Illinois sports betting falls 15% in April

Sports betting revenue in Illinois decreased in April.
Sports betting revenue in Illinois decreased in April.

After record revenue in March, April saw a decrease of 15.5 per cent, according to official figures revealed by the regulator.

US.- Sports betting in Illinois saw a decrease in revenues in April, falling a 15.2 per cent from the record revenue registered in March to $43.6m.

The fall can be explained due to the lack of sports events compared to March, when the college basketball season took place as well as the football season. As such, a drop was expected in April. The handle fell 15.2 per cent month-on-month to around $537m.

Tax revenue stood at $7.1m, $6.5m from the 15 per cent tax on sports wagers and $527,100 from the 2 per cent tax on bets in Cook County, covering Chicago. 

Revenue was driven by the online market, which accounted for $40.9m of the total, down from March by 2.2 per cent. 

Retail revenue seemed to pick up during the month, with in-person bets increasing by 6.8 per cent to $2.7m.

The best-performing companies were, as expected, FanDuel Sportsbook, which posted $15.8m in revenue and DraftKings at Casino Queen adding in another $12.2m.

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