The Iowa Racing and Gaming Commission reported combined casino revenue of $151.5m for March, down 2.1% year on year. Slots generated $137.5m, while table games brought in $14m; 13 of the state’s 19 casinos recorded annual declines.
The state figures provide operators with a benchmark for casino performance and revenue trends.
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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 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.
Iowa's licensed casinos and sports wagering operators generated more than $30m in state tax revenue for May 2026, according to figures provided to the Iowa Racing and Gaming Commission. Casino revenue rose 1.78% year on year to $152.15m, while sports wagering revenue increased 3.62% to $20.8m.