• About Us / Contact
  • Responsible Gambling
This site contains commercial content
SportsHandle
  • US Sports Betting
    • Arizona
    • Arkansas
    • Colorado
    • Connecticut
    • Delaware
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Mississippi
    • New Jersey
    • New Mexico
    • New York
    • Ohio
    • Oregon
    • Pennsylvania
    • Tennessee
    • Virginia
    • West Virginia
    • Wyoming
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
    • North Carolina
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel
    • BetMGM
    • Caesars
    • PointsBet
    • BetRivers
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News
No Result
View All Result
SportsHandle
  • US Sports Betting
    • Arizona
    • Arkansas
    • Colorado
    • Connecticut
    • Delaware
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Mississippi
    • New Jersey
    • New Mexico
    • New York
    • Ohio
    • Oregon
    • Pennsylvania
    • Tennessee
    • Virginia
    • West Virginia
    • Wyoming
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
    • North Carolina
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel
    • BetMGM
    • Caesars
    • PointsBet
    • BetRivers
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News
No Result
View All Result
SportsHandle
No Result
View All Result

Iowa Sports Betting Handle Rebounds, Clears $50 Million In August

Hawkeye State hits milestone for fifth time since legalizing sports betting in August 2019

Chris Altruda by Chris Altruda
September 14, 2020
in Industry
Photo by Shutterstock.com

Photo by Shutterstock.com

Share on FacebookShare on Twitter

Reflecting the nationwide trend that came with more sports betting options in the month of August, bettors in Iowa did their part to be counted as the state’s Racing and Gaming Commission reported handle of $50.3 million.

It was more than double July’s $22.8 million handle and the fifth-highest total since sports betting launched in Iowa in August 2019. The handle for this August was more in line with months reported prior to COVID-19 restrictions as the IRGC reported at least $55 million in handle for four consecutive months from November to February.

With in-person registration to gain access to mobile sports betting appsΒ still in effect until the provision sunsets at year’s end, Iowa’s sports betting handle has been a more gradual climb to pre-COVID levels. Handle fell below $1.6 million in April during the height of restrictions when the state’s 19 casinos were shuttered.

Those casinos generated sports betting revenue of slightly more than $3 million, resulting in a hold of 5.97% in August. That is well below July’s hold of 9.82%, but the substantial increase in handle contributed to a 33.9% increase from July’s gross gaming revenue of more than $2.2 million. Iowa collected $202,316 in August, and the state surpassed $2 million in tax revenue since launching last year.

Iowans still making the trip to the sportsbook

Though mobile sports wagering was the primary driver of handle, totaling just under $35 million, it represented 69.55% of handle. That percentage was an incremental increase when breaking out mobile handle within overall handle pre-COVID-19 restrictions, but in removing the months when the pandemic created limited sport wagering offerings, there has not been a month where the IRGC reported a handle with at least 70% generated by mobile bets.

Ameristar in Council Bluffs was the most popular destination for retail sports bettors, generating handle of $3.9 million. Diamond Jo Worth Casino in Northwood ($3 million) and Horseshoe Casino in Council Bluffs ($1.9 million) both also cleared $1 million or more in handle.

William Hill US, America’s leading sports betting operator, celebrates a successful first year in Iowa. pic.twitter.com/jKLh9tbJ1V

— William Hill PLC (@WilliamHillPLC) August 11, 2020

William Hill continues to dominate in mobile/online as the England-based book accounted for slightly more than $20.4 million of the state’s online handle through its four locations. Prairie Meadows remains the state’s sports betting juggernaut, accepting $13.3 million in online wagers while generating nearly $47,000 in overall sports betting tax revenues. William Hill also recently added Horseshoe Casino to its Iowa portfolio and is working with the IRGC to launch mobile operations there.

September’s sports betting revenue report has the potential to be record-setting in terms of overall and mobile handle. FanDuel became the seventh mobile operator in Iowa earlier this month after getting approval from the state’s regulatory body and is tethered to the Diamond Jo casinos in Worth and Dubuque. With those additions, 15 of Iowa’s 19 casinos with sports wagering licenses currently have ties to digital platforms.

ShareTweetShare
Chris Altruda

Chris Altruda

Chris Altruda has been a sportswriter with ESPN, The Associated Press, and STATS over more than two decades. He recently expanded into covering sports betting and gambling around the Midwest. His Twitter handle is @AlTruda73 and can be reached via email at [email protected]

Related Posts

Arizona January 2023 revenue report
Analysis

Arizona Puts Bow On Record-Setting January For U.S. Sports Wagering

March 27, 2023
whats on tap
Industry

What’s On Tap: Elite Eight, WBC Finals, And Texas Sports Betting Hearing

March 20, 2023
Load More

Top Stories

taylor mathis

Taylor Mathis Got Sacrificed At The Altar Of Responsible Gambling

March 20, 2023
fanduel baseball wall

Premade Same Game Parlays Are Sucker Bets

March 13, 2023
maginfier-over-small-print

Read The Fine Print: A Proposed Federal Rule Could Change Everything For Indian Gaming

March 6, 2023
roman reigns wwe

Colorado Denies Report Stating That It’s Considering WWE Wagering

March 8, 2023

State Sports Betting Guides

Ohio (U.S. state) flag waving against clear blue sky, close up, isolated with clipping path mask alpha channel transparency, perfect for film, news, composition

Ohio Sports Betting – Where To Play, Bonus Offers And Promo Codes

by Brian Pempus
March 30, 2023

Downtown Detroit at twilight (Shutterstock)

Michigan Sports Betting – Where To Play, Online Sportsbooks, And FAQ

by Brett Smiley
March 27, 2023

VA captial

Virginia Sports Betting – Where To Play, Online Sportsbooks And Bonus Offers

by Brett Smiley
January 17, 2023

nj flag

New Jersey Sports Betting — Where To Play, Online Sportsbooks, And FAQ

by Brett Smiley
March 22, 2023

pa online sportsbooks

Pennsylvania Sports Betting – Where To Play, Online Sportsbooks And Bonuses

by Brett Smiley
October 6, 2022

Canada Sports Betting Guides

Canada Sports Betting – Best Sportsbook Apps & Bonus Offers

British Columbia Sports Betting – Legal Update, Available Sportsbooks, and FAQ

Ontario Sports Betting – Legal Status And Where To Play

SportsHandle

  • Analysis
  • Casino
  • Features
  • Horse Racing
  • Industry
  • Legal
  • Legislation
  • Opinion
  • Podcasts
  • Poker
  • Politics
  • Promotions
  • Regulation
  • Sports
  • Uncategorized

Better Collective

This website is owned and operated by Better Collective USA. Trademarks and copyrights referenced on this website are and shall remain the exclusive property of their respective owners and/or licensors. Please be sure to visit the operator’s website(s) to review their terms & conditions. We advise you to read these carefully as they contain important information. Copyright Β© 2023 USBets.com | Better Collective USA
21 Play Responsibly
Gamble Aware West Virginia
Gambling Problem? Call 1-800-Gambler.
GameSense

Search Sports Handle

No Result
View All Result
  • About Us / Contact
  • Responsible Gambling

No Result
View All Result
  • US Sports Betting
    • Arizona
    • Arkansas
    • Colorado
    • Connecticut
    • Delaware
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Mississippi
    • New Jersey
    • New Mexico
    • New York
    • Ohio
    • Oregon
    • Pennsylvania
    • Tennessee
    • Virginia
    • West Virginia
    • Wyoming
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
    • North Carolina
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel
    • BetMGM
    • Caesars
    • PointsBet
    • BetRivers
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News

loading

Please wait while you are redirected to the right page...