Sports betting

Iowa breaks handle record for fourth straight month in December

1 minute read
Sports betting revenue declined month-on-month in December 2020 but was up 159.9% year-on-year, as stakes hit a record high for the fourth consecutive month thanks to new highs in both online and retail spending.

The $7.5m in revenue came on handle of $104.8m, up 76.7% year-on-year and 20.2% from last month’s record.

Online again made up the majority of revenue, at $4.6m, which was down from November but up 156.3% from December 2019. This came on stakes of $78.1m, which was also a new record and up 133.5% from the previous year.

Retail revenue, meanwhile, remained stable month-on-month at $2.9m and was up 31.8% compared to the year before. Retail handle also set a new record at $26.7m, up 3.5% from December 2019, which held the previous record.

Read the full story on iGB North America.

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