The Iowa sportsbook handle for the month of December 2020 reaches the $100 million mark. The feat is the first time that the sports betting industry in Iowa hit a 7-digit betting handle. It’s a good end to a somewhat chaotic year. Much like PricePerPlayer.com, many online pph providers also saw better numbers on online sportsbooks towards the end of the year.
For those wanting to get into the industry, SportsbookPayPerHead.com also offers good resources to help you. After all, given the numbers in the betting market of Iowa, 2021 might be a better year for the industry. The total sports betting handle for the state in December is $104.8 million. This is 20.2% higher than November’s handle of $87.17 million.
Iowa Sportsbook Handle
The increase in handle is consistent for the state, seeing the fourth consecutive rise in betting handle per month, giving an impressive Q4 handle for one of the country’s biggest betting markets. And if we take a closer look at the handle, we will see that mobile betting is king. As any pay per head bookie will tell you, the advantage of an accessible betting platform makes the market increase as more people get access to online sportsbooks. In Iowa’s case, the mobile handle is $78.07 million, which is 74.5% of the total handle.
For 2020, the total sports betting handle in Iowa is at $575.24 million. The total revenue for the state throughout the year is $41.61 million. Again, these are good numbers during a pandemic. In fact, many in the local betting market are looking forward to better numbers in 2021. Mainly because in-person registration for sports betting ends January 1. There are also new sportsbooks in the market, which means people will have more betting options available.