Iowa players write record year | Sports news


Ameristar in Council Bluffs grew gross sales from $ 125,068,899 in 2020 to $ 165,813,532 in 2021. Harrah’s rose from $ 52,346,691 to $ 58,119,156 and Horseshoe rose from $ 141,079667 Dollars to $ 180,348,582.

“It may be difficult to maintain this record level,” said Ehrecke, “but it is encouraging that we can return to the consistency we had before COVID.”

Sports betting, which saw its first full fiscal year since activity was legalized in Iowa in August 2019, grossed nearly $ 111.2 million in bets last month, surpassing the $ 1.2 billion mark for the fiscal year 2021. More than $ 985 million in bets placed online in apps after Iowa’s law was amended on Jan. 1 to allow wagering via electronic devices without players first having to travel to a casino to personally set up an account .

“The year was challenging for Iowa’s sports betting, which made the results all the more impressive,” said Jessica Welman, analyst for the Network, which also includes “The best news is that last year, with the pandemic declining industry impact and solid online registration, has only offered a taste of Iowa’s true potential.”

The increased betting action also proved profitable for the state, as casinos pay $ 314.5 million in state taxes on gambling at their facilities and $ 6.07 million in state taxes on sports betting.