The Iowa Racing and Gaming Commission has released its latest monthly revenue report revealing that the state’s licensed sportsbooks reported a sports betting handle of $111,176,670.99 for the month of June. This is the second month in a row that Iowa’s handle has dropped by 3% following May’s handle of $114,882,963.30.
The latest figures mark a sharp decline in betting activity since the state’s sports betting operators posted a handle of $161,439,561.27 in March.
Mobile sports betting accounted for 85.5% of total bets with a handle of $95,130,928.84. Mobile payouts amounted to $88,749,076.82 resulting in online net receipts of $6,381,852.02. Meanwhile, retail sportsbooks took in $16,045,742.15 in wagers with payouts totaling $14,002,895.33. This resulted in retail net receipts of $2,042,846.82 for the month.
The combined net receipts of both retail and mobile sportsbooks totaled $8,424,698.84. Despite the overall drop in handle, state taxes for the month increased by 27% from $414,175.02 in May to $568,501.89 in June.
The Prairie Meadows Racetrack and Casino was the market leader with a handle of $19,533,077.84 for the month accounting for 17.5% of the total handle. The Diamond Jo Dubuque Casino sportsbook followed up with a handle of $15,262,423.68. The state’s lowest handle was once again posted by Q Casino taking in $505,952.84 in wagers.
The Ameristar II was the retail leader once again with a handle of $4,860,065.67 while the Prairie Meadows online sportsbook took in the most mobile wagers with an internet handle of $19,004,896.34.