Iowa sports betting revenue nearly doubles year-on-year in August

| By Robert Fletcher
Sports wagering revenue in Iowa reached $14.4m (£12.3m/€14.2m) during August, almost double the amount posted in the same month last year following a 12.4% rise in player stakes.

Revenue increased by 97.3% from $7.3m in August 2021, while the monthly figure was also 28.6% higher than $11.2m in July of this year. Of this total, $11.7m was attributed to online betting and $2.7m retail sportsbooks.

In terms of handle, players wagered $122.6m on sports during the month, up from $109.1m in August last year and 12.9% ahead of $108.6m in July. Consumers spent $110.1m betting online and $12.5m at retail facilities.

Looking at the performance of individual operators, Diamond Jo in Dubuque, which has a FanDuel sportsbook, topped the charts in terms of both revenue and handle. The operator posted $3.3m in revenue from $29.7m in player wagers during the month.

Sister property Diamond Jo in Worth, which also has a FanDuel sportsbook, was next with $2.2m in revenue and a $16.4m handle, then Wild Rose in Jefferson and DraftKings with revenue of $1.7m from $17.2m in bets,

The Iowa Racing and Gaming Commission also revealed that regulated sports betting activity in June generated $969,968 in tax revenue during the month.

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