Iowa sports betting revenue rises to $5.7m in October
![Iowa posts year-on-year sports wagering revenue increase](https://igamingbusiness.com/img-srv/dZ2jhUkgnd6fhDfcOJL8VAaAWEDNrqoSIRrWIc35oj8/resizing_type:auto/width:0/height:0/gravity:sm/enlarge:1/ext:webp/strip_metadata:1/quality:90/bG9jYWw6Ly8vaWdhbWluZ2J1c2luZXNzLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAyMC8wOC80NDQ0MDQ4MDcwNF81NTVhNzhjOWU5X2sxLmpwZw.webp)
Sports wagering revenue in Iowa increased to $5.7m (£4.4m/€5.2m) in October, the second full month of regulated betting in the state, with growth across both the retail and online sectors.
Total revenue was up 14.9% from $5.0m in September, the first month of legal sports betting following the launch of legal wagering on August 15.
Consumers wagered a total of $46.5m on sports in October, up 20.8% month-on-month, while tax collected from legal sports wagering in the state increased by 14.0% to $381,379.
Online remained the most popular form of sports wagering in Iowa, with players staking $25.9m, up 18.8% on $21.8m in September. Digital revenue was also up 32.6% from $2.0m to $2.7m.
However, despite consumers spending less at land-based sportsbooks, retail was again the main source of revenue for licensed operators. Overall retail revenue amounted to $3.0m, up from $2.9m in September, while retail handle also grew from $16.7m to $20.6m.
Read the full story on iGB North America.
Image: Tony Webster