Published
OnlineLand-BasedFinancial

Iowa produces $13m in revenue from $270m in handle for December

Iowa sportsbooks have generated over $13m in revenue from nearly $270m in wagers for December.

Iowa Iowa

Over the 31 days of the month, bettors placed $8.6m worth of bets daily, down 12% from November, making December’s volume fall short of the record of $287.2m wagered the previous month.

December’s revenue also dropped 32% from the record $19.7m set in November. However, December’s revenue showed a 77% year-on-year increase, making it the second-highest in state history. The last month of the year generated $957,637 in tax revenue for the state.

The online market generated 91% of the month’s bets, producing $11.9m in revenue while retail produced $1.5m in net receipts.

Caesars led the online market with $90.1m in wagers followed by DraftKings with $72.3m in online bets.

The retail market was topped by Diamond Jo Worth, with $6.2m in bets; Ameristar Council Bluffs came in second with wagers worth $5.5m.

December offered fans “an overwhelming” amount of football and basketball to bet on. In addition to a full month of NFL and NBA, bettors also showed interest in college basketball.

Over the year 2021, Iowa’s sports betting market produced $2.04bn (in online and retail wagers), up 255% from 2020. The online market generated 88% (or $1.8bn) in wagers, up 344% compared to the previous year. The retail market showed a year-on-year increase of 175%.

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Soft2Bet
Scientific Games
Digitain Malta
Follow Us

Facing Facts: Q3 2024 analysis

Gambling Insider takes a look at the Q3 results of operators...

Taking stock: The final count of 2024

Gambling Insider tracks operator and supplier prices of some...

CEO Special: Flutter CEO Peter Jackson – Playing to win

As the biggest publicly traded operator in gambling meets th...

CEO Special: Holland Casino CEO Petra de Ruiter – High flier

Petra de Ruiter, Holland Casino CEO, speaks to Gambling Insi...

A welcome from your host

A message from the Founder of the Global Gaming Awards and G...

From the event manager

A message from the Event Manager of the Global Gaming Awards...

From the Awards adjudicator

KPMG in the Crown Dependencies is the official voting adjudi...

The process

The Global Gaming Awards have deservingly earned the reputat...