The Iowa Racing and Gaming Commission has updated its revenue reports to include new numbers from November 2024, revealing that state-wide sportsbooks handled $315.2 million. Meanwhile, sports betting operators collected revenues of almost $30.1 million, resulting in state taxes of over $2 million.
Meanwhile, casino numbers showed that land-based operations collected revenues of $140.3 million. Admissions hit almost 1.4 million, with a win per capita of $102. State tax from this revenue was just under $27 million.
Huge Sports Betting Revenue Growth Across the State
Sports betting revenues increased year-on-year by 113.4%, so it’s no surprise that almost every operator in IA posted year-on-year revenue growth. The only exception was Ameristar II, where sports betting revenues fell by 44%, taking more than $1 million from the state-wide total. However, this was offset by huge growth elsewhere.
The operator which experienced the most significant increase was Hard Rock Casino, with Hard Rock Bet helping revenues increase by 1704% year-on-year. Another 11 operators experienced growth of more than 100%.
| Casino Partner | Revenue November 2023 | Revenue November 2024 | Change |
| Ameristar II | $2,313,920.16 | $1,295,550.95 | -44.0% |
| Casino Queen – Marquette | $285,679.83 | $1,203,680.08 | +321.3% |
| Catfish Bend Casino | $649,194.79 | $1,034,876.32 | +59.4% |
| Diamond Jo – Dubuque | $3,486,916.24 | $8,654,029.59 | +148.2% |
| Diamond Jo – Worth | $744,956.17 | $2,221,223.34 | +198.2% |
| Grand Falls Casino Resort | $191,297.60 | $285,587.94 | +49.3% |
| Hard Rock Casino | $7,121.34 | $128,469.02 | +1704% |
| Harrah’s Council Bluffs Casino & Hotel | $107,906.41 | $331,184.70 | +206.9% |
| Horseshoe Casino Council Bluffs | $451,896.58 | $703,131.51 | +55.6% |
| Isle Casino Hotel Waterloo | $87,193.07 | $471,986.13 | +441.3% |
| Isle of Capri – Bettendorf | $162,611.95 | $346,347.39 | +113.0% |
| Lakeside Casino | -$16,827.61 | -$2,260.00 | +86.6% |
| Prairie Meadows Racetrack & Casino | $544,502.29 | $1,169,842.22 | +114.8% |
| Q Casino | $37,040.43 | $61,410.71 | +65.8% |
| Rhythm City Casino | $11,614.18 | $15,580.79 | +34.2% |
| Riverside Casino and Golf Resort | -$28,619.18 | $63,028.18 | +320.2% |
| Wild Rose – Clinton | $1,585,843.03 | $4,233,400.76 | +167.0% |
| Wild Rose – Emmetsburg | $1,596,632.21 | $4,014,372.77 | +151.4% |
| Wild Rose – Jefferson | $1,871,896.81 | $3,838,277.21 | +105.0% |
| Total | $14,090,776.30 | $30,069,719.61 | +113.4% |
While Lakeside Casino didn’t turn its revenue figures positive, its deficit was much less concerning year-on-year, dropping from over -$16,000 to just over -$2,000. Meanwhile, Riverside Casino and Golf Resort turned its negative figure positive over the year, from losing nearly $29,000 to collecting over $63,000 in revenues.
Casino Revenues Creep Up with More Mixed Results
While the sports betting revenue numbers were broadly positive, the picture was more mixed for casino revenue, although state-wide adjusted gross revenue (AGR) increased by almost 2.9%. Only two casinos experienced drops in year-on-year revenue, with Wild Rose Clinton seeing AGR fall by 5.8% year-on-year. Isle of Capri Bettendorf experienced a much less severe drop of under 1%.
| Casino | AGR November 2023 | AGR November 2024 | Change |
| Ameristar II | $14,963,124 | $15,137,798 | +1.2% |
| Casino Queen – Marquette | $1,552,655 | $1,624,743 | +4.6% |
| Catfish Bend Casino | $3,689,727 | $3,802,542 | +3.1% |
| Diamond Jo – Dubuque | $6,212,832 | $6,350,707 | +2.2% |
| Diamond Jo – Worth | $8,513,643 | $9,028,354 | +6.0% |
| Grand Falls Casino Resort | $8,023,600 | $7,864,293 | +2.0% |
| Hard Rock Casino | $7,477,675 | $7,672,254 | +2.6% |
| Harrah’s Council Bluffs Casino & Hotel | $5,486,582 | $5,551,172 | +1.2% |
| Horseshoe Casino Council Bluffs | $14,536,779 | $15,397,604 | +5.9% |
| Isle Casino Hotel Waterloo | $7,596,221 | $7,959,109 | +4.8% |
| Isle of Capri – Bettendorf | $5,357,132 | $5,312,967 | -0.8% |
| Lakeside Casino | $3,625,512 | $3,844,460 | +6.0% |
| Prairie Meadows Racetrack & Casino | $19,127,508 | $19,600,171 | +2.5% |
| Q Casino | $3,205,600 | $3,675,707 | +14.7% |
| Rhythm City Casino | $8,710,593 | $8,843,678 | +1.5% |
| Riverside Casino and Golf Resort | $10,417,723 | $10,703,055 | +2.7% |
| Wild Rose – Clinton | $2,665,812 | $2,511,071 | -5.8% |
| Wild Rose – Emmetsburg | $2,335,044 | $2,367,648 | +1.4% |
| Wild Rose – Jefferson | $2,861,003 | $3,054,253 | +6.8% |
| Total | $136,358,765 | $140,301,586 | +2.9% |
Prairie Meadows Racetrack & Casino generated the most revenue, collecting $19.6 million in November 2024, a 2.5% increase on the year prior. However, the casino which experienced the most significant revenue growth was Q Casino, which increased its AGR by 14.7%. No other casino grew by more than 7%.