As presidential candidates look ahead after the Iowa Caucuses, sports activities betting in Iowa exhibits it already has momentum. Sports activities betting income within the Hawkeye State soared to $26 million in December, its highest degree ever.
The sportsbook at Iowa’s Prairie Meadows On line casino helped the Hawkeye State attain report sports activities betting income figures in 2023. (Picture: On line casino.org)
Iowa Gaming and Racing Fee (IGRC) numbers present Iowans wagered 3% extra in 2023 than in 2022, producing a year-end deal with of $2.4 billion.
The combination of school soccer, NFL, NHL, and faculty basketball video games was a recipe for achievement, driving Iowa’s deal with to rise by 23% yr over yr. That provides to the expansion and momentum indicated within the IGRC numbers for December.
The state begins 2024 after filling its coffers with $1.8 million in sports activities betting taxes in December.
Iowa gamers received $256.5 million from sports activities betting in December. The Tremendous Bowl and March Insanity will possible gasoline sports activities betting momentum early within the new yr.
On-line Sports activities Betting Dominates within the State
On-line sports activities betting comprised greater than 91% of Iowa’s December deal with, with retail sportsbooks producing $24.4 million in wagers. Operators report 20% extra income yr over yr, and the 12-month maintain common stayed above 8%.
DraftKings led the Hawkeye State with a deal with of $94.7 million in December, whereas FanDuel got here in second at $67.6 million.
Iowa Casinos End Sturdy
Iowa’s gaming income from the state’s 19 brick-and-mortar casinos got here in at simply over $156 million in December, a 9.5% year-over-year enhance from the 142.48 million received in December 2022.
A lot of the cash got here from slot machines, which generated greater than $140M in earnings, whereas desk video games took in additional than $15 million.
The IRGC lists Prairie Meadows Racetrack and On line casino as the highest performer of 2023, with greater than $22 million in income. Ameristar II and Horseshoe On line casino Council Bluffs spherical out the highest three, taking in round $17 million.
Different Objects from Iowa in 2024
Search for a complete examine on the horse racing business by the summer season of 2024. The IGRC authorised the examine earlier than Brian Ohorilko stepped down in December after practically 20 years.
The examine is de facto targeted on understanding the affect of racing and in attempting to grasp other ways and totally different instruments to proceed to make sure that that business is sustainable,” Ohorilko informed Radio Iowa.
A brand new IRGC administrator is predicted to be appointed this month. Tina Eick was appointed as interim administrator.
At present, the IRGC is shifting its Des Moines places of work, in keeping with its web site.
