The Iowa Racing and Gaming Commission has released its latest sports wagering monthly revenue report revealing that the state’s licensed sports betting operators accepted $108.4 million in bets throughout the month of August. This marks a 22% increase on July’s sports betting handle of $88.9 million.
Mobile sports betting accounted for 87% of the overall handle as online sportsbooks accepted over $96 million in wagers during the month. Meanwhile retail sportsbooks located at the state’s casinos took in $12.3 million in bets. Online payouts amounted to $91.3 million while retail payouts totaled $10.4 million.
Mobile net receipts amounted to $4.7 million while retail net receipts came to $1.9 million. The state’s combined net receipts of $6.6 million generated state taxes of $486,608.
Iowa Sports Betting Activity Grows by 22% During August as Industry Recovers from Mid-Summer SlumpThe report also reveals that American Wagering Inc. was once again the mobile market leader with an online sports betting handle of $34.8 million. Crown IA Gaming LLC took second place on the list as its online sportsbooks accepted $29.8 million in bets throughout the month.
Based in London, Natasha is a former sports journalist with experience working for some of the biggest athletes & brands in the world of sports and iGaming.