Monthly sports betting handle in Iowa increased year-on-year to $245.8m in September but revenue in the Hawkeye State declined.
Players spending on sports betting in Iowa was 22.8% ahead of the $200.2m wagered in September 2022. The monthly handle was also 74.1% higher than $141.2m in August this year.
Of the total bet in September, $222.3m was spent online and $23.4m at retail sportsbooks across Iowa.
As for revenue, sports wagering net receipts for the month amounted to $24.1m. This was 5.1% lower than $25.4m in September last year but 78.5% more than $13.5m in August of 2023.
Online sports betting accounted for $20.9m of revenue in September and retail wagering $3.1m.
Diamond Jo Dubuque retains top spot in Iowa
Looking to individual operators, Diamond Jo in Dubuque and partner FanDuel remain out on front in Iowa. The partnership heralded $6.0m in revenue from $52.6m in total wagers in September.
Wild Rose in Jefferson and partner DraftKings placed second with $3.4m in revenue. This came off of a $42.0m sports betting handle for the month.
Sister property, the Wild Rose in Clinton, followed in third with sports betting revenue of $2.8m. The casino, which is also partnered with DraftKings, processed $31.7m in total wagers in September.
Other standout operators in Iowa included the Wild Rose in Emmetsburg, another DraftKings partner, with $2.6m in revenue off $26.0m in bets. Diamond Jo in Worth, which also works with DraftKings, posted $2.6m in revenue from $21.7m in bets.
Sports betting tax for August reached $1.6m, with players winning a total of $221.7m.