Iowa September Sports Betting Handle Reaches Record $72M

Iowa September Sports Betting Handle Reaches Record $72M
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With the NFL and college football seasons in full swing, September was a record month for Iowa sportsbooks. The state saw its highest total sports betting handle, mobile handle and revenue for a single month.

The numbers released from the state on Friday showed that Iowa recorded $72,397,241 in total sports betting handle, up 43.9% from August’s $50,313,674. It was an increase of 87.8% over September 2019’s $38,545,352, which was the first full month for Iowa sports betting.

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During the last full month before the coronavirus shutdown, Iowa reported just under $57 million in sports betting handle in February as casinos were fully operational. But the shutdown forced the facilities to close in mid-March. The 19 commercial casinos within the state were able to reopen on June 1 at 50% capacity, in addition to other social distancing and health guidelines set by the state.

The record-setting numbers can be attributed to the NFL and college football seasons starting in September. Iowa also saw a boost in sports betting with FanDuel launching its online and mobile platform in the state on Sept. 3 through a partnership with Boyd Gaming.

In addition, Betfred USA Sports announced on Sept. 11 that its online sports betting platforms launched in Iowa. Betfred, which also went live in Colorado the same day, is licensed in Pennsylvania and expects to be in Nevada soon, pending regulatory approval.

Iowa Sports Betting Revenue & Handle, September vs. August

RevenueMobile HandleTotal Handle
ChangeUp 72.0%Up 42.9%Up 43.9%

Other Key Iowa Numbers

Other record-setting numbers in the September report from the Iowa Racing & Gaming Commission include:

The mobile sports betting handle came in at $50,010,623, an increase of 42.9% from August’s $34,993,351 and up 129.3% from the September 2019 total of $21,810,316. Of the 18 casinos offering sports bets, 15 have mobile sports betting with Diamond Jo Dubuque and Diamond Jo Worth adding mobile sports betting in September.

Total sports betting revenue came in at $5,167,819, up 72% from August’s $3,003,903 and 4.2% over September 2019’s total of $4,959,745.

FanDuel’s First Month

Iowa is the seventh state where FanDuel’s online and mobile platform is available. Last month, FanDuel launched for Illinois online sports betting.

Currently, Iowa has a strict-in-person registration requirement for sports betting. But wagering on games will become more accessible when that requirement ends on Jan. 1, 2021.

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

Iowa Sportsbooks by the Numbers

Prairie Meadows Casino near Des Moines had the largest sports wagering handle with $18,299,275, up 29% from August’s $14,171,527 and more than double the $7,294,326 it handled in July. Most of September’s handle came online, where 92.7% of the handle was from mobile betting.

Wild Rose in Jefferson continued its run of increased handle on a monthly basis with $6,918,601 in September, up from $5,513,311 in August and July’s $2,802,119. Mobile betting made up 98% of September’s handle.

The Isle Casino Waterloo recorded $6,458,241 in September handle, which was a marked increase over the $4,349,332 in August and $1,929,869 in July. The Ameristar Casino in Council Bluffs saw $5,667,710 bet in September, up from the $3,914,695 wagered in August and a sizable increase from July’s $1,082,945. Riverside Casino handled $5,606,663 in September sports bets, which was up from August’s $3,726,292 and July’s $1,869,130.