Iowa Sports Betting Improves in June
It looks like sports betting is finally returning as Iowa sports betting improves in June. A lot of betting software development services are also getting a lot of new clients who want to get a share of players who are looking for online sports betting opportunities. And if Iowa’s handle is any indication, then we will be seeing better news for the industry in the next few weeks.
While we are seeing more activity in providers of sportsbook pay per head services, we are also seeing an increase in online casinos, retail casinos, and online sportsbooks. For instance, Iowa has been steadily improving since May. Let’s take a look at the data.
Iowa Sports Betting
Last May, the total sports betting handle was a paltry $6.976 million. This jumps to a whopping 82.2% increase at $12.711 million. The sports betting revenue for May is $501,062. This increases by 23.9% to $620,740. As for mobile sports betting data, May has a $6.976 million handle. This increases by 66% to $11.581 million in June.
The numbers are similar to what you will see with bookies from pay per head providers. This is expected to rise, as we will be seeing more sports events towards the end of July. UFC and NASCAR were back as early as May, and the PGA Tour was in June. Casinos also reopened in June, which may also be a factor in better numbers. But many fans are waiting for the NBA< NHL, and MLB to resume their seasons soon. Currently players from these leagues are all in training camp.
Many experts think that the numbers for June may have been better, had people been allowed to play without needing to register in person to be able to bet. Iowa has this provision in the law, and will have this for at least 6 more months. The physical registration requirement will be lifted starting January 1, 2021.
