The Illinois Gaming board reported that sportsbooks had a hold above 10.8% for May, an all-time high for the state that was in line with a monthly rout of the sports wagering public across the nation.
It was only the third time in 37 months of wagering in the Land of Lincoln that the win rate reached double figures, with the previous high being 10.2% in July 2021. Illinois fell in line with practically all of the states that offer commercial sports wagering in May, with its 10.84% hold on $821.7 million in traditional handle ranking 22nd out of 27 states. That actually dropped the overall hold on gross revenue to 11.4%, with only Colorado and Arizona yet to report.
The all-time, post-PASPA record monthly hold of 11.7% set in September 2018 appears safe, given that Colorado has posted a 10% or higher hold just twice in state history, with one of the two being a 10.01% win rate on $25.6 million handle during its May 2020 launch. Arizona has recorded five double-digit holds in 20 months of wagering, the most recent one coming last September at 10.3%.
It was only the third time in 37 months of wagering in the Land of Lincoln that the win rate reached double figures, with the previous high being 10.2% in July 2021. Illinois fell in line with practically all of the states that offer commercial sports wagering in May, with its 10.84% hold on $821.7 million in traditional handle ranking 22nd out of 27 states. That actually dropped the overall hold on gross revenue to 11.4%, with only Colorado and Arizona yet to report.
The all-time, post-PASPA record monthly hold of 11.7% set in September 2018 appears safe, given that Colorado has posted a 10% or higher hold just twice in state history, with one of the two being a 10.01% win rate on $25.6 million handle during its May 2020 launch. Arizona has recorded five double-digit holds in 20 months of wagering, the most recent one coming last September at 10.3%.