Iowa Sportsbetting Generates $2.2 Million in 2 Weeks

This story was published more than 4 years ago.

In its first sixteen days, regulated sportsbetting has generated $2.2 million in revenues for betting groups, proving that a small state can be a lucrative market for the activity.

Sportsbetting went live on August 15th, and the first slate of numbers run through the 31st of the month. There was $8.6 million wagered during the period, with gamblers winning $6.4 million. Retail betting saw $4.9 million wagered, and generated $1.7 million during the period. Mobile betting saw $3.7 million generated in wagers, with $424,129 in revenues going to the books.

The Hawkeye State had $145,914 generated in tax revenues for the two weeks, as sportsbetting is taxed at a 6.75% rate for gross revenues.

The numbers show that sportsbetting can be popular in Iowa, which has a population of 3.5 million. The numbers will likely grow, as football season is in full swing. This past weekend the University of Iowa and Iowa State University faced off in the state's biggest rivalry, with the 18th ranked Hawkeyes prevailing 18-17.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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27 September 2019 - 7:39pm

Quite a decent number for an activity that it lasts just two weeks and more so in a low populated state like Iowa on top of that, many bookies would be keen to join the market there seeing those numbers I guess.