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Iowa sports betting handle continues to decline in April


Iowa experienced another year-on-year drop in sports wagering handle in April, though the state was able to report an increase in revenue.

Consumers spent $172.6m betting on sports during the month, down 2.7% from $177.4m in April 2022 and also 25.8% behind the $232.6m wagered in March of this year.

Of this total, $157.5m was wagered online, while the remaining $15.1m was bet with retail sportsbooks across the state.

In terms of revenue, this amounted to $14.1m, up 13.7% from $12.4m last year but 29.2% less than the $19.9m generated in March.

Online betting accounted for $13.4m of this total, with retail revenue at $675,249.

Diamond Jo in Dubuque and its FanDuel sportsbook remained the market leader with $5.0m in revenue from $42.6m in bets, paying out $37.5m in winning bets in the process.

Wild Rose in Jefferson and DraftKings followed with $2.2m in revenue and a $26.7m handle, ahead of sister property Wild Rose Clinton, also partnered with DraftKings, with revenue of $1.9m and $19.1m in bets.

Sports betting tax for the month amounted to $908,605, while players won $158.5m.