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Iowa sports wagers climb 50.4% YoY to $215.9m in February


Iowa’s sports betting handle increased 50.4% year-on-year to $215.9m in February, while the state also experienced an 11.7% rise in revenue.

The amount bet by players was comfortably higher than the $143.6m spent in February of 2021, but this total was 28.8% lower than the $303.3m wagered in January of this year.

Once again, the majority of bets were placed over the internet, with mobile wagers for the month amounting to $195.0m, up 55.8% year-on-year.

In contrast, retail bets totalled $20.9m, though this was 13.6% more than in February last year.

Revenue for the month across all channels amounted to $8.6m, up from $7.7m in the same month in 2021.

Online revenue was 33.3% higher than 2021 at $8.0m, while retail revenue continued to lag behind on $589,920, which was down 68.8% year-on-year from $529,920 last year.

Looking at individual operator performance for February, Diamond Jo Casino in Worth, which is partnered with FanDuel, ranked first with $1.5m in combined online and retail revenue and a multi-channel handle of $28.8m.

The Wild Rose Casino Jefferson’s DraftKings sportsbook was second with $1.5m in revenue off a handle of $25.7m, while the Diamond Jo Casino in Dubuque, which operates a FanDuel sportsbook, had a state-high handle of $37.4m, but revenue only reached $963,736.