Last updated on June 12th, 2021 at 12:43 pm
Illinois sports betting dropped in numbers in April compared to the previous month. Despite that, the state became the second US market. It joined New Jersey as the states with more than $500 million handle in the month.
Play Illinois said that the drop in betting was the result of a seasonal slowdown in sports wagering. Also, it affected almost all markets in the US. The good news is that the reoccurrence of in-person registration last April 4 didn’t significantly affect the state’s handle.
The decline in April’s handle resulted from not having any major sports events such as March Madness and the NFL. In addition, according to sports betting software reports, the reoccurrence of in-person registration had an impact on the handle. Thus, there’s no easy solution to the state’s problems without a legislative solution.
Illinois Sports Betting Dropped
Wagering at Illinois’ online and retail sports betting platforms dropped 15.2 percent to $537 million in April from the record high of $633 million the previous month, as indicated by pay per head bookie reports.
April’s handle resulted in $43 million in changed gross income, down from $44 million in March. Also, it yielded $6.5 million in state charges and $527,100 in other expenses.
Everything except one US market detailed a month-over-month decrease in April betting. Of the ten biggest, Illinois’ drop was shallower by rate than everything except New Jersey at 13 percent, Tennessee at 13.6 percent, and Pennsylvania at 14.4 percent.
Practically those decays can be clarified by the occasional drop in sports wagering, which regularly starts in April and proceeds until the football season.
According to pay per head bookie reviews, internet betting represented 95.5 percent or $513 million of all wagers in April.
With the incomplete evacuation of the restriction on betting in-state school groups, the state governing body gave retail books something to anticipate when NCAA football returns. But, be that as it may, the boycott will stay for online sportsbooks, which will quiet the significance of the change.
