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State gaming statistics show that for the second year in a row, the 19 casinos spread across Iowa have seen a decline in both attendance and revenue. On the other hand, fiscal 2024 saw record-breaking legal sports betting. In all, gamblers put roughly $11.8 million every day at sportsbooks and casinos regulated by the state.
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Lots of states are setting new records this November. I wonder if this trend will continue on until February. Would be nice to see all the record-breaking markets (and hope that mine does, too!)
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Since its launch, Iowa's sports betting industry has contributed approximately $45 million in state taxes. Also, the state allocated the funds to various causes, including gambling addiction treatment programs, charity endeavors, and tax incentives for charitable giving.
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Yeah December's handle was much lower, and most states report lower win rates. It was a good month for bettors, it seems.
Getting insights on the sports betting industry from the bookie point of view never ends. Its how we get better.
December was a bad month for sportsbooks, especially brick-and-mortar ones. Their net revenue was in the red after losing $545,000 in December.
I think most favorites in the NFL covered the spread, which made it easier for bettors to pick winners.
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