Sportsbooks in the Hawkeye State saw a massive 74.5% spike in revenue in September, with the operators seeing a combined $27.4 million.
Another month of football has reinvigorated the the sports betting scene in Iowa and as bettors start redownloading their sportsbook apps, most operators are seeing more bets, and more revenue. From those bets, Iowa sportsbooks held 10.1% of the action, a slight increase from the 9.4% in August. The revenue therefore saw a massive 74.5% spike in September, with the operators seeing a combined $27.4 million. The tax bill came to $1.8 million, nearly double the $1 million charge the month prior.
When looking at July’s chart, there are few changes to the order of what apps people are betting on. However, the longer sportsbooks like Fanatics and ESPN BET are in the middle of the pack, the less likely they will be able to compete with the more traditional sportsbooks. , and is the only book to report handle in the nine figures. But every sportsbook in the top nine enjoyed an increased monthly handle, and eight of those operators also reported higher revenue.
Born in Silver Spring, Maryland, Ethan has previously written industry articles for Forbes Betting. He's also written game previews for USA Today's SportsbookWire.If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
West Virginia's September Sports Betting Revenue Up 48% Year-Over-YearWest Virginia reported $7.1 million in sports betting revenue on a $46.4 million handle in the first full month with college football and the NFL.
Read more »
Football Helps North Carolina Sports Betting Action Rise 55% in SeptemberThe Tar Heel State reported a handle of $575.4 million and revenue of $70 million for the eight online sportsbooks.
Read more »
Maryland Sets New Sports Betting Tax Record, September Revenue Rises 43% Year-Over-YearThe Old Line State produced $62.5 million in adjusted revenue on a $532.9 million handle.
Read more »
Kansas Monthly Sports Betting Revenue Nearly Triples From August to SeptemberThe Kansas Lottery announced the state saw nearly a quarter billion dollars in wagers in September, a $100 million increase from the previous month.
Read more »
Delaware Reports Record Sports Betting Handle, Revenue in SeptemberDeleware sports betting revenue reached an all-time high in September and was up more than 200% year-over-year.
Read more »
Diamond Sports, FanDuel reach naming rights agreement for regional sports networksDiamond Sports and FanDuel have reached a naming rights agreement for Diamond Sports’ regional sports networks.
Read more »