Illinois gamblers wager $286 million on NCAA basketball event

CHICAGO — Illinoisans wagered a cool $286.2 million on March Insanity, in keeping with state income figures launched Tuesday.

The video featured is from a earlier report.

That features $278.4 million wagered on about two and a half weeks’ price of video games within the males’s NCAA basketball event, and one other $7.8 million wager on the ladies’s tourney, the Illinois Gaming Board reported. That is the state company that polices authorized playing within the state, together with sports activities betting, which grew to become a reliable operation in Illinois two years in the past.

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The on line casino sportsbooks got here out forward by greater than $14.3 million collectively on the faculty hoops motion, however one noticed its bracket bankroll go bust. The Hollywood On line casino Aurora closed out the NCAA tourneys within the pink by $6,795, Gaming Board data present.

However the total on line casino win generated virtually $2.2 million in Illinois tax income. Sportsbooks need to ship 15% of their winnings to the state.

A tweak to state playing regulation meant that this was the primary time Illinois gamblers may legally wager on in-state faculty groups.

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Officers say they did not monitor how a lot cash was placed on the Combating Illini or Loyola Ramblers, however these bets on Illinois faculties can solely be positioned in particular person at a on line casino. Virtually $11.8 million was wagered in all at these so-called retail sportsbooks.

About $61 million was wager in Illinois on the Tremendous Bowl, this yr making $9.5 million for the books and $1.4 million for the state.

Illinois gamblers have now plunked down greater than $10 billion on sports activities because the trade launched in March of 2020.

(Supply: Solar-Occasions Media Wire – Copyright Chicago Solar-Occasions 2022.)