2019_47_trustly.gif
2019_47_trustly.gif
2019_47_trustly.gif
CLOSE
× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine GGA 2019 AffiliateCon
NEWS 14 October 2019

Iowa sports betting generates $5m for September

By Matthew Enderby

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

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.  

RELATED TAGS: Online | Land-Based | Industry | Sports Betting | Financial
DISCUSS THIS ARTICLE
n2live.jpg
GI FRIDAY: WEEKLY NEWSLETTER
THE GI HUDDLE PODCAST
NEW! #006 - LISTEN NOW
Gaming Industry Conferences (22:37)
#005 - LISTEN NOW
The role of gambling media (27:11)
#004 - LISTEN NOW
What is the role of a Gambling regulator? (29:09)
#003
The Future of Gambling Sponsorship in Sport (30:50)
ANALYSIS
MUST READ
IN-DEPTH 15 November 2019
The customer is always right
READ MORE
PREMIUM CONNECTIONS