Iowa collected a record amount of state revenue last month on sports betting with the kickoff of the football season — despite fewer bets being placed compared with a year ago.
Iowa’s 19 state-licensed casinos reported adjusted gross revenue of nearly $451 million from slot machines and table games and a separate sports wagering handle of more than $431 million that netted them $51 million in receipts for the three-month quarter that ended Sept. 30, Iowa Racing and Gaming Commission data shows.
Large Mega Millions and Powerball jackpots also fueled lottery sales. State proceeds from lottery profits stood at more than $24 million on more than $110.7 million in sales through Sept. 30, up nearly $2 million from the same time last year.
