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Iowa registers $45m in sports wagers in October

iowa sports wagers october
Statewide, Iowa casinos registered US$5.6 million in net revenues from sports betting.

Casinos in Iowa registered more than US$45 million in sports wagers in October, as handle posted a 20.7% rise from September.

US.- The Iowa Racing and Gaming Commission has announced that in October, the state registered US$46.5 million in sports bets. Handle rose 20.7% from September operations, when the state registered US$38.5 million in handle.

Statewide, casinos registered US$5.6 million in net revenues from sports betting, and a hold of 12.2%. The state received US$381k from sports betting taxes in October, raising the figure to US$861k since the legalisation of the segment.

While the percentage of handle fell in October to 55.7% from 56.6% in September, mobile bets continue to dominate the sports betting market in Iowa.

Moreover, Prairie Meadows was the top scorer in Iowa during October, as the facility registered US$17.8 million in sports bets and collected US$1.7 million in revenue. Approximately US$1.5 million of the revenue came from mobile bets, and 91.4% of all bets placed with the William Hill sportsbook happened through mobile devices.

September’s results

September was the first full month of operations, and casinos in the state reported approximately US$40 million in bets in September. Grand Falls in Larchwood generated US$1.1 million in revenue from sports bets. Hard Rock Sioux City kicked off its sports betting operations on September 22 and managed to collect US$300k in wagers.

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