Iowa sports betting handle reports $177.4m in April

In April, more than 91 per cent of bets were places online.
In April, more than 91 per cent of bets were places online.

The Iowa Racing and Gaming Commission has reported a decrease of 24 per cent compared to March but a 50 per cent rise from the same month last year.

US.- The Iowa Racing and Gaming Commission has reported sports betting handle of $177.4m for April. That’s a drop of 24 per cent from March’s total of $233.5m but a rise of 50 per cent year-on-year from $118.4m in April 2021.

More than 91 per cent of bets were placed online. Revenue was $12.4m, 14 per cent lower than in March but 61 per cent higher than April 2021. The state collected nearly $850,000 in tax receipts, raising the total for 2022 so far to more than $3.3m. Iowa’s tax revenue is running more than $650,000 ahead of 2021 through the first four months of the year.

DraftKings reported $44m in wagers placed during April, 32.1 per cent lower than the nearly $65m in March. Caesars registered $39.2m, Fanduel $38.4m and BetMGM $21m in wagers.

Iowa Racing and Gaming Commission opens applications for Linn County casino licence

In March, the Iowa Racing & Gaming Commission opened the licence application process for a new casino in Cedar Rapids, Linn County. After around 55 per cent of voters in Linn County, Iowa, said yes to a casino in Cedar Rapids in November, however the regulator could still deny a gaming licence.

Attempts to bring a casino to Cedar Rapids failed in 2014 and 2017. On both occasions, the Iowa Racing and Gaming Commission said a casino would take away from other nearby casinos – there are 19 licensed casinos in Iowa.

See also: DRF Sportsbook opens at Lakeside Casino in Iowa

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Iowa Iowa Racing and Gaming Commission sports betting