Iowa Sports Betting Hits $9.6 Million Daily
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Football season is notoriously huge for sports bettors. As the most popularly bet sport by far in the U.S., both NFL and college football games get plenty of attention from the sports betting public. In fact, before the start of the pro football season, there were projections that over 45 million Americans would wager on the NFL this year. With the postseason looming and the NFL playoff race getting more interesting by the week, don’t expect sports fans to abandon their favorite sportsbook apps any time soon. Well, one state in particular has been keeping very busy with sports wagering lately, not just over the month, but daily. Let’s check out the current state of Iowa sports betting.
Iowa Sees Almost $10 Million In Daily Sports Bets
The November weather might be cooling down, but gambling is red hot in Iowa right now. Lately, Iowans have been placing a total of $9.6 million on sports bets every single day on average. November was another record-shattering month for sportsbooks, as the total handle was approximately $287 million, with total revenue around $20 million. In fact, the fiscal year for Iowa (which began in July) is now seeing total sports gambling handle surpass $975 million, with the possibility of hitting a $2 billion total on the year depending on the next few weeks.
November’s major numbers also mark three straight months in which a sports betting record was broken in the state. Plenty of factors have likely contributed to this, including plenty of sportsbook advertising, most major sports playing at once, and easier signups for sports betting platforms.
Who Brought In The Most Money?
While Iowa is home to numerous online sportsbooks, DraftKings and Caesars have been the two most favored platforms in the recent streak of record-breaking sports betting months. When it comes to physical casino locations, the Ameristar Council Bluffs and Diamond Jo Worth casinos brought in the most money. And, as you’d expect, both pro and college football were the biggest sports to bet on for Iowans, although college basketball and the NBA drove in some betting money as well.
A Quick History of Iowa Sports Gambling
Iowa has allowed sports betting since May of 2019, earlier than plenty of other states where the practice is now commonplace. The Hawkeye State originally rolled out brick-and-mortar sports betting in May of that year, while online sportsbooks launched in August of 2019. Nowadays, the state is home to some of the biggest sportsbooks around, with DraftKings, FanDuel, BetRivers, Caesars, and BetMGM all having a presence in the area. A lot of the reason for so much more sports wagering in the state has to do with the current rules for sportsbook registration. While you used to have to go to a brick-and-mortar casino location to complete your signup for a sports wagering app, that was reversed in January of 2021, making the entire process much easier. As you’d imagine, the majority of bets are now placed online since this was reversed.
