LARCHWOOD, Iowa (KELO) — The state of Iowa earned nearly $335,000 in state tax revenue through legalized sports betting in the month of September.
September was the first full month the state has had legalized betting, after first going into action Aug. 15. The August report showed nearly $146,000 of tax revenue.
In total, Iowa sportsbooks handled $38.5 million in total sports bets, paying out a total of $33.5 in winnings, while 15 casinos netted $4.9 million.
Grand Falls Casino Resort, located just east of Sioux Falls, handled $1.1 million in total bets, paying out $955,530.37 and netting $190,446.99. The Larchwood-based casino recorded $12,854.56 in state tax.
Des Moines casino Prairie Meadwos Racetrack & Casino posted the highest numbers. A total of $14.5 million of total bets were handled with $13 million paid out, $1.4 million netted and $99,477.66 in sales tax recorded.
KELOLAND’s Sarah McDonald is going to Grand Falls Casino to talk with officials and gamblers about the latest report. Stay with KELOLAND News for more coverage on-air and online.