Illinois Betting Revenue Climbs Despite Fourth Straight Handle Decline

Ian Valentino
Published: Thu Jun 18 2026
Reviewed By Paul Skidmore
Chicago, IIllinois
Key Points
  • Revenue rose despite lower wagering volume
  • Sportsbooks generated $129 million in revenue
  • State tax collections surged year over year

Illinois sportsbooks reported another year-over-year decrease in betting handle during April, continuing a trend that has persisted throughout much of 2026. According to data released by the Illinois Gaming Board, bettors wagered $1.21 billion during the month, marking the seventh consecutive month the state surpassed the $1 billion handle threshold. Despite that milestone, handle declined 5.5% compared to April 2025 and fell nearly 13% from March. 

Betting activity was also lower from an engagement perspective. More than 24.9 million online wagers were placed during April, a drop of roughly 25% from the same period last year. The decline came despite a sports calendar that included the Final Four, the start of the NBA and NHL playoffs, Major League Baseball, and the Masters Tournament.

The latest results represent the fourth year-over-year handle decline recorded by Illinois sportsbooks in 2026. Industry observers have noted that wagering volume has trended lower since mobile operators began passing along the state’s per-wager tax costs to customers late last year.

Revenue growth driven by stronger hold

Although fewer dollars were wagered, operator revenue moved in the opposite direction. Illinois sportsbooks generated $129 million in adjusted gross revenue during April, an increase of 18.8% compared to the same month last year. It also marked the sixth consecutive month in which operators produced at least $100 million in revenue.

A key factor behind the increase was a higher hold percentage. Sportsbooks retained 10.7% of wagers during April, the strongest win rate recorded so far in 2026. By comparison, operators posted an 8.5% hold during April 2025. A higher hold allows sportsbooks to generate more revenue from a smaller betting handle, helping offset the decline in wagering activity.

The combination of stronger operator performance and Illinois’ tax structure also produced a significant increase in state tax collections. Illinois collected $57.9 million during April, a year-over-year jump of nearly 50%.

FanDuel and DraftKings remain market leaders

DraftKings led the Illinois market in handle, accepting $418.5 million in wagers and producing $44.4 million in adjusted revenue during April. FanDuel followed with $333.6 million in handle and $43.3 million in revenue

While DraftKings generated more betting volume, FanDuel posted a higher hold rate of 13%, compared with DraftKings’ 10.6%. That higher win rate allowed FanDuel to produce nearly the same revenue despite handling around 20% less wagering volume.

Together, the two operators accounted for nearly 69% of all online sportsbook revenue in Illinois during the month. Fanatics Sportsbook, BetMGM, BetRivers, and bet365 also reported positive results, each generating between $6 million and $9.7 million in adjusted revenue. 

Tax structure continues to impact operators

Illinois’ progressive tax model remains one of the more notable factors influencing sportsbook economics in the state. Operators are subject to revenue-based tax rates ranging from 20% to 40%, along with a per-wager fee that charges online sportsbooks 25 cents per bet on the first 20 million wagers and 50 cents for wagers beyond that threshold.

During April alone, operators paid $10.9 million through the per-wager tax program, matching the previous month’s figure. Year-to-date collections from that specific tax reached $43.1 million.

The April results highlight a widening gap between wagering activity and operator profitability in Illinois. While bettors placed fewer wagers and overall handle declined again, a stronger hold percentage and the state’s tax framework helped drive higher revenue for sportsbooks and increased tax receipts for Illinois.

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