Illinois Sportsbooks Persevere in August, But Regulatory Changes Will Happen

Illinois Sportsbooks Persevere in August, But Regulatory Changes Will Happen

Illinois sportsbooks have experienced growth in August 2024, despite operators facing revenue challenges. According to the Illinois Gaming Board (IGB), the state recorded a monthly betting handle of $878 million, marking a significant 30% increase compared to August 2023. Adjusted revenue reached $59.2 million, representing a 26% year-over-year growth. These numbers are great, especially considering that August is typically a slower month in the sports betting calendar in the US. You might see a similar trend in your sportsbook- check your pay per head software to generate a report to…

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New Jersey Gambling Industry Seen Surge from Casino Gambling and iGaming

New Jersey Gambling Industry Seen Surge from Casino Gambling and iGaming

September saw a strong performance from the New Jersey gambling industry. The Division of Gaming Enforcement released its latest financial report, which showed revenue of $558 million in September. Also, it was a 7.1 percent increase year-over-year compared to $521 million in September 2023. Revenue also grew year-to-date, reaching $4.72 billion, a rise of 10.1% from the $4.29 billion result in the same time last year to the result in 2024. Notably, September’s overall income gain is a consequence of strong contributions from sports betting, casinos, and internet gambling, among…

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