ONLINE GROWTH DRIVES IOWA SPORTS BETTING MARKET IN FEBRUARY
Iowa’s licensed sportsbooks collected total wagers of $143.6m in February 2021, with online wagers now accounting for more than 87 per cent of the total.
Continuing their strong start to the year, Iowa’s 18 operational sportsbooks saw wagers soar by 152 per cent year-on-year, with online sports wagers climbing 231 per cent to $125.2m, offsetting a 4 per cent decline in retail wagers to $18.4m.
Total payouts during the month amounted to $135.9m, generating total sports betting net receipts of $7.7m, a significant increase on the $755,334 total in February 2020.
IOWA SPORTS BETTING HANDLE: FEBRUARY 2021 (US$)
|Isle Casino Hotel Waterloo||21,578,779||277,132||21,855,912|
|Diamond Jo Dubuque||20,844,497||516,525||21,361,021|
|Wild Rose Jefferson||18,817,645||177,559||18,995,203|
|Prairie Meadows Racetrack & Casino||15,950,836||929,857||16,880,693|
|Diamond Jo Worth||7,524,401||4,182,380||11,706,781|
|Wild Rose Clinton||10,859,502||199,330||11,451,646|
|Wild Rose Emmetsburg||8,827,568||156,481||8,984,049|
|Catfish Bend Casino||4,972,935||257,910||5,230,845|
|Horseshoe Casino Council Bluffs||2,581,038||2,247,763||4,828,801|
|Rhythm City Casino||2,492,169||543,121||3,035,290|
|Riverside Casino and Golf Resort||2,492,169||532,354||3,024,523|
|Isle of Capri Bettendorf||2,195,180||362,349||2,557,530|
|Hard Rock Casino||894,420||859,746||1,754,166|
|Grand Falls Casino Resort||565,224||1,154,240||1,719,464|
|Harrah’s Council Bluffs Casino & Hotel||672,111||177,523||849,634|
For the second consecutive month, there was a new market leader in the state as Isle Casino Hotel Waterloo collected wagers of $21.9m, ahead of Diamond Jo Dubuque’s $21.5m and Wild Rose Jefferson’s $19.0m.
Former market leader Prairie Meadows Racetrack & Casino was the fourth biggest operator with wagers of $16.7m in February, comprising $16.0m from online and $929,857 from retail, while Diamond Jo-Worth booked wagers of $11.7m during the month, ahead of Wild Rose Clinton’s $11.5m and Wild Rose Emmetsburg’s $9.0m.
In terms of online handle, the biggest operator in February was Isle Casino Hotel Waterloo (and partner William Hill) with wagers of $21.6m, ahead of Diamond Jo Dubuque (and FanDuel) with $20.8m, Wild Rose Jefferson (and partners DraftKings and BetRivers) with $18.8m, and Prairie Meadows Racetrack & Casino (and William Hill) with $16.0m.
The biggest retail operator was Ameristar II with wagers of $4.5m, ahead of Diamond Jo Worth’s $4.2m and Horseshoe Casino Council Bluffs’ $2.2m.
Overall, licensed operators paid out $520,444to the state in taxes during the month, an increase of 431 per cent compared to February 2020.
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