Iowa sports betting handle hits $314.5 million in October
Iowa sportsbooks recorded $314.5 million in wagers for October 2026, reflecting an 8.4% increase from September, although it was approximately 2% lower than the amount wagered in October 2025, according to data from the Iowa Racing and Gaming Commission.
The net receipts for the month reached $28.2 million. The total handle amounted to $314,497,744.97, while sports wagering net receipts were $28,183,847.70, as stated in the commission’s October report. Additionally, the state collected $1,902,409.73 in sports wagering tax. In comparison to October 2025, the handle saw a decline of 2.0% from $320.9 million, and net receipts fell by 2.4% from $28.9 million.
Tax collections also decreased by 2.4% from $1.95 million. Sportsbooks held onto approximately 9.0% of the total wagers for October, according to RG.org. The handle increased from $290.2 million in September, with net receipts up by 18.7% from $23.7 million, based on RG.org’s analysis.
For the fiscal year 2027, beginning July 1, Iowa has reported $973.0 million in total handle, $87.0 million in net receipts, and $5.87 million in tax revenue, as noted in the commission’s year-to-date report. Internet wagering made up $299,600,433.87 of the October handle, representing about 95% of the total, and generated $26,052,235.53 in net receipts. Meanwhile, retail sportsbooks took in $14,897,311.10 in bets, retaining $2,131,612.17.
Online handle declined by 0.8% compared to October 2025, while retail handle experienced a more significant drop of 21.3%, as calculated by RG.org. Among the online operators, Crown IA Gaming LLC led the pack with a handle of $129.1 million and net receipts of $10.6 million.
Following closely was Betfair Interactive US LLC with $87.8 million in handle and $8.0 million in receipts. American Wagering Inc. recorded $25.3 million with a net retention of $2.3 million, while Circa Sports Iowa LLC reported a net loss of $33,385.30 on a handle of $4.0 million.