FanDuel and most Illinois sportsbooks started 2024 the same way they ended 2023 — routing the public en route to a record revenue haul.
The Illinois Gaming Board reported a record $135.2 million in adjusted gross sports betting revenue for January on Wednesday, the second straight month operators set an all-time high for winnings. Three of the four instances Illinois sportsbooks have generated $100 million in revenue have occurred in the last four months.
The total was 5.3% higher than the $128.4 million accumulated in December despite a 2.1% dip in month-over-month traditional handle to $1.29 billion. It was the fifth consecutive month Illinois posted a $1 billion handle, the longest streak in state history. The 10.5% statewide hold was the first in double digits since sportsbooks fashioned a 10.8% win rate last May and second-highest in 45 months of wagering in state history.
FanDuel was at the center of the winnings with a state record of $59.4 million, smashing its previous standard of $51.5 million established in December, and becoming the first mobile sportsbook to surpass $1 billion in all-time revenue in Illinois. The 13.7% hold was its best in Illinois since attaining a win rate just shy of 15% in September 2022.