Iowa’s sports betting revenue fell 21.4% year-on-year to $ 6.6 million (£ 5.5 million / € 6.5 million) in June, despite a 10.1% increase in player spending in the state. ..
Revenues were down from $ 8.4 million in June 2021 and 47.6% down from $ 12.6 million in May this year.
This total of about $ 6.2 million came from online sports betting, and only $ 340,552 came from players betting on retail sportsbooks across the state.
In terms of handles, consumers bet a total of $ 122.4 million on sports in June, up from $ 111.2 million in the same month last year, but 17.2% from $ 147.9 million in May 2022. It has decreased.
Of this total, $ 111.9 million was spent online and the remaining $ 10.5 million was bet through retail sportsbooks.
Analyzing the performance of individual operators, Dubuque’s Diamond Jo and its FanDuel sportsbook topped the revenue chart with $ 1.9 million in sports betting revenue for the month, with a $ 31.0 million handle being the best in the state.
DraftKings partner Diamond Joe Inworth was second, with revenues of $ 1 million and handles of $ 15.4 million. Next, DraftKings partner Jefferson’s Wild Rose earned $ 746,039 from $ 15.7 million in player bets.
The Iowa Racing and Gaming Commission also revealed that June’s regulated sports betting activities generated tax revenues of $ 445,594.
Last month, it was revealed that Betfred Sports expanded its partnership with OpenBet and chose digital and retail technologies for its entire business at Iowa.
Betfred’s Grand Falls Casino & Golf Resort Sportsbook currently leverages OpenBet’s retail solutions such as betting counters and self-service kiosks. Betfred will also leverage OpenBet’s digital technology and sports betting engine for mobile and online betting.
The two groups are already partnering for Betfred’s entry into the regulated markets of Arizona, Colorado, Louisiana and Pennsylvania.
