Iowa Resets Record For Sports Betting Handle at $281 Million

Iowa Resets Record For Sports Betting Handle at $281 Million

Iowa’s monthly sports betting handle record did not last long.

A month after the handle at top Iowa sportsbooks hit a new high in September, the state topped it in October with $280.9 million, up 33.5% from September’s $210.4 million and 243% more than October 2020’s $81.9 million.

The mobile sports betting handle also set a record in October, with online operators taking in $250 million in wagers. That was up 34% from September’s previous record of $186.5 million and 339% higher than October 2020’s $56.9 million.

Iowa’s sports betting revenue for the month was $6.6 million, 14.7% more than September’s $5.7 million but down 27.8% from October 2020’s $9.1 million.

State taxes from sports betting in October came to $514,642, up 0.3% from September’s $512,951 and a decrease of 16% from October 2020’s $612,967.

After the latest launch, all 19 Iowa casinos, have retail sportsbooks and online sports betting.

Iowa Sports Betting, October vs. September

Total HandleMobile Handle Revenue
Change Up 33.5% Up 34.0% Up 14.7%

Three Takeaways

Isle Casino Hotel Waterloo Has Highest Handle

Out of Iowa’s casinos, Isle Casino in Waterloo had the highest October handle, taking in $47.3 million in bets. It’s the second straight month Isle Casino in Waterloo has had the largest handle in Iowa. In September, its handle reached $33.6 million. Isle Casino is partners with Caesars Sportsbook.

Diamond Jo Dubuque retained its spot at second with $39.4 million in handle after taking in $27.9 million in September. FanDuel Sportsbook is partnered with the Diamond Jo facilities in Iowa.

Wild Rose in Jefferson rounded out the top three with $35.4 million in sports betting handle, up from the $27.8 million in September. DraftKings Sportsbook and Wild Rose are sports betting partners.

Could More Records Come in October?

So far, eight states have reported record sports betting handles in September. Iowa was the first to post a new record in September and has now done it for October, also.

The return of NFL betting for the regular season and continued college football betting spurred the records in September and they played a part in Iowa continuing the high sports betting activity. October's figures also got a boost from the NBA and NHL regular seasons starting, and if more states follow Iowa’s trends, we could see more records tallied.

Fubo Sportsbook Now Live in Iowa

Fubo Sportsbook became the latest to launch in Iowa on Wednesday. Fubo Gaming announced the platform went live in Iowa, allowing residents to place bets on the Fubo Sportsbook app. The app is also integrated into fuboTV’s live TV streaming platform. Fubo partnered with Casino Queen, which had been the last casino in the state not to offer sports betting.

“We’re thrilled to launch Fubo Sportsbook and begin to bring U.S. sports fans a next-level interactive viewing and betting experience — one entirely tailored to the sports and entertainment they care about most,” Scott Butera, president of Fubo Gaming, said in a media release. “As the industry continues to expand, it is increasingly important to meet sports fans’ growing demand for personalized and immersive experiences. By integrating with fuboTV, we aim to make that a reality.”

The addition of another sportsbook and the start of college basketball could also push Iowa to set another record in November.