The recent numbers indicate that a variety of these sportsbooks are doing very well financially in this state.
Such sportsbooks include BetMGM, which debuted in Illinois by posting a handle of just over 43.6 million dollars in March.
Other successful sportsbooks — there are now seven mobile ones in the state — include Caesars, which BetMGM just barely edged out.
FanDuel earned the highest handle, becoming Illinois’ first online operator to exceed $300 million.
BetRivers was the other sportsbook, besides FanDuel, to exceed enter the 100 million dollar territory in terms of March handle in Illinois.
PointsBet did not do quite as well as BetRivers, but PointsBet did do notably well for itself.
This is a growing young sportsbook whose special promos deserve a lot of credit for attracting new customers and showing them what it has to offer.
Sports Betting in Illinois
The sports betting handle for Illinois in March exceeded 971 million dollars, positioning them behind only New York, Nevada, and New Jersey in terms of being the biggest states for legal sports betting.
Illinois residents love to bet on college basketball. After all, the Illini and Loyola Chicago are two March Madness stalwarts and residents of any state love to bet on more local teams.
In addition to March Madness, NBA was important. Sportsbooks benefitted from the fact that there was no All-Star Break as there was in February.
This vacation meant a reduction of games to bet on, which generally affected different states negatively.
As for betting types, parlay wagers are noteworthy as a source of strong revenue for mobile operators.
Other sports also yielded at least a million dollars in revenue: tennis, soccer, hockey, and boxing plus MMA.
With NBA growing in excitement, the baseball season — which features two Illinois teams– getting going, and more, the sports betting landscape looks promising for a state that clearly values its sports wagering opportunities.