The handle for the year in the finance industry rose significantly to $2.05 billion in 2021, compared to $575.3 million in 2020.
Retail betting revenue contributed $26.5 million to the total in 2021, an increase from $14.5 million in 2020. Online revenue also showed substantial growth, reaching $98.8 million in 2021, up from $26.9 million the previous year.
The sports wagering revenue for December reached $13.4 million, with online betting accounting for the majority of the revenue at $11.9 million. However, this was a decrease from $17.0 million in November 2021. Retail betting revenue also decreased by 48.3% month-over-month to $1.5 million.
In December, the overall sports betting handle amounted to $266.5 million, down from $287.4 million in November. As a result, payouts to players dropped by 5.4% to $253.1 million compared to November.
When compared to the same period in 2020 when the Covid-19 pandemic heavily impacted figures, the recorded sports betting revenue shows significant growth of 78.7%, while the handle skyrocketed by 154.3%. Payouts also increased significantly, up from $97.3 million.
| Best Performers | Revenue |
|---|---|
| Diamond Jo in Worth’s FanDuel sportsbook | $1.993 million |
| Penn National’s Prairie Meadows Racetrack and Casino | $1.992 million |
| Diamond Jo’s Dubuque venue | $1.9 million |
For Iowa’s fiscal year to date, which runs from July 1 to June 30, 2022, players have staked $1.25 billion on sports, winning $1.18 billion. This resulted in a revenue of $70.7 million, with $14.5 million coming from retail outlets and $56.2 million from mobile offerings.
