The Iowa Racing and Gaming Commission has released its sports wagering figures for the month of April. The state reported total handle of nearly $209.5m for the month.
Though last month’s handle reflects a 21.4% boost when compared to results from last year, the total falls below the state’s results during the past several months. Iowa’s handle fell by more than 23% when measured against March’s figure of $272m.
As of now, March’s handle remains the sixth-highest on record since Iowa opened its sports betting market.
During the month of April, sportsbooks statewide reported $16.5m in adjusted gross revenue (AGR). Iowa’s sportsbooks posted a 7.9% hold for the month.
Iowa players did well last month when it came to wins, taking home close to $193m in earnings from their wagers. More than $180m of those wins came from bets that were placed online.
Last month, 19 operators took bets from Iowa players, accounting for a total online sports betting handle of close to $196.6m.
DraftKings alone contributed its $73.1m handle to the state’s total and posted an 8.5% win rate. The operator collected $6.2m in winnings from its April handle.
FanDuel did not fall far behind DraftKings last month, posting $5.8m in revenue from its $54.7m handle total. The operator has ended the month with a single-digit win rate for the past three months.
In April, the newly created ESPN Bet took $7.5m in handle and reported a 10.2% hold.
During the month, sports wagering in Iowa contributed close to $1.1m in taxes.
