Key takeaways

• The money Iowa casinos collected in July represents a 2.82% monthly increase but a 3.55% drop from last year.   
• Prairie Meadows Racetrack & Casino was the month’s top earner, winning over $19.93 million.
• Regarding monthly growth, Catfish Bend Casino and Casino Queen–Marquette were July’s most successful Iowa Casinos.
• While online sports betting is legal in Iowa, online casinos are not. A bill that would legalize Iowa online casinos (HSB227) was introduced last year but didn’t pass. 

Iowa casino revenue has been a roller coaster ride in 2024

Win for casinos in Iowa declined in January but continued to increase in February and further improved in March. Revenue then dropped in April, came back up in May, and then fell once again in June to increase again in July.

To provide further context, here is how Iowa casinos’ adjusted revenue totals fluctuated since the beginning of the year:

1. Iowa casinos’ January revenue: $116.4 million
2. Iowa casinos’ February 2024 revenue: $143.3 million
3. Iowa casinos’ March 2024 revenue: $164.3 million
4. Iowa casinos’ April 2024 revenue: $143.84 million
5. Iowa casinos’ May 2024 revenue: $148.75 million
6. Iowa casinos’ June 2024 revenue: $140.74 million
7. Iowa casinos’ July 2024 revenue: $144,710,202

Although July 2024 revenue is the third best this year, showing a 2.82% monthly increase from June 2024’s $140.74 million, the number is still a 3.55% decline from July 2023’s $150.04 million.   

Most Iowa casinos showed improvement in monthly revenue in July

Of the state’s 19 casinos, twelve saw their revenue increase month-over-month in July, with Catfish Bend Casino and Casino Queen-Marquette seeing double-digit rises.