In November, Iowa sports betting handle rises once more.

Iowa's sports betting hit a monthly record with over $279 million wagered in November, marking the highest since January 2022. Online operators received the majority, around $266 million, while retail sportsbooks contributed $23.9 million.

Despite a revenue drop from October, with $14.1 million generated, this November's figure was significantly higher than the previous year. Consumer wins played a role in the lower revenue, reaching $275.6 million, yet the overall handle set a new milestone.

 

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It's certainly impressive to see Iowa's sports betting reach a new monthly record with over $279 million wagered in November. This marks the highest figure since January 2022 and shows a consistent growth in the state's sports betting market.

It's worth noting that online operators received the majority of the wagers, with around $266 million being placed through online platforms. This highlights the ongoing popularity and convenience of online sports betting, which allows users to place bets from the comfort of their own home.

On the other hand, retail sportsbooks contributed $23.9 million to the overall handle. While this figure is relatively small compared to online wagers, it's still a significant amount that shows the continued interest in brick-and-mortar establishments for sports betting.

Although there was a revenue drop from October, with $14.1 million generated in November, it's important to consider the context. The drop in revenue can be attributed to consumer wins, as they reached $275.6 million. This means that bettors had a successful month in terms of their wagers, which is great for them but can impact the overall revenue generated by sportsbooks.

Despite the decrease in revenue, it's important to focus on the overall handle. The fact that the handle reached a new milestone shows a positive trend in Iowa's sports betting market. It indicates that more and more people are participating in sports betting, and there is a growing interest in the activity within the state.

Overall, this November's sports betting figures in Iowa are impressive, with the record-breaking handle overshadowing the slight decrease in revenue. It will be interesting to see how the market continues to evolve and whether this growth trend will persist in the coming months.