The amount bet by players in sports betting was higher than the $143.6m spent in February 2021. However, it was 28.8% lower than the $303.3m wagered in January of this year.
Majority of bets were placed online, with mobile wagers for the month totaling $195.0m, a 55.8% increase compared to the previous year. On the other hand, retail bets amounted to $20.9m, showing a 13.6% increase from February last year.
The revenue for the month across all channels reached $8.6m, up from $7.7m in the same period of 2021. Online revenue saw a significant rise of 33.3% to $8.0m, while retail revenue had a decrease of 68.8% year-on-year to $589,920.
Examining individual operator performance in February, the Diamond Jo Casino in Worth, 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 followed with $1.5m in revenue and a handle of $25.7m. The Diamond Jo Casino in Dubuque, operating a FanDuel sportsbook, had the highest handle in the state at $37.4m, but recorded revenue of only $963,736.
