Online sportsbooks in Iowa collected more online wagers in August than all retail and online sportsbooks combined did in June or July.
The dog days of the sports betting summer are now behind us, the 2024 football season is underway, and sports betting numbers are climbing. figures for August, and Iowa sportsbooks tallied a $166.99 million total handle to jump over 20% month-over-month compared to July’s $138.1 million of action.
State coffers benefitted from more than $1.06 million of tax contributions. Iowa sports betting has driven more than $16.3 million in tax contributions in 2024 through August as well. August 2023 saw $141.3 million in wagers and $13.51 million in total operator revenue, so last month’s marks accounted for 18.2% and 16.6% year-over-year increases, respectively.
Four online sportsbooks in Iowa beat that handle mark though, with DraftKings taking the top spot far and away with its $64.32 million handle. FanDuel’s came in just under half of its archrival with $36.94 million. Although charges were eventually dismissed for DeShawn Hanika and some of the other athletes caught up in the case, Hanika announced in August a to educate young athletes, coaches, and others around collegiate sports about problematic gambling and consequences towards the integrity of the game.
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