The summer swoon continued apace in Iowa, with July Iowa sports betting handle figures that were down slightly month-over-month, while revenue rebounded after a sizable drop in June.
Overall, Iowa sportsbooks took in $109,680,895 worth of sports betting handle in July, which represented a 5.1% drop from June’s sum of $115,595,593.
The picture was rosier for Iowa sportsbooks, revenue wise, with a 48.2% jump from June’s sum of $7,131,173 to $10,568,989 in July.
The Hawkeye State’s tax bill wound up being $713,772 in July, putting the final chapter on the seventh month of the year for Iowa sportsbooks.
What To Know About Iowa’s July Report
The No. 1 operator in Iowa during July was Crown Iowa Gaming/DraftKings Sportsbook Iowa, which wrapped up the month at $37,416,257.
Trailing the Boston-based operator were Betfair Interactive U.S./FanDuel Sportsbook Iowa ($24,990,652), American Wagering Inc./Caesars Sportsbook Iowa ($15,403,551), BetMGM Sportsbook Iowa ($8,350,877) and Hillside/Bet365 Iowa ($5,957,331).
The Iowa sports betting marketplace is currently one operator shy of maturity, thanks to Unibet leaving the Hawkeye State on Dec. 20.
As of Monday morning, Iowa’s $109,680,895 July handle ranks fifth out of the eight states that have reported totals for the month.
The Hawkeye State ranks behind national stalwart New York ($966.5 million), in addition to states like Maryland ($247.4 million), Tennessee ($214.1 million) and Indiana ($203.7 million) on a national level.
Through seven calendar months, sportsbooks in Iowa have taken in just over $1.205 billion in wagering handle, averaging out to around $172.2 million per month for the year.
Make sure to follow along with IowaBets.com for more information on Iowa sports betting apps.