Iowa sports betting revenue up despite further handle decline in May
| By Robert Fletcher
Sports betting revenue in Iowa increased year-on-year and month-on-month in May despite the state experiencing an ongoing drop in handle.
Consumer spending for the month amounted to $147.7m, marginally down from $147.9m in May 2022 and also 14.6% behind $172.9m in April this year.
This marked the second consecutive month of handle decline in the state.
Of the total amount wagered by players, $135.2m was bet online and $12.5m at retail sports betting facilities.