According to the Illinois Gaming Board, the Land of Lincoln saw adjusted gross revenue fall 23.2% from July to $46.9 million in August, as online betting sites and retail locations combined to produce a 6.9% hold.
legal sports bettingThe Land of Lincoln’s handle, however, rose 10.5% to $676.1 million. That wasn’t enough to match the pace set by New Jersey, which for the first time in six months reclaimed the No. 2 spot behind New York for most wagers by a state nationally for the month.
Illinois operators paid out $7.04 million in taxes in August, down from $2 million in July, with Cook County claiming 508,993 from sports betting in the Chicago area. A month after surpassing $2 billion in revenue in July, Illinois became the fourth state to reach $25 billion in handle, trailing only
The Land of Lincoln also reached $300 million in tax payouts all time and $600 million in revenue since 2023 began. It helped that Illinois saw residents wager 19.7% more money in August 2023 than in the same month last year. Adjusted gross revenue was also up slightly at 1.8% year-over-year. led mobile operators with a handle of $241.3 million, but a hold of 6.7% led to $15.8 million of revenue in August. That was second behindCopyright © 1995 - 2023 CS Media Limited All Rights Reserved.
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