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FanDuel still on top as Iowa records sports wagering revenue increase


Iowa recorded sports wagering revenue figures of $8.4m (£6.1m/€7.1m) for June – a 1254.8% increase on the same time last year.

The figure posted also represents an increase of 37.7% from the previous month.

The handle for sports wagering decreased compared to May, dropping 3.2% to $111.2m. The payouts to customers also decreased to $102.8m, down from $108.7m last month. Compared to last year however, handle has skyrocketed by 775.6%, whilst payouts rose by 749.6%.

The number of retail bets being placed has increased to reflect the constant easing of coronavirus restrictions. $16.1m was wagered in retail outlets in June, compared to $14.9m in May. Overall revenue from retail venues increased, rising to $2.0m, in contrast to the $41,321 loss suffered last year.

Cancelled sporting events such as the Olympics and Euro 2020 have been allowed to go ahead this year, which has contributed to the increase in wagering.

Diamond Jo Casino, with its FanDuel sportsbook, was the highest earner in the state. The Dubuque branch of the Diamond Jo brand generated $1.3m of revenue, as did the Worth branch. While Dubuque’s revenue fell 13.3%, Worth’s increased by 32.7% from last month.

Jefferson’s Wild Rose casino (which uses a DraftKings sportsbook) was third highest with $1.2m, while Prairie Meadows Racetrack and Casino had the highest sports wagering handle – $19.5m.