First question that stands out: Why would religion lower intelligence?
On a very large (evolutionary) scale, one could reason that we may be headed towards lower IQ in general is the prevalence of higher birth rates among people of lower education and IQ. But given that intelligence as a learned/raised trait vs. intelligence as genetic, an environmental factor as simple as a lack of money for good textbooks could probably outdo hundreds of years of "devolution" due to higher birth rates. The worst you may get is a large social stratification and a huge low-education mass if public education continues to deteriorate. Less educated people give birth to more children, who are trapped in a cycle of poverty. Similar to how there are huge numbers of uneducated people still in developing countries (and even in developed ones.)
My bet, if there is actually any basis for "devolution" (though all the reports that I've read have shown the opposite,) it simply rests in schooling. Perhaps Western/American schooling quality has dropped recently (I feel like that's an incredibly likely explanation, given the state of the American education system.) Though that said, common markers for intelligence (IQ tests,) have gone nowhere but up, though this may not be as much a case of people getting smarter, but simply being better acquainted with the more standard test format.
I'll also point out that "devolution" is a bit of a misnomer, as humans would still be evolving if we were moving towards less intelligent individuals.
Still, the more you know...
cheers