Sports Betting On The Rise In Iowa; Record Set Last Month –

Sports Betting On The Rise In Iowa; Record Set Last Month –

Larchwood, Iowa — The coronavirus pandemic has slowed the state’s traditional gambling industry — but it has been a boom time in the past few months for the burgeoning sports betting side.

Iowa Racing and Gaming Administrator, Brian Ohorilko says the amount of money bet on sports or “handle” shot up last month.

(as said)”The month of September was 72 million dollars. That exceeds the highest month we’ve ever had in the state. Last year in November and December were previously our high months at 59 million,” Ohorilko says.

The sports wagering handle for the fiscal year that began in July is more than 145-million dollars and net sports wagering receipts are 10-point-four million dollars. The total net sports wagering receipts for the first-ever fiscal year was 25-point-seven million dollars. Sports betting started in mid-August of last year, but was shut down from mid-March until the end of May. Ohorilko says the increase in sports betting this fiscal year is due in part to the pandemic pushing back the N-H-L and N-B-A seasons, and the start of the football season. He says it is also due to a maturing of the industry.

(as said)”Last year at this time there were just a handful of operators and those operators were trying to understand and learn about the Iowa market,” according to Ohorilko. “We have quite a few more options for customers at this point in