ONLINE DRIVES IOWA SPORTS BETTING GROWTH IN AUGUST
Iowa’s licensed sportsbook operators collected total wagers of $50.3m in August, of which more than two-thirds was generated online.
Total wagers from the state’s 18 licensed sportsbooks increased by 120 per cent compared to the previous month’s $22.9m total, with online sports betting contributing $35.0m and retail sports betting $15.3m.
The William Hill sportsbook at Prairie Meadows Racetrack & Casino maintained its market leadership position with $14.2m in wagers, including $13.3m from online.
The next biggest operator was the DraftKings sportsbook at Wild Rose Jefferson with wagers of $5.5m (including $5.4m from online), ahead of William Hill/Isle Casino Hotel Waterloo’s $4.3m ($4.2m online) and Ameristar II’s $3.9m, all generated from retail.
Riverside Casino and Golf Resort collected wagers of $3.7m in August, with Diamond Jo-Worth taking $3.0m in wagers, and Isle of Capri Bettendorf booking $2.3m during the month, just ahead of Q Casino’s $2.2m.
Horseshoe Casino Council Bluffs generated wagers of $1.9m during the month, ahead of Catfish Bend Casino’s $1.4m, Grand Falls Casino Resort’s $1.3m, with Wild Rose Clinton and Hard Rock Casino both contributing $1.2m.
Rhythm City Casino, Wild Rose Emmetsburg and Lakeside Casino each generated a further $1.1m in wagers, with Diamond Jo Dubuque contributing $743,393 and Harrah’s Council Bluffs Casino & Hotel $149,249.
A total of $47.3m was paid out in player winnings in August, including $33.4m in online payouts, resulting in net receipts of $3.0m for the month, up from $2.2m in July. The state’s licensed operators paid out $202,316 to the state in taxes, compared to $151,919 last month.
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