Iowa sports betting market continues to recover in June

10 July 2020

Figures released by the Iowa Racing and Gaming Commission show that sports betting revenue in the state amounted to $620,740 in June, an increase of 23.9% on the previous month.

Iowa was boosted last month by the reopening of its casinos on June 1, after closing their doors on March 17 due to the novel coronavirus (Covid-19) pandemic, which had led to a significant drop in revenue in April to $150,331.

However, the market recovered in May, during which revenue reached $501,602, and the state saw betting levels continue to climb over the past month.

In June, players wagered a total of $12.7m on sports, up 81.4% from $7.0m in May, winning $12.1m in the process.

Despite casinos and retail sportsbooks reopening, online remained the channel of choice for many, with consumers wagering $11.6m and winning $10.9m via digital platforms, leaving operators with $662,062 in online revenue.

Read the full story on iGB North America.