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Iowa betting revenue rockets in November


The Iowa Racing and Gaming Commission (IRGC) has reported a 125.0% year-on-year rise in sports betting revenue in November, after amounts wagered grew 47.1% for the month.

Revenue for the month amounted to $8.1m, up from $3.6m in the same month last year, but down 11.0% from $9.1m in October this year.

Online was again the main source of income for operators in Iowa, with revenue reaching $5.3m, up from $1.5m in November 2019, but again lower than October 2020’s total, of $6.4m.

Retail revenue climbed 38.1% year-on-year to $2.9m, while this figure was also 7.4% higher than $2.7m posted in October 2020.

In terms of spending, the state’s handle hiked 47.1% from $59.3m in November last year to $87.2m. This total was also 6.5% higher than the $81.9m spent in the previous month.

Online spending stood at $62.4m, up 85.2% on last year, while the state’s retail handle fell slightly from $25.7m to $24.8m.

In terms of individual operators, William Hill’s sportsbook at Penn National’s Prairie the Prairie Meadows Racetrack and Casino led the Iowa market in November with $1.8m in revenue from $19.2m in wagers.

Diamond Jo in Worth’s FanDuel sportsbook placed second with $1.0m in revenue and a handle of $8.8m, followed by Penn National venue Ameristar II with $879,256 in revenue from $5.3m in wagers.