{"id":16907,"date":"2024-03-14T10:39:20","date_gmt":"2024-03-14T10:39:20","guid":{"rendered":"https:\/\/instantcasinos.com\/?p=16907"},"modified":"2024-03-14T10:39:20","modified_gmt":"2024-03-14T10:39:20","slug":"iowa-sports-betting-grows-year-on-year-despite-retail-loss","status":"publish","type":"post","link":"https:\/\/instantcasinos.com\/blog\/2024\/03\/14\/iowa-sports-betting-grows-year-on-year-despite-retail-loss\/","title":{"rendered":"Iowa Sports Betting Grows Year-on-Year Despite Retail Loss"},"content":{"rendered":"

Iowa sports betting revenue increased year-on-year in February, despite a decline in the state’s retail market.<\/strong><\/p>\n

The 14.3% growth compared to last year’s February figure saw revenue climb to $13.6m (\u00a310.6m\/\u20ac12.4m).<\/p>\n

That’s comfortably higher than February 2023’s revenue figure of $11.9m. However, it still represented a steep month-to-month drop-off.<\/p>\n

In January 2024, Iowa generated \u00a322.1m, which was 38.5% higher than in February.<\/p>\n

Online sports betting hit \u00a313.8m in Iowa during February, though this figure was reduced by a retail loss of $215,241.<\/p>\n

In terms of handle, Iowa bettors wagered an impressive $220.6m throughout the month. This total was a 13.8% increase on the previous year, but down 15% on January’s $259.5m handle.<\/p>\n

Retail sportsbooks accounted for $16.7m of the state’s handle, while the remaining $203.8m came from online gambling.<\/p>\n

Iowa Sports Betting Still Dominated By FanDuel & Diamond Jo Dubuque<\/h2>\n

The market leaders in Iowa sports betting continue to be FanFuel and Diamond Jo Dubuque, as has been the norm for some time. In February, their partnership managed revenue of $4.6m from $56.5m in total wagers.<\/p>\n

Second place went to DraftKings and their partner, Wild Rose Johnson. They generated revenue of $2.2m, with players wagering $36.2m altogether across retail and online platforms throughout the month.<\/p>\n

Just behind them in third was another DraftKings partner, sister property Wild Rose Clinton. With $2.0m in revenue from $28.8m, they beat another Wild Rose property, Wild Rose Emmetsburg, who followed on with $1.8m from $22.5m.<\/p>\n

Debuting in Iowa in February was Fanatics, who have been gradually replacing the PointsBet brand across the nation. Their partnership with Catfish Bend Casino generated a modest $62,402 from $4.4m in wagers.<\/p>\n

In total, players in Iowa won $206.6m in the month of February, while the state raked in $936,744 in taxes.<\/p>\n

This figure is dwarfed however by the total tax figure paid by Iowa casinos. With 90.4% of all earnings coming from slot machines alone, casinos paid more than $28.1 million in taxes for the month.<\/p>\n

That’s a monthly increase of 23.3%, but a slight year-on-year drop of 1.5%.<\/p>\n

Discover the fastest payout online casinos<\/a> and enjoy seamless gaming experiences with instant withdrawals.<\/p>\n","protected":false},"excerpt":{"rendered":"

Iowa sports betting revenue increased year-on-year in February, despite a decline in the state’s retail market. The 14.3% growth compared to last year’s February figure saw revenue climb to $13.6m (\u00a310.6m\/\u20ac12.4m). That’s comfortably higher than February 2023’s revenue figure of $11.9m. However, it still represented a steep month-to-month drop-off. In January 2024, Iowa generated \u00a322.1m, … <\/p>\n","protected":false},"author":62,"featured_media":16924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[30],"tags":[],"class_list":["post-16907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feature"],"acf":[],"yoast_head":"\nIowa Sports Betting Grows Year-on-Year Despite Retail Loss<\/title>\n<meta name=\"description\" content=\"Iowa sports betting revenue has increased upon last year's February total, despite a decline in the retail market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/instantcasinos.com\/blog\/2024\/03\/14\/iowa-sports-betting-grows-year-on-year-despite-retail-loss\/\" \/>\n<meta property=\"og:locale\" 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