Iowa sports betting makes $2.2m revenue in first 17 days

After authorising sports wagers on 15 August, Iowa went on to generate $2.2m in sports betting revenue for the month.

Iowa

The Hawkeye State registered handle of $8.6m in its first 17 days of sports betting operations.

Iowa was the first state to launch online sports betting on the same day as retail but, to wager online, bettors must first register in-person at one of the state's casinos.

Online sports betting made revenue of $424,129 for August, with William Hill and Elite Sportsbook powering operations for seven of the 19 casinos.

DraftKings and FanDuel are both licensed in the state, with their launches pending.

FanDuel partnered with Boyd Gaming to offer sports betting at two Diamond Jo Casinos in the state, while DraftKings signed with casino operator Wild Rose.

Prairie Meadows Racetrack and Casino was the top taker in Iowa for both retail and online, registering revenue of $295,748 and $237,023, respectively.

Ameristar II, which does not currently offer online sports betting, made the second-highest total for August, $480,650.

Taxes of $145,915 were paid in August, based on Iowa's rate of 6.75%, one of the lowest in US sports wagering.

Premium+ Connections
Premium

PIN-UP Partners

 
Premium

Digitain

 
Premium

RISK

 
Premium

GammaStack

 
Premium

Imagine Live

 
Premium

Sport Generate

 
Premium

1xBet Partners

 
Premium

Lynon

 
 
Premium

Galaxsys

 
Premium

Revsharks

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...