The Illinois Gaming Board reported $94.6 million in adjusted gross sports betting revenue for June on Friday, a figure boosted by an adjustment of more than $9.1 million to DraftKings‘ online winnings.
That contributed to a 73% rise in year-over-year AGR and created a hold of 11.2%, an all-time high in 50 months of wagering in Illinois when including the adjusted figure. Handle was just shy of $848 million, a 27.4% increase from June 2023, and year-to-date wagering surpassed $6.5 billion. Illinois will likely finish second nationally to New York for June handle, as only Arizona has yet to report figures for the month.
Revenue was down 6.2% compared to May, while handle declined 16.6% as Illinois’ streak of $1 billion handle ended at nine months. The Land of Lincoln also became the third state to reach $3 billion in sports betting revenue in the post-PASPA era, joining New York and New Jersey.
The state collected $14.2 million in taxes in June and finished Fiscal Year 2024 with $167 million worth of receipts, an increase of $24.7 million versus Fiscal Year 2023. June was the last month the Illinois sports betting tax rate was a flat 15%. The new fiscal year, which began July 1, introduced progressive rates that start at 20% and can reach as high as 40% based on revenue thresholds for each licensee.