Revenue from sports betting in Iowa fell 8.5% year-on-year to $18.2m (£14.4m/€16.8m) in March despite the Hawkeye state reporting an increase in handle.
Player spending on sports betting in March amounted to $272.4m. This was 17.1% ahead of $232.6m in Iowa last year and also 23.5% higher than $220.6m in February.
Online handle in March reached $254.2m, while a further $20.4m was wagered at retail sportsbooks across the state.
However, higher spending failed to halt a decline in revenue. The $18.2m generated during March was down from $19.9m last year but 52.8% ahead of February’s $11.9m haul.
Revenue from online sports betting hit $16.5m, while retail’s share amounted to $1.7m.
FanDuel and Diamond Jo Dubuque lead the pack in Iowa
FanDuel and partner Diamond Jo Dubuque remain the market leaders in Iowa by some distance. For March, the partnership heralded $5.3m in revenue from $69.2m in total bets.
DraftKings and Wild Rose Jefferson kept hold of second place, reporting $2.9m in ..