Iowa FanDuel and DraftKings less dominant as sportsbooks generate over 280m in October handle

Iowa sportsbooks generated over $280m in bets for October, breaking September’s record for monthly wagers by $70m

Iowa sportsbooks generated over $280m inward bets for October, breaking September’s tape for monthly wagers past $70m. The state’s sportsbooks feature self-contained more inwards wagers over the utmost ternary months ($599.8m) than inward all of 2020 ($575.2m).

Eric Ramsey, an Analyst for PlayUSA, commented: “With baseball’s postseason, the head start of the NBA, and a calendar packed with football, bettors found so a great deal to wager on.

"Iowa has also made a substantial spring forward in maturement as to a greater extent operators set in motion and Iowans commence to experience more well-situated with online sports betting. a maturing marketplace and engaged sports calendar proven to live a powerful combination.”

The state’s online and retail sportsbooks accepted $280.9m inwards bets, up 243% compared to October 2020. Players wagered an medium of $9.1m per mean solar day during the month. Since launching, Iowa’s sportsbooks experience taken in $2.3bn inwards wagers.

Bettors showed the most interest inward online gambling, which accounted for 89% of October’s handle, while retail betting represented $31m.

Caesars led the online securities industry with $97m inwards bets, spell DraftKings followed with $76.4m inward online wagers. The retail market was topped past Diamond Jo Worth, with $7.2m in bets, and Ameristar Council Bluffs came inward endorse with a $7.1m handle.

Ramsey concluded: “Iowa is an enticing marketplace for operators because it has a reasonable regulatory framework and whirligig operators, such as FanDuel and DraftKings, don’t master the market as a great deal as in other states. That provides an chance for smaller operators to win a foothold, which does not subsist inwards larger and more naturalized markets.”

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