Iowa betting revenue declines despite new handle record in September

| By Robert Fletcher
Iowa reported a third straight month of sports betting revenue decline in September despite the state’s handle reaching a new monthly record of $210.4m.
Iowa records handle decrease for April

Handle was up 190.6% year-on-year from $72.4m in September 2020 and 94.1% higher than 108.4% in August of this year, also comfortably surpassing the previous monthly record of $161.4m set in March 2021.

Online betting was responsible for $186.5m in sports wagers during the month, while the remaining $23.9m was spent at retail sportsbook locations in Iowa.

In terms of operators, Caesars Entertainment (American Wagering Inc) ranked first in the online market with a handle of $66.5m, ahead of DraftKings (Crown IA Gaming LLC) with $64.8m.

Read the full story on iGB North America.

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