Online Sports Betting Huge in Iowa

Iowa sports bettors place down much more than $38.five million in wagers final month, figures in the Iowa Racing and Gaming Commission (IRGC) revealed late final week. And while no new mobile sportsbooks opened, online betting produced up much more than half from the bets placed in the state.

Nearly $21.8 million in bets had been placed on-line, according to the IRGC, accounting for 56.6 percent of all wagers. Despite that, the 15 retail sportsbooks generated net receipts of $2.9 million, much more than $900,000 higher than the income generated by the online books.

With much more than $4.9 million in net receipts, Iowa collected $334,553 in taxes.

September marked the first complete month of sports betting within the state, which permitted its casinos to open sportsbooks starting on Aug. 15.

Mobile sports betting dominated the marketplace regardless of Iowa’s restriction that demands anybody wanting a mobile account to register physically at the casino related with the on-line sportsbook. That registration requirement sunsets on Jan. 1, 2021.

Due to mobile betting, Prairie Meadows Racetrack and Casino dominated the Iowa marketplace in September. Based in Altoona, a suburb of Des Moines, Prairie Meadows reported a deal with of $14.5 million. That represented nearly 38 percent of all sports bets.

The casino, one of 4 associated with William Hill, generated almost $13 million of its action – or 89.2 % – via mobile devices. Prairie Meadows got $1.2 million of its nearly $1.5 million in net revenue from online bets.

The Isle Casino Hotel in Waterloo, another casino tied to William Hill, reported that almost $2.8 million from the $3.5 million in sports bets it accepted came from its on-line app.

The Riverside Casino and Golf Resort, one of three Elite Hospitality Group casinos in Iowa, announced that $2.1 million of its almost $2.eight million in sports bets were placed on-line. The casino is situated near Iowa City, that is the house from the University of Iowa.

Three casinos near state borders posted the strongest retail numbers in September, with casinos in Council Bluffs taking the leading two spots.

n northern Iowa, Diamond Jo Worth, which operates a FanDuel sportsbook, reported a deal with of almost $2.three million. The Worth casino is about 3 miles in the Minnesota state line.

The William Hill retail book at Prairie Meadows generated nearly $1.six million in bets to location fourth.

For the very first six weeks, Iowa’s sportsbooks posted a deal with of $47.1 million, and nearly $25.five million in bets placed on-line.

Again, Prairie Meadows serves as the leading casino. Since it was the first to open on Aug. 15, the racino has taken $17.9 million in action. Of that, gamblers placed $15.2 million in bets through the William Hill mobile app.

Iowa’s deal with ought to grow again in October, because the 3 Wild Rose casinos within the state opened their sportsbooks on Oct. three.

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