Illinois Sportsbook Deal with Down 22 Month-On-Month For February

Illinois sportsbooks skilled a slowdown in February, with wagering slipping to lower than $700m for the primary time since September.

The Prairie State has sailed proper into the post-Tremendous Bowl doldrums as sports activities betting exercise slumped to a six-month low.

For February, Illinois’ retail and on-line sportsbooks accepted $679.4m in bets, regardless of a much-needed $60.5m enhance from this yr’s Huge Recreation.

Whereas deal with was up 33% year-on-year, it was down by practically 22% from January’s record-setting $867.5m sum.

Likewise, betting quantity reached $23.4m per day, helped by February’s comparatively brief, 28-day length. However even this was significantly decrease than January’s $28m-per-day determine.

Finally, if Illinois can take any comfort, it’s that almost all different states expertise an identical hunch in February. Sandwiched between the NFL playoffs in January and March Insanity, the second month of the yr is usually a low interval for sports activities betting.

“The Tremendous Bowl can’t utterly change the amount of wagers from a full month of NFL soccer,” mentioned Joe Boozell, Lead Analyst for PlayIllinois.com.

“Importantly, although, sportsbooks continued to point out robust year-over-year development, and that momentum virtually actually accelerated in March, which introduced lighter registration necessities and the NCAA Match.”

Sportsbooks received $35.6m from February’s betting motion, up practically 15% from February 2021, although once more, down from January’s $59.3m by 40%. On-line betting accounted for $652.3m of February’s whole wagering exercise.

FanDuel and DraftKings as soon as once more got here out on high, with the previous accepting $212.5m in each retail and on-line bets, whereas the latter accepted $212.2m.

Boozell added: “February was the tip of the sports activities betting market’s first chapter.

“The most important query forward is whether or not Illinois can catch New Jersey and Nevada and set up itself because the clear second-largest sports activities betting market within the US.”