Iowa Sports Betting Revenue Rises in 2023
As presidential candidates appear to move forward after the Ioway Caucuses, sports betting inwards Ioway is showing it already has momentum. Sports betting revenue in the Hawkeye State soared to $26 billion inward December, its highest tear down ever.
Iowa Gaming and Racing Commission (IGRC) numbers exhibit Iowans wagered 3% more inward 2023 than in 2022, generating a year-end palm of $2.4 billion.
The admixture of college football, NFL, NHL, and college hoops games was a recipe for success, impulsive Iowa’s hold to rising by 23% twelvemonth over year. That adds to the maturation and impulse indicated in the IGRC numbers for December.
The province begins 2024 after having filled its coffers with $1.8 zillion inward sports betting taxes inwards December.
Iowa players won a summate of $256.5 one thousand thousand from sports betting during December. The Super Bowl and March Madness are potential to fire sports betting momentum inwards the too soon component part of the new year.
Online Sports Betting Dominates inward the State
Online sports betting made upward more than 91% of Iowa’s December handle with retail sportsbooks generating $24.4 billion in wagers. Operators news report 20% to a greater extent revenue twelvemonth o'er year, and the 12-month carry average out stayed in a higher place 8%.
DraftKings led the Hawkeye State with a handgrip of $94.7 one thousand thousand in December spell FanDuel came in sec at $67.6 million.
Iowa Casinos Also Finish Strong
Iowa’s gaming revenue from the state’s 19 brick-and-mortar casinos came in at just now o'er $156 trillion in December, a 9.5% year-over-year increase from the 142.48 one thousand thousand won in December 2022.
Most of the money came from expansion slot machines, which generated to a greater extent than $140M in income, while table games took in more than $15 million.
The IRGC lists Prairie Meadows Racetrack and Casino as the top performing artist of 2023 with to a greater extent than $22 meg inward revenue. Ameristar II and Horseshoe Casino Council Bluffs troll come out the top of the inning triad with both taking in around $17 million.
Other Items from Iowa inwards 2024
Look for a comprehensive hit the books on the Equus caballus racing industry by the summertime of 2024. The IGRC approved the consider before Brian Ohorilko stepped cut down inward December after nearly 20 years.
The meditate is really focussed on understanding the impact of racing and inwards trying to infer different shipway and different tools to persist in to ensure that that manufacture is sustainable,” Ohorilko told Radio Iowa.
A new IRGC executive is expected to follow prescribed this month. Tina Eick was ordained as interim administrator.
Currently, the IRGC is inwards the mental process of moving its Des Moines offices, according to its website.
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