Iowa sports betting handle up 50.4% year-on-year in February

Mobile wagering reached $195m in February.

03/14/22

According to the Iowa Racing and Gaming Commission, the state´s sports betting handle was $215.9m in February.

US.- Iowa’s sports betting handle was up by 50.4 per cent year-on-year to $215.9m in February. Revenue was up by 11.7 per cent year-on-year.

However, although the value of bets was significantly higher than the $143.6m spent in February 2021, it was down 28.8 per cent compared with the $303.3m wagered in January of this year. Mobile wagering accounted for the majority of sports betting in the state at $195m, up 55.8 per cent year-on-year. Retail bets reported $20.9m, up 13.6 per cent from February 2021.

Revenue for the month across all channels amounted to $8.6m, up from $7.7m in the same month in 2021. Online revenue was 33.3 per cent higher than in 2021. Retail revenue was $589,920.

Diamond Jo Casino in Worth´s FanDuel sportsbook reported $1.5m in combined online and retail revenue and a multi-channel handle of $28.8m. The Wild Rose Casino Jefferson’s DraftKings reported $1.5m in revenue off a handle of $25.7m, while the Diamond Jo Casino in Dubuque´s FanDuel sportsbook registered a $37.4m and revenue of $963,736.

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