Illinois Sports Betting Surpasses $1 Billion Again in December

Quick Intro

Illinois’ sports betting scene maintained its momentum after a record-setting November by achieving a $1.3 billion handle in December, as reported by the Illinois Gaming Board. This accomplishment signifies the continuation of a remarkable trend, with both online and physical sportsbooks in Illinois surpassing the billion-dollar mark for four consecutive months.

Illinois Sports Betting Performance in 2023

In the broader picture of 2023, December’s betting handle emerged as the second-largest monthly total, slightly trailing by about $60 million from the all-time high set in November 2023. Here’s how the monthly handles compared throughout the year:

  • December: $1.3 billion
  • November: $1.4 billion
  • October: $1.1 billion
  • September: $1.08 billion
  • August: $664.3 million
  • July: $609.8 million
  • June: $665.8 million
  • May: $821.7 million
  • April: $898.6 million
  • March: $1.1 billion
  • February: $875.4 million
  • January: $1.1 billion

2023 was a landmark year for Illinois sportsbooks, breaking the $1 billion revenue mark five times and securing Illinois’ position as a leading sports betting market in the United States.

Future Prospects for Illinois Sports Betting

Looking forward, based on the trends observed in 2022 and 2023, it’s anticipated that January’s handle could hover around the $1.3 billion mark. The transition from December 2022 to January 2023 saw an increase of approximately $40 million, from $1.03 billion to $1.07 billion.

The possibility of setting a new record in January is within reach. Should the handle see an additional $70 million over December’s total, it would surpass the existing record of $1,375,374,445, hinting at the continued growth and vibrancy of Illinois’ sports betting market.

The Impact of Illinois’ Sports Betting Surge on the Industry

Illinois’ consistent performance in sports betting, especially the impressive streak of surpassing $1 billion in handle for four consecutive months, highlights the state’s burgeoning role in shaping the national sports betting landscape. This sustained growth not only underscores the robust appetite for sports betting among Illinois residents but also sets a competitive benchmark for other states. As Illinois continues to post significant numbers, it paves the way for further innovation and expansion within the sports betting industry, signaling a prosperous future.