Iowa sports handle tops $790 million for Q1 2025

Sports Betting

The Iowa sports betting revenue has been making record-breaking headlines since the state legalized online sports betting in 2023.

In the first-quarter Iowa again surpassed our expectations by recording a sports betting handle of  $794.0 million up 6%.

This milestone is the highest the state has recorded since 2023 and marks the third time the state’s betting handle surpassed $1 billion. This surge shows how successful the sports betting industry has been in the state.

The online age is certainly here, and Ohio’s sports bettors enjoy betting on their devices more than queuing at a brick-and-mortar sportsbook. According to data from the Ohio Casino Control Commission, of the $1 billion handle wagered in January of 2025, roughly $992 million came from online sports betting. With retail bets amounting to just $19 million during the same period.

However, sportsbooks generated $81.1 million in taxable revenue – 28.6% lower than in January last year. While the year-on-year return was lower, this is still 42% above December’s revenue. To put that into perspective, Ohio’s monthly taxable income record was set in January of 2023, when $209 million was collected from sports betting taxes.

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