- $111.2 million was wagered on sports in Iowa in June.
- This is a 3.2% decrease in activity.
- Sports betting revenue is up 37.3% month over month.
DES MOINES, Iowa – The Iowa Racing and Gaming Commission has released its sports betting revenue report for June and it shows a slight dip in activity, but a major spike in revenue.
Iowa was dominated by mobile betting yet again, with 85.6% of total sports betting activity coming through online and mobile betting apps.
The Iowa sports betting market has seen continued success even with the fluctuating betting handle.
Iowa Sports Betting
According to the official report released by the Iowa Racing and Gaming Commission, $111,176,670.99 was bet on sports in June. This is a slight 3.2% decline from the $114.9 million bet on sports in May.
Daily betting figures show that an average of $3.7 million was bet on sports per day in June, not too far off from May’s averages.
The big story, however, is the $8,424,698.84 in sports betting revenue up 37.3% month over month compared to the $6.1 million collected in May. The Hawkeye State saw $568,501.89 in taxes from sportsbooks.
Sports betting was dominated by mobile betting, with $95,130,928.84 of the total betting handle coming from mobile sportsbooks. Mobile betting has consistently dominated Iowa sports betting since its launch.
Retail sportsbooks still have shown strong growth, however, jumping from $1 million in wagers in May, to $16 million in wagers in June.
This could be attributed to Iowa opening up more as they begin to recover from the COVID-19 pandemic.
With a strong mobile betting market and a growing retail market, Iowa should continue to see steady numbers going forward.
Iowa’s yearly report also shows major success. Iowa has reached $1.22 billion in wagers for the fiscal year. The Hawkeye State has reported $6.1 million in tax revenue during that 12-month period.
The legal sports betting market in Iowa is in good standing despite the slight dip in sports betting activity month over month. As the summer continues, Iowa is expected to see even more success leading into the fall season.
Coming from a background in narrative-based writing, Giovanni strives to write stories that will keep the reader engaged. Although he does pride himself in being accurate, how the story is told is also very important to him. When he’s not keeping readers up to date on sports betting laws and legislation, you can find him writing and recording music, playing videogames, or engaged in heated sports debates with his friends.