Iowa sports betting handle hits $270m in December

Iowa took in $270m in bets during November.
Iowa took in $270m in bets during November.

Sports betting revenue hit $13m during the month, down 32 per cent when compared to November.

US.- The Iowa Racing and Gaming Commission has shared sports betting revenue and handle results for December. 

The state took in $270m in bets during the month, down 7.2 per cent from the previous record of $287.2m in November 2021.

Bettors placed $8.6m worth of bets per day over the 31 days, a 12 per cent drop month on month.

Revenues in December were also down 32 per cent from the record $19.7m set the previous month. However, December’s revenue rose 77 per cent year-on-year, making it the second-highest in the state’s history. 

The last month of the year generated $957,637 in tax revenue for the state.

Online betting accounted for 91 per cent of wagers for the month, generating $11.9m in revenue, while retail generated $1.5m in net revenue.

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

Diamond Jo in Worth’s FanDuel sportsbook led the retail market with $6.2m while Ameristar Council Bluffs came in second with $5.5m.

See also: Iowa sports betting breaks record in October

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