Iowa Sports Betting Revenue Reports

Iowa sports fans cheered for the 2019 legalization of sports betting for the love of the games. At the same time, the Iowa Senate was cheering for the increased tax revenue that will help balance the state’s books.

Both retail and online sports betting contribute to the bottom line in Iowa thanks to the state’s 6.5% tax rate on sports bets. Iowa’s tax rate is noticeably lower than in some other states. For example, Pennsylvania taxes wagers at 36% and New Jersey taxes bets at 14%.

Even with that 6.5% rate, sports betting is already bringing in millions for the state.

As part of the regulation of sports betting, the Iowa Gaming Commission releases a monthly report of how each online and retail sportsbook performed. The reports include the amount of money wagered, also called handle, what was bet online versus at a brick and mortar sportsbook, and how much revenue those books produced.

We’ve got the tally on which sportsbooks were on top each month as well as lifetime figures that help us grasp which books are winning and which are losing in the state.

Iowa sports betting by the numbers

390860535
Dollars of sports wagers

Total sports betting handle in Iowa history

27959632
Dollars of sports betting revenue

Total sports betting revenue in IN history

1940118
Tax dollars for the state

Total sports betting taxes to date for IN

Lifetime Iowa sports betting numbers

Here is a look at some of the top line numbers for Iowa’s sports betting industry so far (Last updated Aug. 10):

As you can see, Prairie Meadow and its online partner William Hill are the dominant force in sports betting so far.

CasinoTotal HandleOnline Sports Betting HandleRetail Sports Betting HandleTotal Sports Betting RevenueTaxes (6.75%)
Total$390,860,534.54 $241,366,649.72 $149,493,884.82 $27,959,631.63 $1,940,117.57
Prairie Meadows Racetrack & Casino$139,418,598.83 $128,340,130.29 $11,078,468.54 $9,140,932.02 $617,012.94
Isle Casino Hotel Waterloo$33,727,728.44 $30,453,482.94 $3,274,245.50 $2,472,228.11 $166,875.39
Riverside Casino and Golf Resort$31,226,239.94 $26,919,019.10 $4,307,220.84 $1,895,632.15 $127,955.15
Ameristar II$27,900,080.28 $0.00$27,900,080.28 $2,718,778.57 $189,643.66
Diamond Jo - Worth$25,283,559.75 $0.00$25,283,559.75 $2,512,606.25 $173,666.76
Horseshoe Casino Council Bluffs$20,921,732.60 $0.00$20,921,732.60 $1,344,666.16 $104,984.99
Isle of Capri - Bettendorf$20,164,345.52 $14,224,590.13 $5,939,755.39 $923,155.04 $62,312.97
Rhythm City Casino$12,008,301.33 $7,076,321.39 $4,931,979.94 $964,643.67 $65,113.16
Lakeside Casino$11,953,588.90 $8,759,033.22 $3,194,555.68 $597,147.57 $53,940.52
Grand Falls Casino$11,408,186.13 $4,253,165.09 $7,155,021.04 $1,125,266.51 $75,891.35
Q Casino$11,318,300.66 $5,459,696.65 $5,858,604.01 $622,251.42 $42,001.98
Hard Rock Casino$9,686,909.19 $2,916,992.44 $6,769,916.75 $685,985.74 $47,297.76
Wild Rose - Jefferson$8,407,185.67 $7,120,268.06 $1,286,917.61 $588,374.58 $39,727.92
Harrah's Council Bluffs Casino & Hotel$7,927,974.64 $0.00$7,927,974.64 $617,854.26 $53,306.69
Catfish Bend Casino$7,841,273.79 $3,551,813.68 $4,289,460.11 $432,119.82 $30,416.61
Diamond Jo - Dubuque$7,522,577.75 $0.00$7,522,577.75 $881,625.87 $60,568.26
Wild Rose - Clinton$2,549,671.62 $1,494,897.46 $1,054,774.16 $250,242.64 $16,871.05
Wild Rose - Emmetsburg$1,594,279.50 $797,239.27 $797,040.23 $186,121.25 $12,530.41
Casino Queen - Marquette$0.00$0.00$0.00$0.00$0.00

Iowa sports betting revenue by month

Here’s a look at the month-by-month performances of Iowa’s online and retail sportsbooks:

July 2020

CasinoHandleOnline HandleRetail HandleRevenueTaxes (6.75%)
Total$22,859,621.56$17,770,140.49$5,089,481.07$2,244,012.17$151,918.74
Prairie Meadows Racetrack & Casino (William Hill)$7,294,326.57$6,920,739.84$373,586.73$529,540.55$35,743.99
Wild Rose - Jefferson (DraftKings)$2,802,118.89$2,777,934.34$24,184.55$164,535.52$11,106.15
Isle Casino Hotel Waterloo (William Hill)$1,929,869.13$1,895,740.83$34,128.30$151,165.87$10,203.70
Riverside Casino and Golf Resort (Elite)$1,869,129.57$1,681,144.36$187,985.21$168,306.41$11,360.68
Ameristar II$1,082,945.50$0.00$1,082,945.50$240,195.91$16,213.22
Q Casino (Q Sportsbook)$1,071,133.34$684,083.50$387,049.84$91,713.87$6,190.69
Diamond Jo - Worth $1,007,109.50$0.00$1,007,109.50$218,124.50$14,723.40
Isle of Capri - Bettendorf (William Hill)$953,132.45$836,187.76$116,944.69$83,491.14$5,635.65
Wild Rose - Clinton (DraftKings)$873,193.36$852,085.80$21,107.56$82,957.91$5,599.66
Horseshoe Casino Council Bluffs$809,954.01$0.00$809,954.01$121,823.93$8,223.12
Hard Rock Casino (Hard Rock Sportsbook)$680,675.41$548,927.56$131,747.85$60,499.24$4,083.70
Catfish Bend Casino (PointsBet)$552,024.98$447,738.48$104,286.50$56,630.88$3,822.58
Grand Falls Casino (Elite)$469,812.44$154,739.48$315,072.96$42,139.23$2,760.16
Lakeside Casino (William Hill)$444,637.47$413,477.17$31,160.30$16,138.22$1,089.33
Rhythm City Casino (Elite)$396,602.07$275,541.34$121,060.73$71,189.30$4,805.28
Diamond Jo - Dubuque$267,033.50$0.00$267,033.50$91,878.75$6,201.82
Harrah's Council Bluffs Casino & Hotel$34,014.23$0.00$34,014.23-$7,883.69$0.00
Casino Queen - Marquette$0.00$0.00$0.00$0.00$0.00
Wild Rose - Emmetsburg (DraftKings)$321,909.14$281,800.03$40,109.11$61,564.63$4,155.61

June 2020

CasinoHandleOnline HandleRetail HandleRevenueTaxes (6.75%)
Totals$12,711,201$11,581,727$1,129,474$620,740$42,033
Prairie Meadows Racetrack & Casino$4,515,350.84 $4,484,421.39 $30,929.45 $228,312.04 $15,411.06
Wild Rose - Jefferson$2,359,884.87 $2,355,402.89 $4,481.98 $125,820.71 $8,492.90
Riverside Casino and Golf Resort$1,056,091.52 $1,032,075.64 $24,015.88 $35,074.48 $2,367.53
Isle Casino Hotel Waterloo$897,929.48 $890,958.08 $6,971.40 $77,357.41 $5,221.63
Isle of Capri - Bettendorf$832,403.02 $783,650.37 $48,752.65 $41,818.28 $2,822.73
Q Casino$466,811.87 $388,269.17 $78,542.70 $13,775.47 $604.55
Rhythm City Casino$377,541.22 $329,640.06 $47,901.16 $52,660.13 $3,554.56
Ameristar II$332,198.90 $0.00$332,198.90 $28,253.17 $0.00
Wild Rose - Clinton$329,641.08 $311,364.27 $18,276.81 $9,965.53 $672.67
Grand Falls Casino$323,259.40 $221,551.55 $101,707.85 $31,776.65 $1,588.42
Catfish Bend Casino$313,458.30 $313,458.30 $0.00$7,776.10 $0.00
Hard Rock Casino$210,921.64 $177,921.49 $33,000.15 $17,273.05 $1,165.93
Lakeside Casino$187,956.35 $178,163.50 $9,792.85 $11,057.50 $0.00
Horseshoe Casino Council Bluffs$174,295.33 $0.00$174,295.33 ($3,662.98)$0.00
Diamond Jo - Worth$157,397.00 $0.00$157,397.00 ($45,669.25)$0.00
Wild Rose - Emmetsburg$118,557.15 $114,850.55 $3,706.60 $1,937.21 $130.76
Diamond Jo - Dubuque$57,503.50 $0.00$57,503.50 $1,492.00 $0.00
Casino Queen - Marquette$0.00$0.00$0.00$0.00$0.00
Harrah's Council Bluffs Casino & Hotel$0.00$0.00$0.00($14,277.30)$0.00

May 2020

CasinoHandleOnline HandleRetail HandleRevenueTaxes (6.75%)
Totals$6,976,637$6,976,617($20.00)$501,062$32,111
Prairie Meadows Racetrack & Casino$2,697,551.01 $2,697,551.01 $0.00$250,708.30 $16,922.81
Isle Casino Hotel Waterloo$971,192.45 $971,192.45 $0.00$79,518.27 $5,367.48
Wild Rose - Jefferson$800,785.67 $800,785.67 $0.00$39,052.22 $2,637.70
Riverside Casino and Golf Resort$747,403.20 $747,403.20 $0.00$23,726.40 $1,601.53
Q Casino$510,317.19 $510,317.19 $0.00($4,819.14)$0.00
Lakeside Casino$341,463.01 $341,463.01 $0.00$13,998.61 $0.00
Isle of Capri - Bettendorf$325,612.48 $325,612.48 $0.00$26,445.78 $1,785.09
Catfish Bend Casino$147,893.50 $147,893.50 $0.00$19,159.83 $0.00
Wild Rose - Clinton$105,114.73 $105,114.73 $0.00$11,673.37 $822.03
Wild Rose - Emmetsburg$102,875.25 $102,875.25 $0.00$22,152.63 $1,495.96
Rhythm City Casino$78,256.91 $78,256.91 $0.00$9,738.31 $657.34
Hard Rock Casino$75,349.76 $75,349.76 $0.00$13,745.47 $820.86
Grand Falls Casino$72,802.06 $72,802.06 $0.00$178.25$0.00
Ameristar II$20.00$0.00$20.00($1.05)$0.00
Casino Queen - Marquette$0.00$0.00$0.00$0.00$0.00
Diamond Jo - Dubuque$0.00$0.00$0.00$0.00$0.00
Diamond Jo - Worth$0.00$0.00$0.00$0.00$0.00
Harrah's Council Bluffs Casino & Hotel$0.00$0.00$0.00($1,648.86)$0.00
Horseshoe Casino Council Bluffs$0.00$0.00$0.00($3,105.57)$0.00

April 2020

CasinoHandleOnline HandleRetail HandleRevenueTaxes (6.75%)
Totals$1,568,497$1,568,548($51.00)$150,331$9,502
Prairie Meadows Racetrack & Casino$869,008.19 $869,008.19 $0.00$62,174.77 $4,196.80
Isle Casino Hotel Waterloo$186,174.66 $186,174.66 $0.00$26,787.70 $1,808.17
Lakeside Casino$121,020.79 $121,020.79 $0.00($1,040.11)$0.00
Q Casino$110,867.94 $110,904.94 ($37.00)$5,803.84 $391.76
Catfish Bend Casino$71,645.31 $71,645.31 $0.00$3,967.53 $0.00
Isle of Capri - Bettendorf$59,395.90 $59,395.90 $0.00$8,639.20 $583.15
Riverside Casino and Golf Resort$48,685.22 $48,685.22 $0.00$13,355.60 $891.31
Wild Rose - Jefferson$38,393.11 $38,393.11 $0.00$11,117.04 $761.34
Hard Rock Casino$30,981.85 $30,995.85 ($14.00)$5,809.37 $0.00
Wild Rose - Emmetsburg$13,727.90 $13,727.90 $0.00$6,153.88 $436.31
Wild Rose - Clinton$8,545.85 $8,545.85 $0.00$2,697.76 $214.90
Rhythm City Casino$7,550.90 $7,550.90 $0.00$3,236.71 $218.48
Grand Falls Casino$2,499.47 $2,499.47 $0.00$1,126.75 $0.00
Ameristar II$0.00$0.00$0.00$0.00$0.00
Casino Queen - Marquette$0.00$0.00$0.00$0.00$0.00
Diamond Jo - Dubuque$0.00$0.00$0.00$0.00$0.00
Diamond Jo - Worth$0.00$0.00$0.00$0.00$0.00
Harrah's Council Bluffs Casino & Hotel$0.00$0.00$0.00($336.82)$0.00
Horseshoe Casino Council Bluffs$0.00$0.00$0.00($120.00)$0.00

March 2020

CasinoHandleOnline HandleRetail HandleRevenueTaxes (6.75%)
Totals$19,576,985$13,316,068$6,254,916$1,171,164$79,171
Prairie Meadows Racetrack & Casino$6,830,707.40 $6,194,924.35 $635,783.05 $612,063.80 $41,314.31
Isle Casino Hotel Waterloo$1,699,889.36 $1,641,900.21 $57,989.15 $140,499.25 $9,483.70
Riverside Casino and Golf Resort$1,601,572.14 $1,443,157.38 $158,414.76 $81,067.19 $5,482.23
Ameristar II$1,260,835.43 $0.00$1,260,835.43 $33,888.23 $0.00
Diamond Jo - Worth$1,095,307.75 $0.00$1,095,307.75 ($14,565.50)$0.00
Horseshoe Casino Council Bluffs$994,934.52 $0.00$994,934.52 ($24,646.43)$0.00
Isle of Capri - Bettendorf$902,765.26 $742,416.78 $160,348.48 $98,431.00 $4,195.82
Wild Rose - Jefferson$824,688.42 $780,429.15 $44,259.27 $104,313.73 $7,041.18
Catfish Bend Casino$669,768.78 $412,438.13 $257,330.65 $24,793.41 $0.00
Grand Falls Casino$598,717.69 $184,499.02 $414,218.67 ($9,838.30)$0.00
Rhythm City Casino$558,113.18 $427,436.62 $130,676.56 $80,913.80 $5,461.68
Lakeside Casino$535,283.27 $464,751.07 $70,532.20 $1,309.24 $0.00
Q Casino$515,138.38 $363,000.63 $152,137.75 $42,172.80 $2,347.76
Hard Rock Casino$512,734.11 $303,387.60 $209,346.51 $3,262.29 $0.00
Harrah's Council Bluffs Casino & Hotel$302,858.18 $0.00$302,858.18 ($55,460.67)$0.00
Diamond Jo - Dubuque$197,145.00 $0.00$197,145.00 ($3,996.50)$0.00
Wild Rose - Clinton$249,206.08 $156,314.36 $92,891.72 $32,970.19 $2,225.49
Wild Rose - Emmetsburg$221,320.03 $201,413.34 $19,906.69 $23,986.14 $1,619.06
Casino Queen - Marquette$0.00$0.00$0.00$0.00$0.00

February 2020

CasinoHandleOnline HandleRetail HandleRevenueTaxes (6.75%)
Totals$56,920,783$37,786,872$19,133,911$755,334$97,963
Prairie Meadows Racetrack & Casino$21,569,234.98 $20,266,042.63 $1,303,192.35 $705,902.33 $47,648.41
Isle Casino Hotel Waterloo$5,087,255.01 $4,791,696.56 $295,558.45 $128,400.60 $8,667.04
Diamond Jo - Worth$3,580,877.75 $0.00$3,580,877.75 $259,859.00 $17,540.48
Riverside Casino and Golf Resort$4,250,233.24 $3,814,273.93 $435,959.31 $173,934.12 $11,740.55
Ameristar II$3,352,226.37 $0.00$3,352,226.37 ($152,897.61)$0.00
Isle of Capri - Bettendorf$2,951,651.15 $2,346,092.39 $605,558.76 $62,910.18 $0.00
Horseshoe Casino Council Bluffs$2,931,805.52 $0.00$2,931,805.52 ($179,132.01)$0.00
Rhythm City Casino$1,961,877.24 $1,512,863.40 $449,013.84 $33,141.82 $2,237.07
Grand Falls Casino$1,759,892.88 $526,046.71 $1,233,846.17 $49,930.51 $3,370.31
Catfish Bend Casino$1,694,676.15 $961,799.10 $732,877.05 ($74,193.57)$0.00
Q Casino$1,550,353.92 $1,069,895.12 $480,458.80 ($7,391.13)$0.00
Hard Rock Casino$1,537,556.16 $810,613.20 $726,942.96 ($25,381.11)$0.00
Lakeside Casino$1,517,187.02 $1,176,181.50 $341,005.52 ($227,296.43)$0.00
Diamond Jo - Dubuque$1,067,001.25 $0.00$1,067,001.25 ($13,177.25)$0.00
Harrah's Council Bluffs Casino & Hotel$1,008,985.47 $0.00$1,008,985.47 ($92,262.58)$0.00
Wild Rose - Jefferson$626,364.23 $367,322.90 $259,041.33 $94,855.10 $5,676.62
Wild Rose - Clinton$269,677.90 $61,472.45 $208,205.45 $8,192.73 $465.80
Wild Rose - Emmetsburg$203,927.24 $82,572.20 $121,355.04 $9,939.58 $616.57
Casino Queen - Marquette$0.00$0.00$0.00$0.00$0.00

January 2020

CasinoHandleOnline HandleRetail HandleRevenueTaxes (6.75%)
Totals$58,027,141$33,846,095$24,181,046$3,234,794$223,571
Prairie Meadows Racetrack & Casino$20,064,795.07 $18,648,188.57 $1,416,606.50 $691,506.31 $46,676.68
Diamond Jo - Worth$4,802,169.25 $0.00$4,802,169.25 $446,490.25 $30,138.09
Riverside Casino and Golf Resort$4,772,749.32 $4,040,622.34 $732,126.98 $243,875.86 $16,461.62
Isle Casino Hotel Waterloo$4,194,306.88 $3,728,560.77 $465,746.11 $322,408.05 $21,762.54
Ameristar II$4,189,585.92 $0.00$4,189,585.92 $415,794.70 $28,066.14
Horseshoe Casino Council Bluffs$2,832,939.59 $0.00$2,832,939.59 $112,450.19 $6,477.77
Isle of Capri - Bettendorf$2,811,632.11 $2,039,182.10 $772,450.01 ($86,097.83)$0.00
Q Casino$2,408,320.55 $1,121,428.53 $1,286,892.02 $10,507.73 $709.27
Lakeside Casino$2,073,871.59 $1,378,770.14 $695,101.45 $115,152.69 $7,772.81
Grand Falls Casino$2,009,766.74 $585,550.12 $1,424,216.62 $257,078.43 $17,352.79
Rhythm City Casino$1,771,460.00 $1,072,008.11 $699,451.89 $177,982.17 $12,013.80
Hard Rock Casino$1,745,046.61 $680,733.87 $1,064,312.74 $106,163.43 $7,166.03
Harrah's Council Bluffs Casino & Hotel$1,269,980.49 $0.00$1,269,980.49 $75,015.70 $5,063.56
Catfish Bend Casino$1,243,932.75 $551,050.39 $692,882.36 $86,699.09 $5,852.19
Diamond Jo - Dubuque$1,122,932.50 $0.00$1,122,932.50 $235,166.25 $15,873.72
Wild Rose - Jefferson$354,177.61 $0.00$354,177.61 ($10,757.07)$0.00
Wild Rose - Clinton$205,236.51 $0.00$205,236.51 $23,659.06 $1,596.99
Wild Rose - Emmetsburg$154,237.37 $0.00$154,237.37 $11,698.49 $586.60
Casino Queen - Marquette$0.00$0.00$0.00$0.00$0.00

December 2019

CasinoHandleOnline HandleRetail HandleRevenueTaxes (6.75%)
Totals$49,258,838$33,450,318$25,808,520$2,904,257$198,872
Prairie Meadows Racetrack & Casino$19,226,698.38 $17,664,435.20 $1,562,263.18 $1,268,159.28 $85,600.75
Isle Casino Hotel Waterloo$5,073,485.01 $4,630,255.16 $443,229.85 $299,643.35 $20,225.92
Riverside Casino and Golf Resort$4,886,908.17 $4,243,659.38 $643,248.79 $199,391.16 $13,431.50
Diamond Jo - Worth$4,516,736.50 $0.00$4,516,736.50 $221,551.25 $14,954.71
Ameristar II$4,350,115.62 $0.00$4,350,115.62 $249,377.25 $16,832.96
Horseshoe Casino Council Bluffs$3,594,877.88 $0.00$3,594,877.88 ($16,483.23)$0.00
Isle of Capri - Bettendorf$3,264,034.79 $2,182,663.44 $1,081,371.35 ($13,083.16)$0.00
Lakeside Casino$2,123,298.63 $1,298,146.18 $825,152.45 $100,523.88 $6,785.36
Rhythm City Casino$2,101,214.10 $1,105,459.75 $995,754.35 $42,127.49 $2,928.93
Q Casino$1,832,757.72 $913,556.92 $919,200.80 $106,238.63 $7,171.11
Hard Rock Casino$1,694,997.39 $289,063.11 $1,405,934.28 $77,009.23 $5,198.13
Grand Falls Casino$1,613,447.82 $503,552.01 $1,109,895.81 $149,874.31 $10,142.24
Diamond Jo - Dubuque$1,434,816.75 $0.00$1,434,816.75 $47,976.00 $3,238.38
Harrah's Council Bluffs Casino & Hotel$1,608,774.62 $0.00$1,608,774.62 $115,071.77 $8,319.91
Catfish Bend Casino$1,289,819.21 $619,527.06 $670,292.15 $20,109.48 $1,357.39
Wild Rose - Jefferson$256,834.33 $0.00$256,834.33 $8,054.17 $543.66
Wild Rose - Emmetsburg$196,204.35 $0.00$196,204.35 ($3,008.11)$0.00
Wild Rose - Clinton$193,816.85 $0.00$193,816.85 $31,724.09 $2,141.38
Casino Queen - Marquette$0.00$0.00$0.00$0.00$0.00

November 2019

CasinoHandleOnline HandleRetail HandleRevenueTaxes (6.75%)
Totals$59,344,806$33,665,752$25,679,054$3,599,750$242,903
Prairie Meadows Racetrack & Casino$20,589,342.41 $19,058,389.51 $1,530,952.90 $1,038,585.71 $70,104.54
Riverside Casino and Golf Resort$5,360,953.95 $4,747,931.94 $613,022.01 $94,007.74 $6,345.52
Isle Casino Hotel Waterloo$5,356,508.16 $4,821,956.96 $534,551.20 $325,905.71 $21,998.63
Diamond Jo - Worth$4,489,299.50 $0.00$4,489,299.50 $403,309.75 $27,223.41
Ameristar II$4,452,158.46 $0.00$4,452,158.46 $343,339.58 $23,175.42
Horseshoe Casino Council Bluffs$3,806,268.70 $0.00$3,806,268.70 $223,516.49 $15,087.36
Isle of Capri - Bettendorf$3,072,722.08 $1,765,893.38 $1,306,828.70 $121,116.60 $8,175.37
Grand Falls Casino$2,016,901.79 $895,936.84 $1,120,964.95 $177,892.62 $11,985.88
Rhythm City Casino$1,753,127.49 $999,873.56 $753,253.93 $98,321.16 $6,591.12
Hard Rock Casino$1,695,244.57 $0.00$1,695,244.57 $171,017.87 $11,530.81
Harrah's Council Bluffs Casino & Hotel$1,515,395.75 $0.00$1,515,395.75 $117,975.63 $7,963.36
Lakeside Casino$1,440,181.72 $1,051,266.17 $388,915.55 $113,169.36 $7,638.94
Q Casino$1,298,337.90 $298,240.65 $1,000,097.25 $119,404.65 $8,059.82
Diamond Jo - Dubuque$1,213,204.25 $0.00$1,213,204.25 $152,451.12 $10,290.45
Catfish Bend Casino$753,518.97 $26,263.41 $727,255.56 $24,499.28 $1,653.70
Wild Rose - Clinton$196,181.81 $0.00$196,181.81 $22,383.46 $1,510.88
Wild Rose - Jefferson$176,498.18 $0.00$176,498.18 $29,812.09 $2,012.32
Wild Rose - Emmetsburg$158,960.30 $0.00$158,960.30 $23,040.68 $1,555.25
Casino Queen - Marquette$0.00$0.00$0.00$0.00$0.00

October 2019

CasinoHandleOnline HandleRetail HandleRevenueTaxes (6.75%)
Totals$46,500,331$25,923,748$20,576,583$5,658,131$381,379
Prairie Meadows Racetrack & Casino$17,823,927.08 $16,293,996.50 $1,529,930.58 $1,747,465.31 $117,953.91
Isle Casino Hotel Waterloo$3,877,550.94 $3,489,434.55 $388,116.39 $411,380.67 $27,768.20
Ameristar II$3,716,797.07 $0.00$3,716,797.07 $466,958.34 $31,519.69
Riverside Casino and Golf Resort$3,385,111.34 $2,673,656.50 $711,454.84 $430,118.59 $29,030.64
Diamond Jo - Worth$3,196,603.25 $0.00$3,196,603.25 $403,919.00 $27,264.53
Horseshoe Casino Council Bluffs$2,980,795.95 $0.00$2,980,795.95 $466,507.56 $31,489.26
Isle of Capri - Bettendorf$2,131,375.54 $1,339,734.29 $791,641.25 $263,684.55 $17,798.71
Rhythm City Casino$1,373,768.13 $674,004.71 $699,763.42 $141,898.42 $9,577.80
Grand Falls Casino$1,328,759.27 $499,972.71 $828,786.56 $212,586.06 $14,346.93
Lakeside Casino$1,299,297.13 $952,948.82 $346,348.31 $218,323.03 $14,736.80
Hard Rock Casino$1,220,748.99 $0.00$1,220,748.99 $182,526.86 $12,333.25
Diamond Jo - Dubuque$1,184,115.50 $0.00$1,184,115.50 $171,701.25 $11,589.83
Harrah's Council Bluffs Casino & Hotel$1,153,275.70 $0.00$1,153,275.70 $225,089.16 $14,641.25
Q Casino$866,781.55 $0.00$866,781.55 $102,317.50 $6,906.43
Catfish Bend Casino$572,365.00 $0.00$572,365.00 $139,412.00 $9,410.31
Wild Rose - Jefferson$167,440.36 $0.00$167,440.36 $21,571.07 $1,456.05
Wild Rose - Clinton$119,057.45 $0.00$119,057.45 $24,018.54 $1,621.25
Wild Rose - Emmetsburg$102,560.77 $0.00$102,560.77 $28,656.12 $1,934.29
Casino Queen - Marquette$0.00$0.00$0.00$0.00$0.00

September 2019

CasinoHandleOnline HandleRetail HandleRevenueTaxes (6.75%)
Totals$28,545,352$21,810,316$16,735,036$4,959,745$334,780
Prairie Meadows$14,525,771.63$12,963,431.83$1,562,339.80$1,473,743.00$99,477.66
Ameristar II$3,798,474.21$0.00$3,798,474.21$613,219.64$41,392.33
Isle Casino Waterloo$3,537,218.54$2,780,982.89$756,235.65$350,467.21$23,656.53
Riverside Casino$2,755,276.47$2,216,674.21$538,602.26$271,918.55$18,354.50
Horseshoe Council Bluffs$2,354,588.05$0.00$2,354,588.05$464,209.94$30,695.05
Diamond Jo Worth$2,297,106.75$0.00$2,297,106.75$525,408.50$35,465.07
Isle of Capri Bettendorf$2,214,581.14$1,539,087.64$675,493.50$163,899.95$11,063.24
Lakeside Casino$1,587,337.92$1,217,540.87$369,797.05$172,134.73$11,619.09
Rhythm City Casino$1,276,031.56$528,576.87$747,454.69$153,231.57$10,341.21
Grand Falls Casino$1,145,977.36$564,021.60$581,955.76$190,456.16$12,854.56
Diamond Jo Dubuque$978,825.50$0.00$978,825.50$198,134.25$13,374.06
Harrah's Council Bluffs$835,214.20$0.00$835,214.20$157,450.89$11,267.06
Q Casino$566,870.85$0.00$566,870.85$71,747.80$4,842.98
Catfish Bend Casino$389,425.19$0.00$389,425.19$79,662.64$5,377.23
Hard Rock Casino$282,652.70$0.00$282,652.70$74,060.04$4,999.05
Casino Queen Marquette$0.00$0.00$0.00$0.00$0.00
Wild Rose Clinton$0.00$0.00$0.00$0.00$0.00
Wild Rose Emmetsburg$0.00$0.00$0.00$0.00$0.00
Wild Rose Jefferson$0.00$0.00$0.00$0.00$0.00

August 2019

CasinoHandleOnline HandleRetail HandleRevenueTaxes (6.75%)
Total$8,576,341$3,670,446$4,905,894$2,161,806.53$145,914
Prairie Meadows$3,411,885.27$2,279,001.27$1,132,884.00$532,770.62$35,962.02
Ameristar II$1,364,722.80$0.00$1,364,722.80$480,650.41$32,443.90
Isle Casino Waterloo$916,348.82$624,629.82$291,719.00$158,694.02$10,711.85
Isle of Casino Bettendorf$645,039.60$264,673.60$380,366.00$151,899.35$10,253.21
Riverside Casino$492,125.80$229,735.00$262,390.80$160,856.05$10,887.54
Horseshoe Council Bluffs$441,273.05$0.00$441,273.05$183,308.27$13,012.43
Rhythm City Casino$352,758.53$65,109.16$287,649.37$100,202.79$6,725.89
Lakeside Casino$282,054.00$165,304.00$116,750.00$63,676.85$4,298.19
Harrah's Council Bluffs$199,476.00$0.00$199,476.00$99,121.03$6,051.55
Catfish Bend Casino$142,745.65$0.00$142,745.65$43,603.15$2,943.21
Diamond Jo Worth$140,952.50$0.00$140,952.50$94,178.75$6,357.07
Q Casino$120,609.45$0.00$120,609.45$70,779.40$4,777.61
Grand Falls Casino$66,349.21$41,993.52$24,355.69$22,065.84$1,490.06
Casino Queen Marquette$0.00$0.00$0.00$0.00$0.00
Diamond Jo Dubuque$0.00$0.00$0.00$0.00$0.00
Hard Rock Casino$0.00$0.00$0.00$0.00$0.00
Wild Rose Clinton$0.00$0.00$0.00$0.00$0.00
Wild Rose Emmetsburg$0.00$0.00$0.00$0.00$0.00
Wild Rose Jefferson$0.00$0.00$0.00$0.00$0.00

Iowa Senate bill SF 617: Taxation levels

Sports betting has a lower overall tax rate in Iowa than in many other states. It was set at 6.5% of net revenues in bill SF 617

In addition to this tax, there are licensing fees for each online sportsbook. These are $45,000 per license, with an annual renewal fee of $10,000. 

Each of the 18 casinos in Iowa can apply for two separate mobile betting licenses. This caps the maximum tax at 45×18 = $810,000.

This amount is only part of the tax take. Winnings from sports betting are also taxable, with limited scope to offset losses. 

With the sportsbooks obliged to report on bigger wins, this could be a significant contribution to the state coffers. Unlike the licensing and reported taxes through the sportsbooks, adjustments to individual tax returns will be harder to estimate.

Finally, there are contributions from additional employment to consider. Sportsbooks will need tellers and additional service staff. Similarly, casinos will need to employ teams to work with their technology partners, working on promotions and cross over with the retail sportsbooks.

Greater revenue from online casino games

While sports betting is popular, this is not the biggest generator of revenue for state coffers. 

Casino games made Iowa $300 million in tax, based on $1.5 billion in turnover in 2018. Add to this, the thousands of people employed by these venues, and tax on winnings reported via a WG2 form, and the total goes even higher.

Online casino gaming generates a considerable amount of tax revenue in New Jersey, with Pennsylvania (another recently regulated state) showing similar levels on a population-adjusted basis.

There is currently no movement in the Iowa Senate to expand bill SF 617 to include casino games.

Online poker generates lower levels of revenue; this runs successfully alongside casino gaming in other states.