Iowa’s Sports Betting Surges with $245.8m Handle in September

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In September 2022, players in Iowa spent 22.8% more on sports betting compared to the previous month, with a total wager of $200.2m.

The monthly handle for September was also 74.1% higher than August, reaching $141.2m.

Out of the total bet in September, $222.3m was spent online, while $23.4m was spent at retail sportsbooks in Iowa.

In terms of revenue, sports wagering net receipts for September amounted to $24.1m.

This figure was 5.1% lower than September last year but represented a significant increase of 78.5% compared to August of 2023, which saw $13.5m in revenue.

Online sports betting accounted for $20.9m of the revenue in September, while retail wagering contributed $3.1m.

Among the operators in Iowa, Diamond Jo in Dubuque and partner FanDuel held the top spot.

Their partnership generated $6.0m in revenue from a total of $52.6m in wagers for September.

Wild Rose in Jefferson and partner DraftKings secured the second position, with $3.4m in revenue from a $42.0m sports betting handle.

Sister property, the Wild Rose in Clinton, followed in third place with sports betting revenue of $2.8m.

The casino, also partnered with DraftKings, processed $31.7m in total wagers in September.

Some other notable operators in Iowa included the Wild Rose in Emmetsburg, another DraftKings partner, with $2.6m in revenue from $26.0m in bets, and Diamond Jo in Worth, which also works with DraftKings and posted $2.6m in revenue from $21.7m in bets.

In August, the sports betting tax reached $1.6m, and players won a total of $221.7m.

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Stue Temoha is an expert writer with a profound passion for gambling and online gaming. With a career spanning over a decade, Stue has established himself as a trusted authority in the industry, offering deep insights into casinos, sports betting, poker, and the latest trends in online gambling. His writing is distinguished by meticulous research, clear analysis, and an engaging narrative style that demystifies complex concepts for readers of all levels. Stue's articles are a go-to resource for detailed reviews, strategic advice, and up-to-date industry trends, helping both novice and experienced gamblers navigate the dynamic gaming landscape.
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