July 13, 2020

Iowa sports betting market continues to climb up in June

Iowa sports betting market continues to climb up in June

Based on the figures released by the Iowa Racing and Gaming Commission, sports betting revenue in the state amounted to $620,740 in June—up b 23.9% on the previous month.

Iowa was boosted last month after it reopened its casinos on June 1—after it closed its doors on March 17 due to the novel coronavirus (Covid-19) pandemic. The state’s sports betting industry experienced a significant drop in revenue in April to $150,331.

Fortunately, the market recovered in May, during which the revenue went up to $501,601, and the state saw betting levels consistently climb over the past month.

In June, players bet a total of $12.7 million on sports, up by 81.4% from $7.0 million in May.

Despite the state reopening casinos and retail sportsbooks, online continues to be the channel of choice for majority of consumers, with people betting $11.6 million and winning $10.9 million through digital platforms, leaving operators with $662, 062 in online revenue.

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