Has Pritzker just finished the Illinois Sports Betting Market’s rise to the top?
Governor JB Pritzker’s pandemic suspension of personal registration for sports betting in Illinois has fueled massive growth in recent months.
But just as quickly as the market grew, it could stall after its confusing decision today.
It appears that Pritzker has not renewed its suspension of personal registration for IL sports betting accounts. The governor’s monthly executive orders do not include sports betting, which seems to restore the requirement to travel to a casino to sign up for online sports betting in Illinois.
For the past week, Illinois recorded its 7-day average of novelties COVID-19 Cases drop out 1.964 to 2.630.
Pritzker starts, stops, starts, stops
The governor’s waffling on remote login started last summer.
One of the legislators in Illinois was one 18 months personal registration deadline for online sports betting accounts in their 2019 Law. The determination aimed tacitly DraftKings and FanDuel politically connected in the preference Rivers, with roots that go back to the daily fantasy sports battles of years ago.
At the time, neither DraftKings nor FanDuel had any retail presence in Illinois, although both acquired one in 2020.
Pritzker closed state casinos during the first pandemic last summer, making it impossible to log in. On 8th JuneHe suspended remote coverage, but suddenly reversed course July 26th.
After an outcry from bettors from Illinois, Pritzker suspended the request again August 21. Since that date, he has renewed the order every month until today.
Illinois sports betting rise in the distance
If the order is not restored, Illinois Sports Betting will have to wait until January 2022 to perform remote logins again. The Illinois sports betting market undoubtedly grew tens of thousands of accounts during the suspension, adding a sizable customer base to the books in another personal period.
Sports betting in the Land of Lincoln took more than $ 581 million This was another monthly sports betting record in Illinois, placing the state in the top 3 in the nation.
Operator produces $ 49.4 million in sales roughly one 8.5% stop. The created state $ 7.2 million in taxes.
This is quite cheap compared to the first full month of mobile IL sports betting with a book and personal registration. in the July 2020, IL sports betting taken $ 52.5 million in total grip – $ 48.5 million of which came from rivers.