The state of Illinois sets a record for sports betting. The Illinois Gaming Board reported that the state’s sports betting had traditional sports betting volume of nearly $1.08 billion in September.
As a result, this was an all-time high that also contributed to a monthly national record of over $11.5 billion.
Additionally, it was the sixth time that Illinois sports betting has reached more than $1 billion in bets in a month, all of which were placed in the last 12 months.
September’s value was about $5.7 million higher than the previous best value of $1.07 billion set in March.
In short, the accumulated turnover in the year of US$7.8 billion is 16.6% higher compared to the first three quarters of 2022.
Illinois will finish in third place
With only Kentucky yet to publish its numbers from its September release, Illinois will finish third in the ranking of US states.
Behind New York and New Jersey, in the lead for the second month in a row after being runner-up to the Empire State from February to July.
Sports betting claimed more than $86.2 million in adjusted gross revenue, with a share of just 8%.
The significant increase helped revenue rise almost 10% compared to September 2022, which remained above 9.4%.
Other numbers
The year-to-date earnings rate was almost 8.9%. This, combined with the notable increase in business volume, saw year-to-date revenue increase 34.1% year-on-year to $688.4 million.
Therefore, the state received more than $12.9 million in taxes in September. Consequently, it brought the total to almost $103.3 million for the 2023 calendar year.
Additionally, it is more than $26.2 million ahead of last year’s pace for nine months. Cook County consequently received more than $925,000 in taxes.
This value is within the US$46.3 million in revenue generated by bets placed within its borders. Including Chicago – and yet Cook County has claimed nearly $7.5 million in taxes so far this year.
