Iowa Sports Betting Handle for February Goes Down
The Iowa sports betting handle for the month of February takes a small dip. The state has been running a very successful sports betting market, as seen by its numbers in 2020. In addition, January 2021’s handle is the highest the state has ever recorded at $149.52 million. The surge in handle is credited to the expiration of a requirement that makes residents register in person. This pre-registration requirement is an additional roadblock to getting people to bet online, which was contradictory to what online betting stands for.
When you are learning what is a bookie, you will see that accessibility plays a big part in attracting customers. Here is a good sportsbook pay per head directory that lists valuable resources that can help you. In Iowa, lifting the in-person registration requirement does show us immediate improvements in the market. February’s dip, meanwhile, could also be attributed to February having fewer days.
Iowa Sports Betting Handle
Iowa’s revenue also dropped by 32% to $7.71 million. However, the use of online betting channels increased in this month. The total online sports betting handle for Iowa is $125.22 million. Retail handle is $18.40 million. The total online handle for the month is also a state record. For those who want to get into the business, such as to create a bitcoin sportsbook, you can do so easily so you can start earning from sports betting.
Feburary is a big month for football betting due to the Super Bowl. In the state, it makes up for 11.4% of all wagers- that’s $16.3 million worth of Super Bowl bets. Recently, the state is also allowing more skins for casinos, which means that we could see more sportsbooks in the market. And now that there is no more in-person registration, the betting numbers for the state is expected to rise in the next few months.
