- Iowa bettors wagered a record $129.1 million at DraftKings in October, even as statewide handle fell 2% to $314.5 million.
- DraftKings took 43.1% of online bets, up from 39.9% last October.
- Retail handle fell 21.3% to $14.9 million, leaving mobile with more than 95% of Iowa’s bets.
DES MOINES, Iowa – DraftKings had its biggest month in Iowa in October, even with the state’s sports betting market slipping. The Iowa Racing and Gaming Commission’s October report shows bettors wagered $129.1 million with DraftKings, up 7.2% from last October and topping its previous high of $122.3 million last November.
However, the rest of the market went the other way as the legal Iowa sports betting handle fell 2% to $314.5 million, and net receipts slipped 2.4% to $28.2 million.
This produced $1.9 million in state taxes and pushed DraftKings to 43.1% of online bets, up from 39.9%. FanDuel slipped 2.3% to $87.8 million, while Caesars fell 16% to $25.3 million and BetMGM dropped 23.8% to $13.2 million. Fanatics and bet365 were the only other major sportsbooks to grow, up 21.6% and 12.9%.
Mobile Takeover
Iowa’s casino sportsbooks took $14.9 million in bets, down 21.3% from last October. That left online betting with 95.3% of the state’s handle, up from 94.1% a year ago. Despite this, the counters still made more money as legal sportsbooks at Iowa casinos kept 14.3% of retail bets, lifting retail revenue 2.9% to $2.13 million.
