The March report reveals the folly of ending Illinois’ remote registration for sports betting

Sports betting in Illinois finally that broke $ 600 million Handle mark. However, it may take a while for this to happen again.

Total grip hit $ 633.6 million in the Marchwhich was a perfect storm for IL sports betting. Naturally, March madness gave the basketball-mad state a big boost, even with a betting ban on state colleges.

March was also the last full month of remote registration in Illinois. Governor JB Pritzker did not renew its executive order from last summer, which suspended personal registration in early April, stating that it was no longer required.

This means that every new sports betting account has to be created in a casino. If no action is taken, it will January 2022 before further online registration is permitted.

Sports betting revenue hit $ 44.3 million, or a 7.0% stop. That translates to $ 6.6 million in taxes to the state, according to the Illinois Gaming Board report.

College basketball powers Illinois sports betting

Basketball grip hit $ 365.7 million in March and was the only sport with more than $ 100 million Bet on it for the month.

Almost half of that basketball hold was wagered on March Madness alone, according to ITUC officials. At least $ 176.8 million was bet on the tournament $ 14.6 million in sales, Administrator Marcus Fruchter said at a meeting last month.

These preliminary numbers left out an unidentified operator so the final tournament totals are unknown. ITUC officials did not offer the updated amount when it was reached on Monday.

DraftKings Sportsbook is seeing a drop in online lead

There was no mobile betting $ 609 million under control or 96.1% of the overall market in March. But a new addition and profits from three other operators reduce DraftKings Sports Betting Handle portion clearly.

  • DraftKings were dropped 42.3% all online deal in February with $ 243.5 million. That went to $ 203.9 million in March for online handle portion of 33.5%.
  • BetRivers also lost his footing in the state. It is $ 109 million accounted for 19.0% of online handle in February, but that proportion fell on 15.7% With $ 95.7 million Bet in March.
  • FanDuel Sports Betting The online handle share has been improved 32.0% of 30.1% in February with $ 194.9 million Bet in March.
  • The other two incumbents, PointsBet and William Hillwho had online handle shares of 8.8% and 2.2%, respectively.

Bar stool sports betting cuts in proportion

The biggest impact on DraftKings’ share, however, was likely Penn National Start Bar stool sports betting on March 11.

Even though Barstool ranked fifth among the six online sportsbooks, it still lasted $ 47.8 million in bets for a 7.8% Market share.

Bar stools should have been an even stronger competitor April. Once the brand knew the remote registration was running out, it launched a last chance marketing push for online registrations 36 hours Left.

This advance resulted in more than 20,000 Registrations and 13,000 First depositors in that 36-hour period, according to Penn’s latest earnings presentation. More than 10,000 Users have opted for a free promotion for four people $ 100 Bets.

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