Iowa sports betting revenue grows 37.7% in April

| By Laura Gumbrell
The Iowa Racing and Gaming commission has recorded sports wagering revenue of $12.4m in April 2022 – a increase of 37.7% since April 2021.

This came as overall sports wagering handle for the month amounted to $177.4m, up from $118.3m in 2021.

Despite the year-on-year increase, over the past month there has been a $55.8m decline in sports wagering in Iowa from a generated handle of $233.2m from March to $177.4m in April.

The majority of Iowa’s betting handle, $155.2m was generated online, while the remaining $21.8m was in retail.

Diamond Jo in Dubuque’s FanDuel sportsbook was the best performer in terms of total sports wagering revenue, generating $4.1m in April with a 10.4% hold. Second was DraftKings partner Diamond Jo in Worth, which brought in $1.7m in April.

Wild Rose in Jefferson – also a DraftKings partner – venue came in third place, with revenue figures of $1.5m.

Diamond Jo in Worth saw the largest retail handle at $4.9m with Wild Rose Jefferson in second with $37,236 in revenue. Diamond Jo Dubuque had the third-highest handle at $38.4 million.

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