Illinois Tops Previous Month’s Record Revenue with Another All-Timer in January

The Land of Lincoln generated $1.3 billion wagered, the third-highest of all-time and the fifth consecutive billion-dollar handle by the state. 

Apr 1, 2024 • 18:18 ET • 4 min read
Illinois Fighting Illini NCAAB
Photo By - USA TODAY Sports

The Land of Lincoln kicked off the New Year by breaking the revenue record set during the previous month. 

The Illinois Gaming Board recently reported January figures with revenue of $134.9 million, the highest profits in the state’s 45-month sports betting history. Illinois sportsbook operators saw a 5% rise in revenue to surpass the previous mark of $128.4 million set in December 2023. 

The Land of Lincoln generated $1.3 billion wagered, the third-highest of all-time and the fifth consecutive billion-dollar handle by the state. 

The hold of 10.4% rose slightly from the 9.7% in December and represents the state’s second-best-ever win rate.

January’s handle was up 20.2% from the same month in 2024 while revenue jumped 40.8%.  

Illinois filled its coffers with nearly $20.3 million in tax revenue while Chicago’s Cook County received $1.36 million. 

Powerful pigskin

Football was very good to Illinois sportsbook operators in January. The sport produced revenue of $22.2 million on a $249.3 million handle, which was down 22.6% month-over-month but good enough for an impressive 9.1% hold.  

Basketball saw more than double the handle with $449.9 million but only brought in $14.7 million of revenue.  

FanDuel  

Table on the top 4 online operators in the state, listed in order of most handle:

Operator Revenue Handle
FanDuel $436.1 million $59.4 million
DraftKings $446.1 million $44.2 million
ESPN Bet $93.3 million $3.6 million
BetRivers $85 million $8.4 million

When a U.S. state sets new revenue records, one of the top two online sportsbook operators generally follows the theme. That was FanDuel in January, which set an all-time high revenue of $59.4 million and enjoyed a 13.4% hold for the month.

DraftKings generated the Land of Lincoln’s highest handle with $446.1 million and benefited from a hold of just under 10%. 

ESPN BET and BetRivers were the next closet operators to $100 million handles while Casars and BetMGM weren’t far behind with wagers of over $60 million each.  

Rivers dominates retail

Retail sportsbooks accounted for $37.4 million of the total handle with revenue of $3.2 million for brick-and-mortar shops on a hold of 8%.

Rivers Casino recorded a retail-high handle of $13.7 million in January while DraftKings at Casino Queen produced $6.2 million in wagers.  

Pages related to this topic

Popular Content

Covers 25 Years Logo Established in 1995,
Covers is the world
leader in sports
betting information.
Covers is verified safe by: Evalon Logo GPWA Logo GDPR Logo GeoTrust Logo Evalon Logo