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FanDuel retains top spot as Iowa betting revenue and handle climb


The Iowa Racing and Gaming Commission reported a year-on-year increase in sports betting revenue and handle in the US state in July, with FanDuel partner Diamond Jo Casino in Dubuque retaining top spot in the market.

Total market revenue for the month amounted to $7.1m, up 222.7% from $2.2m in July last year, but 15.5% lower than $8.4m in June this year.

Revenue from online wagering in July reached $6.2m, while the remaining $936,793 was generated at retail sportsbooks across the state.

In terms of handle, consumers spent a total of $88.9m betting on sports during the month, some 288.2% higher than $22.9m in July 2020, but 20.1% lower than $111.2m in June this year.

Players spent $77.9m betting online and $11.0m at retail facilities, winning $81.8m in the process.

FanDuel and the Diamond Jo Casino in Dubuque led the way with $1.5m in revenue in July, $1.46m of which was generated online, compared to just $15,518 at its retail sportsbook, while players spent $12.7m with the operator.

Jefferson’s Wild Rose Casino ranked second with $1.2m in sports wagering revenue for the month, all of which came from online, with retail turning a loss of $2,348. A total of $10.2m was wagered by customers.

Prairie Meadows Racetrack & Casino, which is partnered with William Hill, had the highest handle of the month – with $12.69m being marginally ahead of the Diamond Jo Casino in Dubuque on $12.68m – but was only able to turn a revenue of $698,313, the fifth highest in Iowa for July.