Figures released by Iowa Racing and Gaming Commission indicate that sports betting in the state are growing. In November, the state’s retail and online sportsbooks posted a growth of 27.5 percent, with a total sports handle being $59.3 million. Although the total sports betting handle was a boost, the net receipt dropped from $5.7 million in September to $3.6 million in November, causing a decrease of the state’s share of the revenue from $381,379 to $242,903.
In Iowa, Sports betting was legalized in mid-August. According to Casino.org, sportsbooks have received $153 million in stakes, and about $85.1 million has been wagered on mobile platforms since the inception. Online sports betting also grew by 30 percent in November when compared to October. William Hill led the online betting platform, with staking going up to $19.1 million at Prairie Meadow. Since the start of August, William Hill has received a total of $50.6 million in stakes in Iowa sports betting.
Riverside Casino and Golf Resort that uses the Bet Works platform to run online sportsbooks, also reported a 74 percent growth with a total received stake reaching $4.8 million in bets and paid $4.7 million. PointsBet, which started operating on 26th November at Catfish Bend, reported having processed $26,263 in bets in just five days. Q Casino in Dubuque also posted a total sports handle of $298,240.
Diamond Jo Casino in Worth led the retail sports betting platform, the operator received a total of $4.5 million in bets and paid out $4.1 million. Ameristar II Casino followed closely behind Diamond Jo with only a difference of $37,000