{"id":277459,"date":"2023-06-21T14:40:31","date_gmt":"2023-06-21T19:40:31","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=277459"},"modified":"2023-06-22T09:54:12","modified_gmt":"2023-06-22T14:54:12","slug":"midwest-sports-betting-report-iowa-casino-revenue-dips-as-competition-from-nebraska-increases","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/midwest-sports-betting-report-iowa-casino-revenue-dips-as-competition-from-nebraska-increases\/","title":{"rendered":"Midwest Sports Betting Report: Iowa Casino Revenue Dips as Nebraska Competition Increases"},"content":{"rendered":"\r\n

Iowa casino revenue slumped for the second month in a row, down 6% in May. And while summer slumps are common in the Hawkeye State, there is a nod to increased competition from neighboring Nebraska.<\/p>\r\n

\"Iowa
Sports betting is on the rise across the US. But some states, like Iowa, are seeing increased competition from neighboring states. (Image: Casino.org)<\/figcaption><\/figure>\r\n

The Iowa Racing and Gaming Commission reports total adjusted gross revenue (AGR) at $143.6 million, down from $153 million in April. Iowa launched on-site sports betting more than two years after voters in Nebraska approved the move.<\/p>\r\n

\r\n

That was expected, as the operations in Nebraska are starting to pick up a little bit, and so we are starting to see some impact there, but nothing that wasn\u2019t expected,\u201d<\/strong> Racing and Gaming Administrator Brian Ohorilko said.\u00a0<\/p>\r\n<\/blockquote>\r\n

Ohorilko says revenue drops aren’t a major concern, but he notes Harrah\u2019s Casino and the Horseshoe Casino in Council Bluff\u2019s reported dips in the last two months. Just across the river in Omaha, Neb., is where one of the first sports betting licenses was issued, perhaps cutting into cross-state gaming traffic in the future.<\/p>\r\n

Iowa\u2019s 19 state-licensed casinos brought in more than $1.7 billion last fiscal year. The current fiscal year ends at the end of June.<\/p>\r\n

Sports Betting Up, But Mixed in Iowa<\/h2>\r\n

While table games and slots slumped, sports bets jumped. Iowa sports betting revenue increased more than 17% from April to May. Overall, sports betting was up more than 31% compared to May 2022.<\/p>\r\n

Revenue and tax dollars were up, too, but the overall handle dropped month over month. Thus, the mixed picture. Sportsbooks in the Hawkeye State brought in $147,715,126 in wagers in May, down more than 14% from April. It\u2019s the second consecutive month of handle decline.<\/p>\r\n

The preferred option for Iowa sports betting continues to be online, with $135 million in handle coming from online gambling.<\/p>\r\n

All but one of the state\u2019s 19 casinos have mobile sports betting, whereas in neighboring Nebraska, where sports betting is just launching for the first time, mobile sports betting is barred.<\/p>\r\n

Iowa’s Rank on the National Level<\/h2>\r\n

So far, Iowa\u2019s handle for May places the state fourth nationally, following New York, Maryland, and Indiana. (Not all markets have reported handles as of publication time.)<\/p>\r\n

The legal sports betting apps in Iowa in 2023 have thus far averaged slightly more than $196 million per month. That\u2019s about $980,417,920 in the first five months of the year, down more than 9% from the same time period in 2022.<\/strong><\/p>\r\n

It appears that while the trend for bettors continues to favor sports betting sites, there is upside for the retail market, where there is a slight increase in its share. In addition, operators in brick-and-mortar locations kept 13% of their handle.<\/p>\r\n","protected":false},"excerpt":{"rendered":"

Iowa casino revenue slumped for the second month in a row, down 6% in May. And while summer slumps are common in the Hawkeye State, there is a nod to increased competition from neighboring Nebraska. The Iowa Racing and Gaming Commission reports total adjusted gross revenue (AGR) at $143.6 million, down from $153 million in […]<\/p>\n","protected":false},"author":98,"featured_media":278578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,1074],"tags":[],"acf":[],"yoast_head":"\nMidwest Sports Betting Report: Iowa Casino Revenue Dips as Nebraska Competition Increases - Casino.org<\/title>\n<meta name=\"description\" content=\"Iowa casino revenue slumped for the second month in a row, down 6% in May. And while summer slumps are common in the Hawkeye State, there is a nod to\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/midwest-sports-betting-report-iowa-casino-revenue-dips-as-competition-from-nebraska-increases\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Midwest Sports Betting Report: Iowa Casino Revenue Dips as Nebraska Competition Increases - Casino.org\" \/>\n<meta property=\"og:description\" content=\"Iowa casino revenue slumped for the second month in a row, down 6% in May. And while summer slumps are common in the Hawkeye State, there is a nod to\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/midwest-sports-betting-report-iowa-casino-revenue-dips-as-competition-from-nebraska-increases\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-21T19:40:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-22T14:54:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/06\/Untitled-design-7-3-e1687376495340.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"820\" \/>\n\t<meta property=\"og:image:height\" content=\"462\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Craig Boswell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Craig Boswell\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/midwest-sports-betting-report-iowa-casino-revenue-dips-as-competition-from-nebraska-increases\/\",\"url\":\"https:\/\/www.casino.org\/news\/midwest-sports-betting-report-iowa-casino-revenue-dips-as-competition-from-nebraska-increases\/\",\"name\":\"Midwest Sports Betting Report: Iowa Casino Revenue Dips as Nebraska Competition Increases - Casino.org\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/midwest-sports-betting-report-iowa-casino-revenue-dips-as-competition-from-nebraska-increases\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/midwest-sports-betting-report-iowa-casino-revenue-dips-as-competition-from-nebraska-increases\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/06\/Untitled-design-7-3-e1687376495340.jpg\",\"datePublished\":\"2023-06-21T19:40:31+00:00\",\"dateModified\":\"2023-06-22T14:54:12+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/e6078962c48aceb0701d2ca8bea14256\"},\"description\":\"Iowa casino revenue slumped for the second month in a row, down 6% in May. And while summer slumps are common in the Hawkeye State, there is a nod to\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/midwest-sports-betting-report-iowa-casino-revenue-dips-as-competition-from-nebraska-increases\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/midwest-sports-betting-report-iowa-casino-revenue-dips-as-competition-from-nebraska-increases\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/midwest-sports-betting-report-iowa-casino-revenue-dips-as-competition-from-nebraska-increases\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/06\/Untitled-design-7-3-e1687376495340.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/06\/Untitled-design-7-3-e1687376495340.jpg\",\"width\":820,\"height\":462},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/midwest-sports-betting-report-iowa-casino-revenue-dips-as-competition-from-nebraska-increases\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Midwest Sports Betting Report: Iowa Casino Revenue Dips as Nebraska Competition Increases\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/e6078962c48aceb0701d2ca8bea14256\",\"name\":\"Craig Boswell\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/06\/cropped-Untitled-design-8-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/06\/cropped-Untitled-design-8-96x96.png\",\"caption\":\"Craig Boswell\"},\"description\":\"Craig Boswell currently covers legislation and US Gulf Coast gaming news. He joined Casino.org News in 2023. Craig brings more than 25 years of Journalistic experience to the organization including more than a decade as a National News Correspondent for a trio of networks. Based out of Washington, DC he has covered the White House, Congress and breaking news around the world. Craig describes his work as \u201ca front seat to life\u201d and expects that philosophy to continue as the gaming industry grows and evolves. Craig grew up in the South and admits he can still occasionally put 14 syllables in a word, fortunately that is only when speaking and not when he is writing. Contact Craig at craig.boswell@casino.org.\",\"url\":\"https:\/\/www.casino.org\/news\/author\/craig-boswell\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Midwest Sports Betting Report: Iowa Casino Revenue Dips as Nebraska Competition Increases - Casino.org","description":"Iowa casino revenue slumped for the second month in a row, down 6% in May. And while summer slumps are common in the Hawkeye State, there is a nod to","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/midwest-sports-betting-report-iowa-casino-revenue-dips-as-competition-from-nebraska-increases\/","og_locale":"en_US","og_type":"article","og_title":"Midwest Sports Betting Report: Iowa Casino Revenue Dips as Nebraska Competition Increases - Casino.org","og_description":"Iowa casino revenue slumped for the second month in a row, down 6% in May. And while summer slumps are common in the Hawkeye State, there is a nod to","og_url":"https:\/\/www.casino.org\/news\/midwest-sports-betting-report-iowa-casino-revenue-dips-as-competition-from-nebraska-increases\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2023-06-21T19:40:31+00:00","article_modified_time":"2023-06-22T14:54:12+00:00","og_image":[{"width":820,"height":462,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/06\/Untitled-design-7-3-e1687376495340.jpg","type":"image\/jpeg"}],"author":"Craig Boswell","twitter_card":"summary_large_image","twitter_creator":"@Casino_Org","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Craig Boswell","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/midwest-sports-betting-report-iowa-casino-revenue-dips-as-competition-from-nebraska-increases\/","url":"https:\/\/www.casino.org\/news\/midwest-sports-betting-report-iowa-casino-revenue-dips-as-competition-from-nebraska-increases\/","name":"Midwest Sports Betting Report: Iowa Casino Revenue Dips as Nebraska Competition Increases - Casino.org","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/midwest-sports-betting-report-iowa-casino-revenue-dips-as-competition-from-nebraska-increases\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/midwest-sports-betting-report-iowa-casino-revenue-dips-as-competition-from-nebraska-increases\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/06\/Untitled-design-7-3-e1687376495340.jpg","datePublished":"2023-06-21T19:40:31+00:00","dateModified":"2023-06-22T14:54:12+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/e6078962c48aceb0701d2ca8bea14256"},"description":"Iowa casino revenue slumped for the second month in a row, down 6% in May. And while summer slumps are common in the Hawkeye State, there is a nod to","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/midwest-sports-betting-report-iowa-casino-revenue-dips-as-competition-from-nebraska-increases\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/midwest-sports-betting-report-iowa-casino-revenue-dips-as-competition-from-nebraska-increases\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/midwest-sports-betting-report-iowa-casino-revenue-dips-as-competition-from-nebraska-increases\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/06\/Untitled-design-7-3-e1687376495340.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/06\/Untitled-design-7-3-e1687376495340.jpg","width":820,"height":462},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/midwest-sports-betting-report-iowa-casino-revenue-dips-as-competition-from-nebraska-increases\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Commercial Gaming","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/"},{"@type":"ListItem","position":3,"name":"Midwest Sports Betting Report: Iowa Casino Revenue Dips as Nebraska Competition Increases"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/e6078962c48aceb0701d2ca8bea14256","name":"Craig Boswell","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/06\/cropped-Untitled-design-8-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/06\/cropped-Untitled-design-8-96x96.png","caption":"Craig Boswell"},"description":"Craig Boswell currently covers legislation and US Gulf Coast gaming news. He joined Casino.org News in 2023. Craig brings more than 25 years of Journalistic experience to the organization including more than a decade as a National News Correspondent for a trio of networks. Based out of Washington, DC he has covered the White House, Congress and breaking news around the world. Craig describes his work as \u201ca front seat to life\u201d and expects that philosophy to continue as the gaming industry grows and evolves. Craig grew up in the South and admits he can still occasionally put 14 syllables in a word, fortunately that is only when speaking and not when he is writing. Contact Craig at craig.boswell@casino.org.","url":"https:\/\/www.casino.org\/news\/author\/craig-boswell\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/277459"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/98"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=277459"}],"version-history":[{"count":3,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/277459\/revisions"}],"predecessor-version":[{"id":278581,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/277459\/revisions\/278581"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/278578"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=277459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=277459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=277459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}