Harvest season came early for Iowa sportsbooks, which claimed more than $14.4 million in sports wagering revenue in August according to figures released Friday by the state’s Racing and Gaming Commission.
It was the second-highest revenue total in 37 months of wagering in the Hawkeye State, trailing only the $19.7 million generated last November. It is the third time this year, however, the house has topped $14 million, also doing so in January and March.
Revenue climbed 29% compared to July’s $11.2 million as operators posted back-to-back win rates above 10% for the first time since the first three months of operation following launch in August 2019. The 11.8% hold was the fourth highest overall, trailing only those first three months of business.
Handle increased 12.9% from July to $122.6 million, narrowly eclipsing June’s total. It was also a 13.1% increase compared to August of last year – but revenue more than doubled versus 2021 as this year’s win rate was nearly six percentage points higher.