Illinois November Betting Handle Helps US Totals Reach $3.5b

Cvetanka Cvetanovska | Published 28 Jan 2021, 10:51 a.m.

The Illinois Gaming Board (IGB) announced the official numbers in November sports handle, capping at $450 million. These numbers contribute to the record US total numbers, noting another record of $3.5 billion. This is the second month in a row that the US sees a handle of more than $3.2 billion. So far, the insights clearly show that this market does not intend to slow down.

Remote Registration Protocols Yield Success

Illinois is the fourth state in the list that reported higher gross totals, right behind, New Jersey, Nevada, and Pennsylvania. A month ago, we reported that New Jersey broke their monthly revenue record, nearing $1 billion. On the other hand, Tennessee had a whopping debut since they officially rolled out the legal online sports betting platform. In November, the Tennessee Education Lottery announced that bettors placed $129 million in wagers. December stats have shown a spike of more than 30%, with an impressive $180.9 in wagers. For a state that has long resisted gambling and betting initiatives, this is an excellent start.

Sports betting numbers and registrations in Illinois continue to improve, as Governor JB Pritzer controls the remote registration process. The law requires in-person registration, but the Governor has issued specific orders and protocols to suspend the demand during the pandemic outbreak. The remote registration for new sports bettors was set to expire on 9th of January but is extended until 6th February.

New Hampshire strives to expand its gambling operations

The sports betting market in New Hampshire opened a year ago and already sees drastic growth. This happens just 2 years later after the U.S Supreme Court criticised some lawmakers and lobbyists for introducing the Professional and Amateur Sports Protection Act (PASPA). However, the state’s online gambling operations note strong participation and engagement, even though there were concerns about how the market might grow. The state concludes a new bill where they’d remove licence limits, allowing the market to grow with more sportsbooks and have fair market competition.

According to the New Hampshire Lottery, there were around $225 million in wagers made, and about $18 million belong to sportsbooks. Lawmakers believe that there’s a lot of space for improvement and want certain restrictions in the sports gambling act to be removed.

One of these restrictions is the type of wager placements. Currently, gambling kiosks and physical sportsbooks can’t include live in-game odds in their offers, which is a major drawback for players. Representatives say that the current situation makes no sense since the natural live betting process is stopped. You could sit in a casino and place a bet before the official start of the game, but once the game starts, you’d have to take out your mobile device and place another bet.

Currently, only ten retails sportsbooks in New Hampshire are allowed to operate. We’ve reported on the opening of the first retail sportsbook powered by DraftKings, the US daily fantasy sports provider. If the governor’s bill is approved, there would be no limitations. Neighbouring states currently don’t offer sports gambling, which is why New Hampshire has marked a high success level. While the applications for Massachusetts, Maine and Vermont are open for discussion, New Hampshire will monetise the Super Bowl and March Madness, two of the most popular sports gambling activities and events in the US.

Posted in:

Editors Choice