Iowa sports betting breaks record in October

Iowa has set a new state record handle.
Iowa has set a new state record handle.

The Iowa Racing and Gaming Commission has reported $280.9m in wagers, breaking the record $210.4m handle reached in September.

US.- The Iowa Racing and Gaming Commission has reported $280.9m in wagers, up 243 per cent from $81.9m in October 2020 and breaking the record $210.4m handle reached in September. Bettors averaged $9.1m per day, an increase from $2.6m per day in October 2020.

Iowa’s sportsbooks have collected more in bets over the last three months ($599.8m) than in all of 2020 ($575.2m), according to PlayIA.com. Caesars registered $97m in wagers in October while DraftKings reported $76.4m.

Eric Ramsey, analyst for the PlayUSA.com Network, which includes PlayIA.com said: “With baseball’s postseason, the start of the NBA, and a calendar packed with football, bettors found so much to bet on.

“Iowa has also made a significant leap forward in maturation as more operators launch and Iowans begin to feel more comfortable with online sports betting. A maturing market and busy sports calendar proved to be a powerful combination.”

Russ Mitchell, lead analyst for PlayIA.com added: “The enthusiasm over Iowa and Iowa State football waned a bit in October, but both are still drawing a lot of interest to the state’s sportsbooks. There won’t be another opportunity like the Cy-Hawk game featuring two Top 10 teams anytime soon, but on the whole, Iowa’s sports betting industry is in a great position headed into the final months of 2021.”

See also: Iowa Gaming Association supports online gambling expansion

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Iowa Iowa Racing and Gaming Commission sports betting