For years, Illinois has been preparing to significantly expand its gambling industry. It seems that the state’s sports teams recognize this changing trend. News broke this week that a popular Illinois casino has just signed a new deal with the Chicago Bears.
This should help to bring this gambling venue considerably more exposure. It also goes to show how far the state’s gaming industry has come recently. Now is a great time to talk about exactly which casino the Bears have decided to team up with.
Let’s get into it!
Illinois is Now Home to the Country’s Second-Largest Sports Betting Market
The US sports gambling industry has grown tremendously since 2018. This was the year PASPA was removed, giving every state in the country the ability to legalize its own sports gambling industry. Today, more than 30 states have passed legislation to allow this form of gambling.
Illinois launched its first sportsbook in March of 2020. It immediately became clear that there was a major demand for sports betting. Revenue figures earned from this industry quickly began to surge with each passing month.
Today, Illinois is home to the second-largest sports betting market in the United States. Only New Jersey is ahead in terms of revenue. That’s not a huge surprise when considering New Jersey also draws in a huge number of bettors from neighboring New York.
2021 is proving to be an exceptional year for the sports betting companies in this state. This past April, Illinois saw an astounding $537.2 million in sports betting handle. The vast majority of the bets placed here were made using a mobile device.
Most analysts expect revenue figures from Illinois’ gaming industry to increase as 2021 goes on. That is particularly true if lawmakers approve a measure to allow college sports betting here in the near future. Some even feel that Illinois has the potential to become the country’s biggest sports gambling hub soon.
The casinos here are bouncing back from the events that unfolded in 2020. We’re now beginning to hear about a major new partnership involving one of the state’s sports teams and a casino here.
Chicago Bears Sign New Sponsorship Deal With a Popular Illinois Casino
Illinois is home to a huge number of casinos. Lately, the government here has been working to expand the number of gaming venues operating in the state. It comes as part of the plan to generate more tax money from these properties.
It seems that the state’s embrace of casinos is being noticed by various Illinois sports teams. This week, news broke that the Chicago Bears have just signed a new sponsorship deal with a popular Illinois casino. This is the Rivers Casino in Des Plaines, one of the most successful gaming venues in the state.
The Rivers Casno casino will be the “official casino of the Chicago Bears” moving forward. Bears president Ted Phillips released a statement on this situation to the media. In it, he expressed his excitement and believes this will help the team to better connect with fans.
“We are incredibly excited to announce BetRivers and Rivers Casino as our first multi-year exclusive partner in the Sportsbook and Casino categories,” Phillips said. “We look forward to connecting with our fans in fun and unique ways through these avenues and couldn’t be prouder to be building this relationship with a hometown company.”
The Bears also signed a sponsorship deal with BetRivers, a popular sports betting company in the state. Both this sportsbook and Des Plaines casino will receive access to “digital, social and print assets” of the Bears. This should help to bring these companies significantly more exposure over the next few years.
There is a lot happening with the gambling industry over in Chicago. Here’s a quick look at the state’s plans to launch a casino in the city of Chicago.
What’s Happening With Chicago’s Casino Plans?
Back in mid-2019, lawmakers in Illinois approved a new capital plan that allows for several new casinos to be constructed around the state. To the surprise of many analysts, that includes a new casino in Chicago.
Several issues have come up with attempting to get this venue built, though. First, state officials set an unusually high tax rate for whichever company was granted a license to run this venue. That kept almost all of the country’s major gaming companies from expressing any interest in running this casino.
Location has been another issue. Officials in Chicago have spent a considerable amount of time trying to find the best location to open this venue. There are still several areas of the city under consideration to host the Chicago casino.
There has been little word on this venue for the past few months. Mayor Lori Lightfoot seems determined to make progress, yet other issues are clearly taking precedence. Hope is that Chicago’s first casino will open its doors within a few years.
Those in the Chicago area have plenty of great, nearby gambling venues to choose from. That includes the popular Illinois casino recently partnered with the Bears, Rivers Casino in Des Plaines.
Are you excited to hear about the Bears’ new sponsorship with Illinois gaming companies? Let us know in the comments section below.