Revenue for the month reached $20.4m (£16.8m/€19.1m), which was 52.2% up from $13.4m in December of 2021. This was also comfortably higher than $5.8m in November 2022when Iowa suffered a sharp decline following multi-million-dollar winning bet payouts to US businessman Jim ‘Mattress Mack’ McIngvale.
Figures published by the Iowa Racing and Gaming Commission (IRGC) showed that of total revenue posted in December, $17.6m came from online sports betting, while a further $3.1m was attributed to retail sportsbook activity.
Read the full story on iGB North America.
Original article: https://igamingbusiness.com/sports-betting/iowa-sports-betting-revenue-bounces-back-in-december-despite-handle-drop/
