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Iowa sports betting revenue up year-on-year in October despite handle dip


Sports wagering revenue in Iowa rocketed by 189.4% year-on-year in October despite the state’s handle falling 15.0%.

Revenue for the month amounted to $19.1m, up from $6.6m in the same month last year, but 24.8% lower than $25.4m in September of this year.

Of this total, $16.4m was attributed to online sports betting, while the remaining $2.7m came from wagering at retail sportsbook facilities across the state.

In terms of handle, consumers wagered $238.8m on sports during October, a drop from $280.9m in the corresponding month in 2021, but 19.3% higher than $200.2m in September this year.

Online betting accounted for $219.7m of all wagers in October, while retail betting spend was $26.0m.

Diamond Jo in Dubuque, which runs a FanDuel sportsbook, remained the state’s leading operator with $4.7m in revenue from $51.1m in bets.

Sister property Diamond Jo in Worth, which also has a FanDuel sportsbook, ranked second with $3.2m in revenue off $26.0m. In third was Wild Rose in Jefferson and DraftKings with $2.2m in revenue and a $34.9m handle.

The Iowa Racing and Gaming Commission (IRGC) also revealed it took in $1.3m in sports betting tax was collected during the month.

Towards the end of the month, Las Vegas-based sports wagering business SuperBook Sports announced that it had launched online sports betting in Iowa.

The launch means SuperBook’s reach now extends to six states, with the operator also live in Arizona, Colorado, Nevada, New Jersey and Tennessee, with further roll-outs planned in other states.