The Iowa Racing and Gaming Commission reported sports wagering handle of $238.8 million for October, but operators in the Hawkeye State posted the lowest hold of any state nationwide in nearly two months worth of reports.
The 8% win rate is still above the industry standard of 7%, but was the lowest anywhere since the Nevada Gaming Control board reported a 3.9% hold for the month of August. The month of September, which still needs reports from Illinois and Arizona to complete national tallies, will end up being a historic rout by operators, with the current hold rate at 12.1%. The lowest hold among the 25 operators reporting to date for September was again Nevada, but it was a far more robust 9.3%.
