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Another state has crossed the threshold of generating over $2 billion in sports betting handle.
Iowa customers wagered more than $266.5 million in December, helping it become just the 10th state to cross the $2 billion mark.
A $2 billion outlook for Iowa sports betting
For 2021, Iowa sports betting generated $2.04 billion in online and retail wagers, which is up 225% from $575.2 million in 2020.
Additionally, the state produced $1.8 billion in online wagers, up 343.7% from $405.2 million in 2020.
How productive is mobile wagering?
In the Hawkeye State, mobile sports betting accounted for 90.7% of the overall handle in December, according to the state Racing and Gaming Commission.
Iowa moved away from in-person registration in 2021. During its original launch in August 2019, the state required customers to sign up for a betting account at commercial casinos.
The top sportsbook operator in Iowa is…
The Caesars Sportsbook continues to be the No.1 operator in Iowa. In December, the company took in $90.1 million in wagers good for $3.6 million in revenue. For the year, Caesars has accepted nearly $653 million in sports bets.
Other operator handle breakdowns include:
- DraftKings $72.3 million
- FanDuel $35.7 million
- BetMGM $17.2 million
- Barstool $ 9 million
Helping boost the midwest sports betting market
Although December revenue numbers have yet to be released, Illinois enjoyed a profitable November with sportsbooks netting nearly $80 million in revenue.
For November, Illinois bettors wagered a total of $779.8 million, up 74% from $449.2 million during the same month in 2020.
Of the total sports betting handle, $746 million or 95.7% was generated via online sports betting.
According to the Illinois Gaming Board, $166.4 million of November sports bets came via parlays.
Of the revenue generated, NFL betting accounted for $21.2 million, translating to $12.7 million in tax revenue for the state.
For the month, Illinois sports betting trailed only New Jersey ($1.3 billion in handle) and Nevada ($1.1 billion in handle).
King of Illinois
Unlike Iowa, in the Land of Lincoln, DraftKings took home the crown of top operator.
DraftKings Sportsbook accounted for 38% of the market share good for $283.8 million in bets.
FanDuel ($214.4 million) came in second with BetRivers ($112.3 million) coming in third.
