Online sportsbooks accounted for 87% of bets with a handle of $99,916,367.39 paying out $95,091,786.13 in winnings. Meanwhile, retail sportsbooks attracted only $14,966,595.91 in bets paying out $13,657,700.02 in winnings.
Online sportsbooks posted net receipts of $4,824,581.26 while net receipts at retail sportsbook amounted to $1,308,895.89. This resulted in combined net receipts of $6,133,477.15 which generated $414,175.02 in taxes for the state.
Iowa Sports Betting Handle Drops to $114.8M for Month of MayThe Ameristar II posted the highest retail handle at $4,604,824.03 while it was the Diamond Jo Dubuque that took in the most internet bets with a handle of $15,943,372.91.
Olivia has worked as an editor and writer for major brands across multiple niches. She now focuses on the iGaming and sports betting industries.