Iowa August Sports Betting Handle Up 120%; FanDuel Now Live

Iowa August Sports Betting Handle Up 120%; FanDuel Now Live
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With major professional sports back, Iowa saw sports betting numbers that rivaled its last full month before the coronavirus pandemic hit.

Figures released by the state Thursday showed Iowa had $50,313,674 in total sports handle, a 120.1% increase over July’s $22,859,622. In the last full month before the pandemic shut everything down, Iowa had just under $57 million in sports betting handle in February.

But casinos were fully operational then. After being closed since mid March, the 19 commercial casinos began reopening June 1 at 50% capacity to adhere to social distancing and health guidelines set by the state.

RELATED: More On Iowa Sports Betting & Gaming

The numbers should only get better for the state in September with the NFL kicking off Thursday and FanDuel launching its online and mobile sportsbook in Iowa Sept. 3 through a partnership with Boyd Gaming.

Other key numbers in the August report, from the Iowa Racing & Gaming Commission, include:

The mobile sports betting handle in August was $34,993,350, almost double (96.9% higher than) July’s $17,770,140. Mobile represented 70% of the total handle in August.

August sports betting revenue was $3,003,903, an increase of 33.9% from July’s $2,244,012.

In its first year — sports betting launched on Aug. 15, 2019 — Iowa bettors wagered more than $400 million, resulting in about $30 million in revenue for the state’s casinos, according to The Gazette of Cedar Rapids.

Iowa Sports Betting Revenue & Handle, August vs. July

RevenueMobile HandleTotal Handle
ChangeUp 33.9%Up 96.9%Up 120.1%

FanDuel Has Arrived

Iowa became the seventh state where the FanDuel online and mobile platform is available. The Sept. 3 announcement came days after FanDuel joined the ranks of Illinois online betting apps.

Iowa’s strict in-person registration requirement for sports betting ends on Jan. 1, 2021.

Until then, FanDuel customers will need to complete their registration at one of the FanDuel Sportsbooks at Diamond Jo casinos in either Dubuque or Northwood. Both casinos are owned by Boyd Gaming, which partnered with FanDuel.

Sportsbooks by the Numbers

The Prairie Meadows Casino near Des Moines in August had a sports betting handle of $14,171,527 in August, almost double the $7,294,326 it saw in July. And 94% of it was from mobile betting. Prairie Meadows had $692,929 in August revenue.

The Wild Rose in Jefferson also nearly doubled its July handle. It had $5,513,311 in August compared to $2,802,119 in July. Of the August total, 99% was from mobile betting.

The Isle Casino Waterloo had $4,349,332 in August handle, more than double the $1,929,869 in July. The Ameristar Casino in Council Bluffs had $3,914,695 wagered in August, a huge increase over July’s $1,082,945, while Riverside Casino saw $3,726,292 in August handle compared to July’s $1,869,130.

For operators, Iowa is attractive because of the 6.75% tax rate on revenue (tied with Nevada for the lowest in the country). In addition to FanDuel, DraftKings, William Hill and PointsBet also have apps live in Iowa, as do several others.