Iowans gambling $9.6 million a day on sports betting
BPC Staff Dec 13, 2021 | 9:19 pm
1 min read time
121 wordsAll Latest News, Arts and Culture, Statewide NewsCedar Rapids Gazette: Betting an average of $9.6 million a day on sports, Iowa gamblers and sportsbooks operators were giving thanks for legalized sports betting in November, posting yet another monthly record with wagering topping $287 million and revenue for the burgeoning industry approaching $20 million. Last month’s continued betting frenzy on professional and college sports pushed the wagering handle above $975 million for the current fiscal year that began July 1, financial reports issued by the state Racing and Gaming Commission indicate. Likewise, adjusted gross revenue reported by Iowa’s 19 state-licensed casinos was potentially on record pace, with more than $730.3 million through the first five months of the current fiscal year after a strong November showing of $136.5 million.