Iowa sports betting revenue up to $2.2m in July

Sports betting revenue in Iowa increased to $2.2m in July as the state continued to recover from the novel coronavirus (Covid-19) shutdown of sports and retail gambling venues.

Revenue was up by 261.5% from $620,740 in June – during which retail casinos reopened after a period of closure that stretched back to mid-March – while the state’s sports handle also jumped 80.3% month-on-month to $22.9m.

Online remained the primary source of sports betting revenue, generating a total of $1.3m in July from $17.8m in overall sports wagers.

Retail revenue amounted to $915,582 as more consumers returned to brick-and-mortar facilities, with $5.1m worth of bets placed in-person during the month.

Players won a total of $20.6m from sports bets across online and retail in July, while operators paid $151,919 in tax from sports wagering operations.

Read the full story on iGB North America.