled back in July, hitting 10.19 percent.
Mobile sports betting also fell 7.2 percent for the state, as bettors bet $ 745.96 million on online platforms, compared to $ 803.44 million in October. Mobile sports betting accounted for 95.6 percent of the bets placed in the month.
As expected, soccer was once again the top-most betting sport with a total of $ 256.4 million in bets accepted. The following sports were basketball ($ 225.8 million), tennis ($ 39.7 million), soccer ($ 27.6 million), and NHL ($ 23.4 million). November football trade may have spiked due to the Thanksgiving Day games, which included the Chicago Bears 16-14 victory over the Detroit Lions.
Which sports bets have the largest market share?
The parlay grip accounted for $ 166.4 million, or 21.3 percent of total trade for the month. DraftKings Sportsbook ranked first in Illinois for the seventh straight month, with $ 283.8 million accounting for 38 percent of mobile sports betting.
FanDuel Sportsbook was next with $ 214.4 million in bets accepted, which made up 28.7 percent. Both online operators set monthly sales records, with FanDuel showing an impressive difference in sales of more than $ 9 million. The two sports bets achieved a combined turnover of 30.1 million.