Iowa posted sports wagering handle figures of $118.4m for April 2021, representing a 7438.9% increase from April 2020 when almost all major sporting events were suspended, but a decline from the previous month.
Overall net sports wagering receipts fell to $7.7m, down from $13.5m last month, but this was up from just $150,000 a year prior.
Retail handle fell 37.2% month-on-month to $13.8m, and internet handle decreased 25.0% to $104.5m for total handle of $118.4m, down 26.6%.
After sports betting was officially legalized within the state in 2019, vendors were able to take advantage of new rules allowing online registration in 2020 with lucrative results.
Diamond Jo Casino’s Dubuque branch, which has a FanDuel sportsbook, was the best performer, generating $18.5m. The William Hill affiliated Isle Casino Hotel Waterloo came in second with $17.9m – a 36.4% increase from last month – whilst the Wild Rose Jefferson branch’s DraftKings sportsbook rounded out the top three with a figure of $15.9m.
Payouts across the board also fell within the state; sports wagering payouts were down 25.2% to $110.6m, retail payouts went from $18.9m in March to $12.8m in April, and internet payouts dropped 24.1% to $97.8m.
The amount of state tax paid in April fell significantly compared to March, from $908,011 to $521,454.