(The Center Square) – Illinois sports betting experienced its worst month in nearly a year in July.
The state’s total amount of $ 369 million was down more than 22.5% from June’s $ 476.5 million. This is the fourth consecutive month that sports grips have declined, in line with the rest of the country. The U.S. sports total for July was down 23.9% from June.
Ron Fritz, analyst for the Gambling.com Group Network, which includes IllinoisBet.com, said that with the Chicago White Sox heading to the playoffs and the NFL starting, the numbers would rebound in the coming months.
“It will be interesting to see the numbers in baseball combined with the NFL,” said Fritz. “That’s why I think August and September could threaten March’s record $ 632 million.”
In June, despite a decline in sports betting, the state saw its revenues and taxes increase. It was a different story for July. Sports betting revenue was $ 37.6 million, down almost 21% from June.
Taxes collected by the state were also falling. July sports betting taxes were $ 6.1 million, down 20.9% from June’s $ 7.7 million, making it a risky proposition to build on on stable tax revenues.
When it comes to betting sites, FanDuel was the first winner of the month, with just over $ 15.5 million in revenue. DraftKings finished second with just over $ 9.5 million.
Despite the recent downward trend in sports betting in Illinois, Fritz is not surprised that the state is one of the country’s leaders in the industry.
“I’m not at all surprised,” Fritz said. “Even with an in-person registration that Gov. [J.B.] Pritzker was reinstated after COVID, cell phone numbers were not greatly affected by this. “