Illinois sportsbooks hit $300M mark in record time

Legalized sports betting in Illinois has exploded at a record pace since its debut in July.

A total of $305.2 million was wagered in the month of September, making Illinois just the fourth state to surpass the $300 million mark in a single month and the first to reach the milestone so soon after launching, according to

"Illinois' launch in July came just as U.S. major sports returned to action, and that may have helped hypercharge the market," PlayIllinois lead analyst Dustin Gouker said. "Pent-up demand is expected to fuel a new market, but Illinois has been able to capitalize on the additional demand that has been unleashed after sports were shut down this spring. It's been a perfect storm for sportsbook operators."

Boosted by an unprecedented schedule of major U.S. sports, the September handle more than doubled the $140.1 million wagered in Illinois in August.

Illinois joined Nevada, New Jersey and Pennsylvania as the only states to reach $300 million in a month. New Jersey, by comparison, surpassed $300 million in its sixth month and Pennsylvania in its 13th month.

Other September sports-betting handles reported Tuesday by SBC Americas included Pennsylvania ($462.8 million), Colorado ($207.7M) and Indiana ($207.5).

--Field Level Media

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