Iowa sports betting generates $5m for September

Sports betting generated revenue of $5m in Iowa for September, an increase of 127% from the previous month.

Iowa

Total handle rose from the $8.6m recorded in August to the $38.5m made last month, according to figures released by the Iowa Racing and Gaming Commission.

Internet sports betting made revenue of $2m across the state, 41% of the state’s total.

Prairie Meadows Racetrack and Casino generated revenue of $1.5m, the highest total amount for an individual operator in Iowa.

It also took the highest total in online operations, generating revenue of $1.2m.

Ameristar II took the most from land-based operations, producing revenue of $613,219.   

Wild Rose’s three venues are the only operators in the state that are yet to offer sports betting, while several brands are currently unavailable online.

Iowa became the 11th state to legalise sports betting and went live on 15 August. Currently, no state bordering Iowa has regulated sports betting.   

While several operators took their first bets in August, September provided a more accurate picture of the potential behind Iowa sports wagering as it saw the start of the college and professional American football seasons and mobile betting apps were launched.

With a tax rate of 7% set on operator’s net receipts, the state took $334,553 for September.  

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Svenska Spel
MGM Resorts International
Sportsbet
Victorian Gambling and Casino Control Commission (VGCCC)
Las Vegas Sands Corp.
Follow Us

Facing facts: Nevada vs Macau

How is the Nevada gaming market faring against Macau? Gambli...

Taking stock: Kicking off 2025

Gambling Insider tracks online casino operator and supplier...

Responsible gambling: Who is morally, practically and legally responsible?

Within the ethical complexities of gambling, how much onus f...

Account limits: Legality and fairness in the UK

Paul Sculpher, Director of GRS Recruitment and regular Gambl...

Analysing sports betting data from the Australian Open

Sports betting supplier Betby provides Gambling Insider with...

Company profile: Digitain

Discover Digitain: BUILT TO LEAD iGaming Solutions....

Company profile: DS Virtual Gaming

For two decades, DS Virtual Gaming has been at the forefront...

Exploring X Games' move to sports betting

Gambling Insider’s Megan Elswyth speaks to X Games CEO Jer...