The Iowa Racing and Gaming Commission reported a record $25.4 million in adjusted gross revenue claimed by sports wagering operators for September as the house posted a double-digit hold for the third consecutive month.
The revenue figure shattered the previous record of $19.7 million last November, when the $287.2 million handle was a short-lived record. September’s handle surged 63.4% from August, but it was also 4.8% lower compared to the $210.4 million wagered in September 2021. Iowa also became the 12th state in the post-PASPA era to reach $25 million revenue in a month.
The 12.7% win rate is the third-highest in 38 months of wagering in the Hawkeye State and nearly one full percentage point higher than the 11.8% hold for August.
