The summer slowdown in sports betting in Illinois arrived in June, but the state’s more leisurely reporting process means the full picture is only just coming into focus.
The Illinois Gaming Board recently reported that retail and online sportsbooks in the Land of Lincoln handled about $628.5 million in bets during June, down 17.8% from May, albeit up 32% from June of 2021. That year-over-year bump was likely helped by the end of the state's in-person registration requirement for online sportsbooks in March.
Operators, however, took a steep hit in the amount of revenue they were able to generate in June in Illinois. The IGB’s figures show approximately $40.9 million in revenue was generated statewide during the month, down from $67.5 million for May, and good for a 6.5% hold for June.
Around $6.1 million in tax from legal sports betting flowed to the state in June, as well as 446,906.32 that went to Cook County, which includes Chicago.
A slow-motion slowdown
The lion's share of wagering was done over the internet in Illinois during the month, as almost $605 million of sports betting in the state stemmed from online play, or around 96% of the handle for June.
Even though Illinois is behind most other states in reporting its summer handle figures, the trend, like that of its peers, is downwards. That is mostly due to the weaker sporting schedule in the summer, as the number of big games drops as the temperature rises.
Baseball was the most heavily wagered upon sport in Illinois in June, with $222.4 million in handle for the month. Tennis, basketball, and hockey were the next-biggest draws, registering $86.6 million, $68.6 million, and $25.3 million in wagering, respectively.
Another huge chunk of action flowed from parlays, with $140.4 million in the multiple-bet wagers made during June in Illinois.