Gamblers bet more than $4 billion at Iowa-licensed casinos and sportsbooks in fiscal 2023, and even that average of nearly $11 million a day in wagers represented a decline for both in-person casino and online sports betting.
Iowa’s sports betting revenue dropped in the fiscal year that ended in June for the first time since the Iowa Legislature legalized it in 2019.
And it was a significant drop: There was $2.247 billion in sports bets made in the 2023 state budget year, down from $2.455 billion in the same period the previous year — an 8.5% decline, according to state figures.
For just the second time in the past decade — but excluding the worst pandemic year — casino gambling revenue in Iowa also dropped from the previous year.