Illinois has now become our second-largest state by handle behind New Jersey,\u201d said Cofounder and CEO Jason Robins to analysts. \u201cIt’s also our fastest growing state. So we’re pretty excited about it. I think you’ll start to see some contribution on the revenue side in Q4. Usually the first couple months of a new state launch, we don’t see a whole lot of contribution on the revenue side.\u201d<\/p><\/blockquote>\n
DraftKings currently has a mobile sports betting presence in nine states and a retail-only presence in two others. Of its mobile states, Illinois has the largest population, just slightly more than Pennsylvania. New York, which is home to a DraftKings retail sportsbook, is significantly larger. But the retail book is in upstate New York, too far from New York City, which is why Big Apple bettors trek across to New Jersey to make their wagers.<\/p>\n
Robins noted that his company\u2019s growth in Illinois was due primarily to the fact that most users didn\u2019t have to make the trek to the DraftKings at Casino Queen East St. Louis \u2013 a nearly five-hour drive one-way from Chicago \u2013 just to sign up.<\/p>\n
\u201cThat has taken Illinois from barely a market that registers for us to our second-largest market… So I think it\u2019s a pretty big deal whether that continues to be extended for several months, and that could have a significant impact on our customer acquisition, and therefore, on our revenue for next year,\u201d<\/strong> he said.<\/p>\n","protected":false},"excerpt":{"rendered":"Illinois sports betting made its presence known in a hurry. On Friday, the state\u2019s gaming board released its wagering totals for September, and bettors there generated a handle of $305.2 million. That establishes the Land of Lincoln as the fourth- biggest sports betting state in the country, behind only New Jersey, Nevada, and Pennsylvania. The […]<\/p>\n","protected":false},"author":45,"featured_media":155299,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13592,1074],"tags":[],"acf":[],"yoast_head":"\n
Illinois Sports Betting Generates Massive $305M Handle for September<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n