Iowa's July 2023 gambling report shows a 4% decrease in gaming revenue

Key points: 

- Total sports wagering handle totals $109.7m

- Total gaming revenue $150m

- Total fantasy sports revenue $58，113

Sports Wagering

The total handle for sports betting in Iowa was recorded to be $109.7m， a 1% increase year-on-year， with online sports wagering platforms accounting for $101.3m of this total.

Net receipts， or profits， saw a 5% decrease from July 2022’s numbers， with the latest total reaching $10.6m.

This could be facilitated by the $99.1m in total payouts， a 2% increase.

The above graph shows the sports wagering handle for the month of July 

The venue with the highest handle， Wild Rode Jefferson， recorded a sports wagering handle of $15.8m， a 21% increase year-on-year.

This was comprised of $12，879 in retail bets and $15.76m in online wagers.

Crown IA Gaming， otherwise known as DraftKings， contributed the highest handle in the online sports wagering sector with $37.4m， an increase of 28% year-on-year.

Crown IA Gaming also recorded the highest handle out of the online platforms in July 2022 at $26.6m， compared to Betfair in second place， with $26.2m.

This year， Betfair had a total handle of $25m.

Gaming

The adjusted gross revenue for gaming in Iowa was $150m in July 2023， a 4% decrease when compared to last year's figures.

When broken down into the two main segments of casino game types， table revenue accounted for $14.4m，Play Casino Online while slot machines made up the rest with $135.6m.

The above graph shows the distribution of revenue across different types of slots in Iowa 

Although they have the lowest revenue， $100 slots had the highest revenue percentage of 14%， followed by penny slots， which had the highest revenue and second highest revenue percentage of 11%. 

Across the state， a total of 1.5 million people were admitted into physical casino venues， with Prairie Meadows Racetrack & Casino recording the highest amount with 208，127 visitors.

This correlates with the fact that Prarie Meadows Racetrack & Casino also saw the highest gross revenue out of the physical casinos at $20.8m. 

Blackjack proved to be the most popular table game in 2023 in Iowa， accounting for $4.6m in revenue from $25.5m in table drop， a 13% decrease and a 6% increase respectively.

The above graph shows the revenue of different table games in Iowa

Fantasy Sports

The total fantasy sports revenue from both DraftKings and FanDuel came to $58，113 for July 2023， a 28% decrease from last year.

When looked at individually， the FanDuel revenue of $8，337 was a 64% increase， while the DraftKings revenue of $49，796 was a 34% decrease.

There were fewer contests held by both companies for Iowa participants too， with 102，868 marking 18，052 less events by DraftKings – and 2，903 from FanDuel being 689 less than last year too.