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Iowa sports betting handle down 10.2% year-on-year in February


Player spending on sports betting in Iowa declined 10.2% year-on-year in February, though the state was able to report an increase in revenue.

Handle for the month reached $193.9m, which was down from $215.9m in February 2022 and also 17.1% behind the $233.9m wagered by consumers in January of this year.

Of this total, $176.2m was spent betting online, while the remaining $17.7m was wagered at retail sportsbooks.

In terms of revenue, this reached $11.9m, an increase of 39.4% from $8.6m last year but 27.9% lower than $16.5m in January 2023.

Online betting generated $12.5m in revenue, but a $597,728 loss from retail betting meant total revenue was lower for the month.

Diamond Jo in Dubuque and its FanDuel sportsbook remained the market leader with $4.5m in revenue off $44.0m in total wagers.

Wild Rose in Jefferson and DraftKings placed second with revenue of $1.9m and a $32.0m handle, then sister property Wild Rose Clinton, also partnered with DraftKings, on $1.7m from a $25.1m handle.

Sports betting tax for the month amounted to $789,626.