Iowa posts lowest full-month sportsbook revenue in December
Iowa’s licensed sportsbooks took in a combined $2.9m in sports betting revenue, down 19.3% from November and the lowest for a full month since sports betting launched.
This came despite handle declining only 0.1% month-on-month as bettors in the Hawkeye State enjoying their most successful month by far, in terms of winnings.
Online betting revenue increased 20.5% to $1.8m and outpaced retail for the first time since sports betting launched in the state. That $1.8m came on an handle of $33.5m, down 0.6% month-on-month.
Retail revenue declined 48.9% to $1.1m, despite players wagering $25.8m, 0.1% more than in November.