Illinois sportsbooks report $1.15 billion in February wagers

Sports Betting

Illinois sportsbooks started 2025 the same way they ended 2024 — routing the public en route to a record revenue haul, sportsbook revenue was up by 7% year-on-year to $1.15 billion in February.

The Illinois Gaming Board reported a record $135.2 million in adjusted gross sports betting revenue for January on Wednesday, the second straight month operators set an all-time high for winnings. Three of the four instances Illinois sportsbooks have generated $100 million in revenue have occurred in the last four months.

The total was 5.3% higher than the $128.4 million accumulated in December despite a 2.1% dip in month-over-month traditional handle to $1.29 billion. It was the fifth consecutive month Illinois posted a $1 billion handle, the longest streak in state history. The 10.5% statewide hold was the first in double digits since sportsbooks fashioned a 10.8% win rate last May and second-highest in 45 months of wagering in state history.

FanDuel was at the center of the winnings with a state record of $59.4 million, smashing its previous standard of $51.5 million established in December, and becoming the first mobile sportsbook to surpass $1 billion in all-time revenue in Illinois. The 13.7% hold was its best in Illinois since attaining a win rate just shy of 15% in September 2022.

Revenue from Illinois’ eight sports betting apps totaled $131.6 million, while retail books added another $3.6 million. That adjusted revenue does not count the $351,600 loss absorbed by the brick-and-mortar Argosy Casino sportsbook in Alton.

The state saw a $20 million monthly inflow of tax revenue into coffers for the first time, with January’s $20.3 million over $1 million more than December. Had the 35% rate Illinois Gov. JB Pritzker proposed in his state budget last month been in place, tax revenue would have totaled $47.3 million.

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