Iowa’s sports betting operators cashed a total of $16.6 million in net receipts, good for a 7.9% win percentage (hold). Unlike the other metrics, operator revenue was not actually the lowest in 2024.
Iowa’s sports betting operators cashed a total of $16.6 million in net receipts, good for a 7.9% win percentage . Unlike the other metrics, operator revenue was not actually the lowest in 2024.April’s wagering total was also a 23.1% decrease from March’s $272.4 million handle, which was the sixth highest in Iowa sports betting history.
April 2023 saw a $172.6 million handle with Iowa sportsbooks generating $14.2 million in revenue from an 8.2% hold. The state drove $958,605.19 in taxes from April last year too, so overall the only metric that didn’t increase year-over-year was the hold percentage. a $196.6 million online handle in April. This is a month-over-month decline from the $252 million collected by Iowa online sports betting sites in March and is the lowest online handle in 2024 so far.
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