HomeIllinois Sports Betting NewsIllinois January 2023 Betting Handle Sets New Monthly State Record

Illinois January 2023 Betting Handle Sets New Monthly State Record

The January handle leaves the Prairie State shy of $20 billion in wagers since Illinois became legalized on June 18, 2020.

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Illinois sports bettors wagered a record $1.07 billion at the seven legal Prairie State sportsbooks, according to an Illinois Gaming Board report published Tuesday. The January totals are the 4th consecutive month Illinois sportsbook operators handled at least $1 billion in bets.

FanDuel Tops the Mobile Betting Markets

The NYC-based sportsbook operator was the top choice for Prairie State mobile sports bettors looking for online betting action. Fanduel Illinois took in $371.6 million in wagers and pocketed $46.4 million in revenue from Illinois gamblers.

Operator

Handle

Revenue

FanDuel

$371.6 million

$46.4 million

DraftKings

$339.4 million

$24.9 million

BetRivers

$96.6 million

$24.5 million

PointsBet

$72.7 million

$4.6 million

Caesars

$57.6 million

$2.3 million

Parlays Are King

Parlays are the king of sports betting wagers in Illinois as Prairie State bettors staked $20,158,365.00 worth of parlays, round-robins, SGP, teasers, and other promotional gimmicks like premade parlays.

FanDuel topped Prairie State bookmakers with a whopping 21.4% hold and nearly $29 million from the “dollar and a dream” rainbow chasers.

Operator

Handle

Revenue

Hold Rate

FanDuel

$134.58 million

$28.91 million

21.48%

DraftKings

$88.77 million

$13.26 million

14.94%

BetRivers

$24.46 million

$3.54 million

14.47%

PointsBet

$16.9 million

$3.28 million

19.4%

BetMGM

$10.92 million

$1.09 million

10.00%

Top Five Sports Wagered in Illinois

Illinois sports bettors staked $4.5 million on NBA and College basketball games during January. Football took in $4.4 million on a limited schedule due to the playoffs, and the Australian Open was the likely reason for the nearly $1 million wagered on an international sport.

Sport

Handle

Basketball

$4,565,051.00

Football

$4,482,799.00

Tennis

$765,417.00

Soccer

$623,578.00

Hockey

$588,589.00

Illinois Fourth All-Time in Post-PASPA Handle

Illinois sportsbook companies are closing in on New York, and the record January handle placed Illinois 4th since sports betting was legalized in Illinois June 18, 2020.

State

Handle

New Jersey

$34.8 billion

Nevada

$30.4 billion

New York

$19.9 billion

Illinois

$19.7 billion

Pennsylvania

$19.6 billion

Reasons for Optimism

The Illinois betting numbers are staggering. Still, thanks to these events, they could pale compared to what the sportsbooks could rake in over the coming months.

  • Super Bowl LVII (February 9)
  • NCAA March Madness (February 28-April 3)
  • Indian Wells and Miami Open Tennis (March 8-April 2)
  • MLB Spring Training Grapefruit and Cactus League (February 25-March 29)
  • Masters Golf (April 6-9)
  • NBA Playoffs (April 11-June 18)
  • NHL Playoffs (April 15-June 14)