September’s sports betting activity smashed Iowa’s previous monthly record of $150 million set in January of 2021.
Mobile sports betting operators reported accepting $186.5 million in wagers accounting for 88.6% of all bets made during September, over $90 million more than the previous month. Meanwhile retail sportsbooks reported taking in $23.9 million, almost double the amount reported in August.
Payouts through mobile operators totaled just over $185 million while retail payouts through casino sportsbooks totaled $19.6 million. Online net receipts came to $1.5 million while retail net receipts totaled $4.2 million. The combined net receipt total of $5.7 million yielded state taxes of $512,951.23.
The Isle Casino Hotel Waterloo once again led the sports betting market as its sportsbook accepted $33.6 million in wagers of which $33.2 million were made through the casino’s online sportsbook. Diamond Jo Dubuque reported an overall sports betting handle of $27.9 million while the Wild Rose Jefferson followed closely behind with a handle of $27.8 million. Wild Rose Clinton was next on the list as its sportsbook accepted $24.9 million in wagers for the month.
Iowa Sportsbooks Smash Monthly Record as Sports Betting Activity Jumps by 94%Image credit: Baishampayan Ghose / CC BY-SA 2.0
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.