Iowa April casino revenue reaches $161m, sports betting handle hits $118m
Iowa casinos generated April revenue of $161m, a 30% increase from the same month in 2019.
Casinos in the Hawkeye State were closed in April 2020 due to the Covid-19 pandemic.
Slot revenue rose to $145m for a 32% increase from April 2019, while table game win was $15.1m, up 14% from two years prior.
Prairie Meadows Racetrack & Casino led the state with revenue of $22.3m, followed by Horseshoe Casino Council Bluffs at $18.4m and Ameristar II at $17.2m.
Foot traffic at Iowa casinos was 1.68m, up 6% from the 1.59m people who visited in April 2019.
Iowa casinos have been operating without Covid-19 restrictions since early February in accordance with rules put forth by Gov. Kim Reynolds. Guests are still required to wear facemasks at several casinos.
Iowa sportsbooks generated April handle of $118m, down 27% from March’s record handle of $161m. The slowdown in wagers was expected as the sports calendar enters a slower a period of the year.
Net operator revenue was $7.7m, compared to $13.5m in March.
Online sports betting accounted for $105m, or 88%, of the month’s handle.
Iowa sportsbooks crossed the $100m mark in lifetime revenue last month, with nearly 40% of that win coming in the last four months. Iowa ended mandatory in-person sportsbook registration in January, leading to the rise in online wagering.
William Hill, partners with six Iowa casinos, led the state with $39.1m of handle. The operator generated $1.8m of revenue, second to Wild Rose, which won $2.6m in net receipts off $34.6m of handle.
Diamond Jo, partners, with FanDuel and BetMGM, earned handle of $29.2m.
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