As has been the case in other states, Iowa casinos had an impressive March. Sportsbooks in the state contributed to a winning month, benefitting from high interest in betting markets on March Madness contests.
For the month, Iowa sportsbooks won $17.5 million from bettors throughout the month, allowing the state to cash in on tax revenue. Casinos contributed almost twice that amount to the state in March, however.
According to figures from the IRGC, the 19 casinos in Iowa combined for $159.9 million in adjusted gross revenue. As a result, the state collected $32 million in taxes from play on poker, slots, and table games.
