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.