The Iowa Racing and Gaming Commission (IRGC) has released data showing a significant increase in sports betting activity and revenue for December compared to the previous year. According to the report, player spending in December reached $282.7 million, marking a 23.0% increase from the same period in 2022. However, it was slightly lower than the $289.7 million recorded in November 2023.

The majority of the spending, totaling $258.3 million, occurred in online sports betting, while $24.4 million was wagered at retail sportsbooks across Iowa. The revenue from these bets amounted to $26.3 million, marking a 28.9% increase from the previous year and an 86.5% increase from November 2023. Of this revenue, $23.6 million came from online betting, and $2.7 million from retail wagering.

In terms of individual operators, Diamond Jo Dubuque and FanDuel led the pack in Iowa, generating $7.2 million in revenue from $68.7 million in bets in December. Wild Rose in Jefferson and DraftKings followed with $4.0 million in revenue from a $43.3 million handle, while Wild Rose in Emmetsburg, also a DraftKings partner, recorded $3.0 million in revenue from $27.5 million in wagers. The Wild Rose facility in Clinton, another DraftKings partner, also had a positive month with $2.9 million in revenue from $31.1 million in bets.

For the six months leading up to December, the total handle for sports betting in Iowa reached $1.32 billion. During this period, the IRGC reported $112.7 million in revenue and $1.21 billion in player winnings, resulting in $7.6 million in taxes collected.

Overall, the data from the IRGC indicates a strong performance for sports betting in Iowa, with continued growth in both player spending and revenue.

By admin