Key points:
- Players walked away with more than $279.8m in winnings during December 2024
- Net receipts from online wagering totaled $13.8m
The Iowa Racing and Gaming Commission has published its sports betting results for the month of December, including the state's sports betting handle having been reported to be nearly $293.1m.
The state’s December handle rose by nearly $10m when compared to what the state posted a year ago.
Internet net receipts during the month reached $13.8m.
Last month, 19 operators took online bets from Iowa players, accounting for a total internet sports betting handle of close to $273.1m.
Players statewide took home $279.8m in December winnings, with almost $259.3m of those wins having been generated from wagers that were placed online.
Last month, sports wagering in Iowa contributed more than $0.9m in taxes.
Good to know: Sports betting has been legal in Iowa for more than five years
To date, 38 states, as well as the District of Columbia, have legalized sports wagering since the US Supreme Court lifted the federal ban on the practice in May 2018.
Iowa opened its regulated sports wagering market more than a year after the US Supreme Court overturned the federal sports betting ban.
Local officials recently pitched a plan to the state’s gambling regulator regarding a proposed casino project proposed by the Linn County Gaming Association and its partner Peninsula Pacific Entertainment.
The completed destination would be home to a casino with 700 slot machines and 22 table games. The site would also feature a 1,500-seat entertainment venue, several restaurants, bars and an arts and cultural center.
