Iowa sports betting saw a significant increase in handle in September, with a growth of $100 million compared to the previous month. The state’s total sports betting handle for September reached a total of $243.5 million, marking a new record for the industry.
The increase in sports betting activity in Iowa can be attributed to a variety of factors, including the return of major sports leagues such as the NFL, MLB, and NBA. Additionally, the popularity of online and mobile sports betting platforms has made it easier for bettors to place wagers from the comfort of their own homes.
Despite the growth in handle, Iowa’s sports betting market also saw a decline in revenue in September. The total revenue for the month was $18.6 million, which was a decrease of $2.4 million compared to August. This decrease in revenue can be attributed to a high amount of payouts to bettors who placed winning wagers during the month.
Iowa has emerged as one of the leading markets for sports betting in the United States, with a strong infrastructure of retail sportsbooks and online platforms. The state has seen consistent growth in sports betting activity since launching its legal market in August 2019.
Looking ahead, industry experts predict that Iowa’s sports betting market will continue to grow as more bettors become familiar with the offerings and regulations in the state. With the ongoing popularity of sports betting and the return of major sports leagues, Iowa is poised to see even more growth in the months to come.
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