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Iowa sports betting revenue rockets 920.5% YoY in February


The Iowa Racing and Gaming Commission has reported a 920.5% year-on-year increase in sports betting revenue in February, though both revenue and handle were down from January’s record results.

Revenue for February amounted to $7.7m, up from $755,334 in the same month in 2020, but 31.8% lower than the record $11.3m posted in January of this year.

Online sports betting accounted for $6.0m in total revenue for the month, while retail reached $1.7m.

In terms of handle, consumers in Iowa wagered $143.6m on sports, up 152.4% from $56.9m, but slightly down from a record $149.5m in January.

Some $125.2m was wagered across online platforms in February, compared to $18.4m at retail sportsbooks facilities in the state.

Players won a total of $135.9m from sports betting in the month, while operators paid $520,444 in sports wagering tax.

William Hill’s sportsbook at Penn National Gaming’s Prairie Meadows Racetrack and Casino remained the top-performing operator in February, posting $1.4m in revenue off a handle of $16.9m.

Diamond Jo Casino in Dubuque, which has a Fanduel sportsbook, ranked second with $988,499 in revenue, but saw a state-high handle of $21.4m.

The Wild Rose Casino Jefferson’s DraftKings sportsbook was third with $852,712 in revenue off a handle of $19.0m for the month.

Q Casino was the only operator to post a loss in February, reporting a $2,135 loss from sports betting and a handle of $1.0m.