United States

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Illinois

Illinois legalized sports betting on June 28, 2019. The legalization process began in 2018. After multiple proposed bills, the Sports Wagering Act was signed into law by Governor J.B. Pritzker.

The Illinois Gaming Board was granted the power to be the governing body over legal sports betting in the state. The first bet was made on March 9, 2020 at BetRivers Sportsbook at the Rivers Casino in Des Plaines. Online sports betting didn’t launch until the early summer months.

The Illinois sports betting industry has made a meteoric rise in its brief history. Sports betting conglomerates like DraftKings, FanDuel, and William Hill have all entered the state.

There are a total of five online sportsbooks with more expected in the near future. There are also eight retail sportsbooks in the state. There has been close to $1 billion in bets placed since March 9, 2020.

This substantial figure was supported by a summer and fall sports betting surge in Illinois. 

Colorado

Colorado sports betting was passed in early November of 2019 and launched on May 1, 2020. Legalization was a two-part process in CO that almost didn’t occur.

A bill was proposed in the House of Representatives during the 2019 legislative session. The bill was approved on the final day of the session which gave state residents the ability to approve sports betting.

They did this on November 5, 2019 by a very slim margin. The Colorado sports betting market has grown at a record-breaking pace. CO sports betting is becoming one of the largest markets in the state.

This is no surprise because of the number of companies that are operating in the state. CO sports betting includes retail and online betting. There are currently 17 online skins in the state and 12 retail sportsbooks.

Both these numbers are expected to continue growing in 2021. The betting handle in the state has gone up every month since May of 2020 so expectations are very high for Colorado sports betting in 2021.