Iowa Sports Betting Enjoys a Strong November as Handle Nears $60 Million

Iowa Sports Betting Enjoys a Strong November as Handle Nears $60 Million.

Costfoto / NurPhoto / Getty Images

Key Takeaways

Sports betting in Iowa jumped 27.5 percent in November from the prior month, as the state’s retail and mobile sportsbooks reported a total handle of $59.3 million. That’s according to figures released by the Iowa Racing and Gaming Commission. (IRGC)

People wait in line to register for an online sports betting account through the William Hill sportsbook at Prairie Meadows on Aug. 15, the first day of legal sports betting in Iowa. In November, Prairie Meadows online betters wagered $19.1 million on sporting events. (Image: Casino.org)

More money was bet at each of the 18 sportsbooks in November, and two new mobile applications – Points Bet and Q Casino – were launched last month.

Net receipts, however, dipped from $5.7 million in October to $3.6 million last month. As a result, the state’s tax revenue dropped from $381,379 to $242,903.

Sports betting became legal in Iowa in mid-August. Through the end of November, Iowa’s sportsbooks have handled nearly $153 million in bets. A majority, nearly $85.1 million, has been wagered online.

Online Leads the Way in Iowa

rose by more than 30 percent from October.

Once again, William Hill at Prairie Meadows was by far the largest online sportsbook. Bettors wagered about $19.1 million in November, with bets paying out $18.2 million. Since August, Prairie Meadows has handled nearly $50.6 million in wagers, with payouts totaling $46.7 million

The suburban Des Moines racetrack is one of four locations for William Hill in the state. Iowa’s state law requires individuals wanting to bet online to first register physically at a participating sportsbook. That requirement will end in January 2021.

Another William Hill sportsbook, the Isle Casino Hotel in Waterloo, finished second in November with an online handle of $4.8 million. It paid out $4.5 million.

The Riverside Casino and Golf Resort, an Elite Casino Resort that uses Bet.Works to run its online sportsbook, enjoyed a 74 percent increase in online activity from October to November, reporting nearly $4.8 million in bets and paying out $4.7 million.

PointsBet went at the Catfish Bend Casino. In the final five days of the month, it processed $26,263 in bets. Nearly three weeks earlier, the Q Casino in Dubuque launched its IGT-platform app. It reported a handle of $298,240.

FanDuel Sportsbook Takes Top Retail Spot

On the retail side, the Diamond Jo Casino in Worth took the top spot, handling nearly $4.5 million in bets and paying out $4.1 million. The casino, which offers a , is the closest to the Minnesota state line.

Diamond Jo Worth edged out the Ameristar II Casino in Council Bluffs by only $37,000. The Ameristar II paid out $4.1 million last month.

The two other Council Bluffs sportsbooks also reported seven-figure retail handles. The Horseshoe Casino reported a $3.8 million handle and paid out $3.6 million. Harrah’s retail handle totaled $1.5 million, with a payout of $1.4 million.

The Council Bluffs casinos are located right across the Nebraska state line from Omaha, which has a metropolitan population of nearly 1 million.

The Casino Queen in Marquette will be the last state-licensed casino to open a sportsbook. The IRGC approved the casino for a sports betting license at its November meeting. However, no official date has been announced for its grand opening.

Article Sources
Arsenal Now Favorite with Some Sportsbooks to Win Premier League editorial policy.
  1. Rocker Vince Neil’s Former Las Vegas Home Listed for $2.7M

Compare Accounts
×
Cambodia Demolishes Buildings at Site of Recent Deadly Casino Fire
Provider
Name
Description
Louisiana Committee Again Passes Slidell Casino Bill, but There’s New Controversy  Musk Twitter Feud Has Hollywood Feel, Gaming Ties  UK’s Famous Grand National Steeplechase Will Be Computer Generated and Televised Saturday  UK’s Famous Grand National Steeplechase Will Be Computer Generated and Televised Saturday  News Corp Australia Aiming for FOX Bet Debut, Could Pursue Tabcorp Sports Wagering Unit  New Mexico Tribe to Launch Sports Betting Despite Legal Uncertainty  Californians for Responsible iPoker Latest Effort to Legalize Internet Gaming in Golden State  Sydney Opera House Horseracing Promo Display Sparks Anger and Protests  Imperial Pacific Blows Through Four Executive Directors in a Year as Latest Chairman and CEO Resigns  New Jersey Online Gaming Study Predicts Huge Growth Trend Will Continue in 2017