As with other sports betting jurisdictions in the US, April hasn’t been kind to gaming operators, even in Iowa. In April, Iowa sports betting revenue was $14.1 million, down 28.8% from the $19.8 million in March.
According to data from the Iowa Racing and Gaming Commission, total sports betting handle stood at $172.6 million, down 25.8% from March’s $232.6 million.
Although the drop in revenue wasn’t unexpected, considering the NCAA Basketball tournaments heavily boosted March numbers, Hawkeye State still felt the sting.
Although brick-and-mortar casinos also experienced a decrease in April, the dip wasn’t as severe as sports betting. The 19 Iowa casinos generated $153 million in adjusted gross revenue (AGR), down 4.4% from the $159 million reported in March.
