Iowa Sportsbetting Revenues Bounce Back in December

This story was published more than 1 year ago.

The state of Iowa saw its sportsbetting revenues for December hit $20.4 million, which is up 241.7% from November, and up 52.2% from the numbers hauled in during December 2021.

The operators in the Hawkeye state took a massive loss during November due to operators having to pay out massive wins to businessman Jim McIngvale, who bet on the Houston Astros to win the 2022 MLB World Series. Handle for the month was down 13.7% from last year to $229.9 million, and also down 7.1% from November's results. $23 million was wagered at retail sites, while $206.9 million was bet online. The Iowa Racing and Gaming Commission reported $1.4 million in taxes paid from operators.

The most popular book was FanDuel from the Diamond Joe in Dubuque, which had $34.1 million in wagers and $5.2 million in revenue. The second spot went to Jefferson, Iowa's Wild Rose, whose DraftKings product had $34.1 million in wagers and $2.5 million in revenue. Third position was held by Diamond Jo in Worth Iowa, whose FanDuel sportsbook had $26 million in handle and $2.3 million in revenue.

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.