Online Sports Betting in Iowa Expands
Bettors that live in Iowa have spent more than $38.5 million in bets during September. Iowa Racing and Gaming Commission revealed these figures last week. Web-based wagers summed up more than half of the wagers made in the state. Mind you, there have been no recent mobile sportsbooks launched. About $21.8 million wagers were made via the internet, states Iowa Racing and Gaming Commission (IRGC), which made up 55.6% of all bets. Regardless of the previous statistics, the fifteen retail sports betting sites produced a net of $2.9 million. This is $900,00 more than the income generated by the web-based sportsbooks.
Iowa received $334,553 in taxes with more than $4.9 in net receipts. Last month was the first month of sports wagering in Iowa which enables the state’s casinos to start sportsbooks from the 5th of August. Mobile sports wagering was a huge thing in the market regardless of the state’s restrictions. The restriction states that it needs people who want a mobile account to sign up (at face value) at the casino linked with the online sportsbook. The registration process begins on the 1st of January 2021.
Prairie Meadows Scores Big With Mobile
Mobile wagering allowed Prairie Meadows Racetrack and Casino to take advantage of the Iowa market last month. Prairie Meadows made $14.5 million which was about 38% of all sports wagers. The casino which was one of the four linked to William Hill made about $13 million which is around 89.2 % generated via mobile gadgets. From online wagers, Prairie Meadows received 1.2 million of about $1.5 million in net income. The Isle Casino Hotel in Waterloo which is another casino connected to William Hill said that about $2.8 million of the $3.5 million in sports wagers were received from its internet application.
The Riverside Casino and Golf Resort reported that 2.1 million of close to $2.8 million in sports wagers were made through the web. The casino is one of the three Elite Hospitality Group casinos in the state and is situated close to Iowa City. The Ameristar II casino produced close to $3.5 million through wagers. Horseshoe Council Bluff made about $2.4 million. While Diamond Jo Worth made close to 2.3 million.
DraftKings in Iowa
Within six weeks, the state’s sports betting sites made $47.1 million with about 25.5 million through web-based wagers. Prairie Meadows is the top casino because it initially started on the 15th of August. Iowa should expect growth in this month as a result of the three Wild Rose casinos in the country operated their sports betting websites on the 3rd of October. DraftKings runs those three sportsbooks which shows the brands footprint into the country.
- Mike Postle and Stone Gambling Hall Sued for US$30 Million After Allegedly Cheating
- Microgaming Releases dazzling Deco Diamonds Sequel
- Cahuilla Casino Gets $35.2 Million Upgrade
- Indiana Gaming Commission Approves DraftKings Launch
- Churchill Downs Inc. to Buy Turfway Racetrack in $46M Deal
- Mohegan Sun Pocono has been fined $150k Over Staffing Issues