Iowa sportsbooks set handle record, bring in $5.2m in Sept
| By Daniel O'Boyle
Iowa sports betting revenue grew to $5.2m in September as the state broke its record for amounts wagered in a month.
The month marked the first time that year-on-year comparisons were available. This revealed that revenue was up 4.8% from September 2019, the first full month of legal sports betting in Iowa, and 72.1% from August this year.
Handle grew 43.9% month-on-month and 88.1% year-on-year to $72.4m, surpassing November 2019’s record total.
Online revenue was up 32.1% year-on-year to $2.7m, beating October 2019’s record for online revenue by just $25,000. Online handle totalled $50.0m, up 129.3% year-on-year and comfortably setting a record for the state.
Retail revenue declined 15.1% from September 2019 at $2.5m on retail handle of $22.4m.