Iowa reported a year-on-year decline in sports betting handle in April. However, the state did report an increase in revenue.
The amount of money that consumers bet on sports in April was $172.6m, down 2.7% compared to $177.4m in April 2022. It is also 25.8% less than the $232.6m they wagered in March this year.
The remaining $15.1m of this total was bet at retail sportsbooks in the state.
Revenues were $14.1m. This is up 13.7% compared to last year’s $12.4m but down 29.2% from the $19.9m in March.
Retail revenue was $675,241 and online betting generated $13.4m.
Diamond Jo and FanDuel Sportsbook in Dubuque remained market leaders with $5.0m of revenue from $42.6m of bets. They paid out $37.5m as winning bets.
Wild Rose in Jefferson, a partner of DraftKings with $2.2m of revenue, was followed by Wild Rose Clinton with $1.9m of revenue and $19.1m of bets.
The sports betting tax was $908 605, and the players won $158.5m.