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Iowa Sports Betting Passes $2 Billion, Adds To Already Strong Midwest Market

Iowa sports betting becomes 10th state to record over $2 billion in sports betting revenue, while Illinois continues to be top 3 in US market.

Iowa Sports Betting Passes $2 Billion, Adds To Already Strong Midwest Market
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Nicholaus Garcia Avatar
2 mins read

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.

Nicholaus Garcia Avatar
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Nick Garcia is a senior reporter for PlayUSA. Garcia provides analysis and in-depth coverage of the gambling industry with a key focus on online casinos, sports betting and financial markets. Garcia has been covering the US gambling market since 2017. He attended Texas Tech University as an undergrad and received a Master of Arts in Journalism from Columbia College Chicago.

View all posts by Nicholaus Garcia

Nick Garcia is a senior reporter for PlayUSA. Garcia provides analysis and in-depth coverage of the gambling industry with a key focus on online casinos, sports betting and financial markets. Garcia has been covering the US gambling market since 2017. He attended Texas Tech University as an undergrad and received a Master of Arts in Journalism from Columbia College Chicago.

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