The Iowa Racing and Gaming Commission has released its latest monthly revenue report revealing that the state’s licensed sports betting operators took in over $216.5 million, in wagers during the month of February.

DraftKings is once again the market leader for both the overall market and the mobile sports betting market with over $4.8 million in revenue from $107.7 million in wagers.

The latest figures mark a 2% drop in revenue compared to the previous month’s handle of $237.2 million.Mobile sports betting accounted for 91.75% of all wagers as online sportsbooks accepted over $265.8 million in wagers. 

Despite reporting a slight drop in revenue the sportsbooks combined generated $14 million in revenue from a win percentage of 4.86%.

This was a 41.9% decrease from the previous month but a 141.3% jump year-on-year. So far in 2023, sportsbooks have generated $172.5 million in revenue, a 19.1% increase on the same period in 2022.