Iowa’s 19 licensed casinos reported $149.5m in adjusted gross gaming revenue in May, up 0.5% year on year, according to the Iowa Racing and Gaming Commission’s figures. Sports-betting handle rose 11% to $202.6m, while casinos contributed $28.6m in state gaming taxes.
The figures track casino and sports-betting performance and tax contributions in Iowa.
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A US federal judge in Iowa denied Kalshi’s request for a preliminary injunction against state regulation of its sports-related event contracts. Judge Stephen Locher found Kalshi was unlikely to succeed in arguing that the Commodity Exchange Act expressly pre-empts Iowa gambling laws. Iowa had not taken enforcement action against the company when it filed suit in March.
IRGC said July 2026 casino revenue fell 6.0% to $136.1m, while casino tax receipts increased 0.54%. July was the first month to exclude all promotional play from taxable casino revenue.
Iowa Racing and Gaming Commission said casinos and sports betting operators generated $331.3m in state taxes in fiscal 2026. Casino revenue reached $1.70bn, while sports wagering revenue increased 18.46% to $284.45m.
Iowa casinos generated $138.6 million in revenue in June, according to figures from the Iowa Racing and Gaming Commission. Slots brought in $126.2 million, up 1.7%, while table games generated $12.4 million, down 3.3%. Prairie Meadows led the state's 19 casinos with $19.7 million.
Iowa and Indiana will bring laws restricting sweepstakes casino operations into effect on 1 July, according to the article. Iowa's law authorises the Iowa Racing and Gaming Commission to issue cease-and-desist letters, while Indiana's law allows civil penalties of up to $100,000 for knowingly offering prohibited games to residents. Several operators have begun restricting access in the states, reportedly.