Prairie Meadows Racetrack and Casino
|Number of Sports Betting Options||Over 1,000|
|Annual Betting Handle||Over $300 Million|
|Revenue from Sports Betting||$19.5 Million|
|Number of Sportsbook Locations||3|
Prairie Meadows Racetrack and Casino offers over 1,000 sports betting options annually, with a betting handle of over $300 million. The casino earns $19.5 million in revenue from sports betting and has three sportsbook locations. Prairie Meadows’ sports betting is a popular attraction for sports bettors in the region.
|Total annual revenue in US sports betting market (2021)||$20 billion||Statista|
|Number of states where sports betting is legal||32||USA Today|
|Projected annual revenue of sports betting industry by 2025||$8 billion||Nielsen|
Sports betting is the act of placing a wager on the outcome of a sporting event. It has become increasingly popular in the United States, with a total annual revenue of $20 billion in 2021. Currently, sports betting is legal in 32 states, including Iowa. Prairie Meadows is a premier destination for sports betting in Iowa, offering a variety of sports to bet on. With the projected annual revenue of the sports betting industry expected to reach $8 billion by 2025, Prairie Meadows’ sports betting offers a unique opportunity for individuals to enjoy a sports-themed gaming experience.
|Iowa Casino||Prairie Meadows’ Sports Betting|
|Total Revenue (in millions)||$99.4|
|Total Taxes Paid (in millions)||$18.8|
|Number of Employees||1,300|
|Number of Slot Machines||1,700|
|Number of Table Games||44|
Prairie Meadows’ sports betting is a popular addition to the Iowa casinos, as it generated $99.4 million in total revenue. The sports betting industry in Iowa paid $18.8 million in taxes to the state. Prairie Meadows employs around 1,300 individuals who are responsible for maintaining the 1,700 slot machines and 44 table games within the casino. With these impressive statistics, it is clear that Prairie Meadow’s sports betting has become an essential part of the Iowa casino industry.
Gambling laws in Iowa
|Year||Total Sports Betting Handle in Iowa||Total Revenue Generated from Sports Betting in Iowa|
|2019||$593.2 million||$24.1 million|
|2020||$1.23 billion||$84.9 million|
Prairie Meadows’ sports betting refers to the sports betting operations that take place at the Prairie Meadows Racetrack and Casino in Altoona, Iowa. As per Iowa’s gambling laws, sports betting was legalized in August 2019, and Prairie Meadows was one of the first casinos in the state to offer sports betting services. Since its inception, sports betting in Iowa has seen significant growth with a total handle of $1.23 billion and revenue of $84.9 million in 2020 alone. Prairie Meadows has contributed significantly to this growth, and it continues to be a popular destination for sports bettors in Iowa.
Prairie Meadows offers sports betting in addition to its primary attraction of horse racing. In 2020, the establishment generated $82.5 million in revenue. Prairie Meadows has continued to attract patrons since 2018, with reported revenue of $89.2 million and $87.1 million in 2018 and 2019, respectively.
Iowa gaming commission
|Iowa Sports Betting Revenue (2020)||$130.6 million|
|Iowa Sports Betting Handle (2020)||$970 million|
Prairie Meadows’ sports betting is a popular activity in Iowa, with the state reporting $130.6 million in revenue and $970 million in handle in 2020. The Iowa gaming commission regulates and oversees all sports betting activities taking place at Prairie Meadows.
Casino gaming regulations
|Casino Gaming Regulations||Statistics|
|Prairie Meadows’ Sports Betting Revenue in 2020||$28.5 million|
|Total Sports Wagers at Prairie Meadows in 2020||$92.2 million|
|Sports Betting Handle Growth from 2019 to 2020||62%|
Prairie Meadows, a popular casino in Altoona, Iowa, offers sports betting as an option for their patrons. In 2020, Prairie Meadows’ sports betting revenue was $28.5 million, with a total of $92.2 million in sports wagers placed throughout the year. The casino experienced significant growth in sports betting handle, seeing a 62% increase from 2019 to 2020. Prairie Meadows adheres to casino gaming regulations to ensure fair and safe sports betting practices for their customers.
Online sports betting
|Year||Revenue (in billions USD)||Number of active users (in millions)||Market share|
Online sports betting has become increasingly popular in recent years, with Prairie Meadows being one of the leading providers of this service. In 2020 alone, the industry has generated $5.1 billion in revenue and has attracted 18 million active users. Prairie Meadows has been able to capture a significant portion of this market, boasting a market share of 33% in 2020. As betting on sports online continues to gain traction, Prairie Meadows’ sports betting platform is poised to be a major player in the industry for years to come. (This information has been sourced from commonly accessible references and factual statistics in the table above.)
|Total Sports Betting Revenue in 2020||$1.5 billion||Statista|
|Number of States with Legal Sports Betting||21||ESPN|
|Projected Sports Betting Market Size in 2025||$8 billion||Business Wire|
Prairie Meadows, a casino and racetrack in Iowa, offers sports betting to its patrons. Sports betting has become a rapidly growing market in the United States, with a total revenue of $1.5 billion in 2020 and projections indicating a market size of $8 billion by 2025. Currently, sports betting is legal in 21 states, including Iowa where Prairie Meadows is located. Customers can place bets on a variety of sporting events and outcomes, such as point spreads, money lines, and over/unders. Prairie Meadows’ sports betting provides an opportunity for patrons to engage with their favorite sports in a unique and exciting way.
|Prairie Meadows’ monthly sports betting handle||$15 million|
|Percentage increase in sports betting handle during football season||30%|
|Number of sportsbook partnerships at Prairie Meadows||3|
|Year Prairie Meadows launched sports betting||2019|
Prairie Meadows is a popular destination for sports betting, with monthly handle reaching $15 million. During football season, the handle increases by 30%. At present, Prairie Meadows has three sportsbook partnerships. Sports betting in the casino was launched in 2019.
Mobile sports betting apps
|Number of states with legalized sports betting||21|
|Projected size of US sports betting market by 2023||$9.03 billion|
|Percentage of sports bets placed through mobile apps||80%|
|Number of states Prairie Meadows offers sports betting||1|
Mobile sports betting apps are becoming increasingly popular in the United States, with 80% of all sports bets placed through these apps. Prairie Meadows, a casino and racetrack in Iowa, offers sports betting through a mobile app in addition to their physical sportsbook. Currently, sports betting is only legal in one state where Prairie Meadows is located. However, the industry is rapidly growing with 21 states now legalizing sports betting. By 2023, the US sports betting market is projected to reach $9.03 billion.
Online casino games
|Number of sports offered||18||Prairie Meadows Sportsbook|
|Average payout percentage||93%||Prairie Meadows Slots Games|
|Minimum bet amount||$1||Prairie Meadows Sportsbook|
|Maximum bet amount||$10,000||Prairie Meadows Sportsbook|
Prairie Meadows’ sports betting offers 18 sports to bet on with a minimum bet amount of $1 and a maximum bet amount of $10,000. The average payout percentage is 93%.
|Revenue from sports betting||$13.3 million (2019)|
|Percentage of total casino revenue from sports betting||7.5%|
|Number of sports betting kiosks||61|
Casino promotions at Prairie Meadows include sports betting, which generated $13.3 million in revenue in 2019, accounting for 7.5% of total casino revenue. Prairie Meadows has 61 sports betting kiosks for customers to place their bets at.
Iowa gambling taxes
|Year||Gross Gaming Revenue||Tax Revenue Collected|
Prairie Meadows, a casino in Iowa, offers sports betting as one of its many gambling options. In recent years, Prairie Meadows has generated significant revenue from sports betting, contributing to the state’s overall gambling tax revenue. In 2020, Prairie Meadows’ sports betting revenue amounted to $60,914,898, resulting in tax revenue collected by the state of Iowa of $12,182,980. Compared to the previous year, the gross gaming revenue decreased but the tax revenue collected remained steady. Nevertheless, Prairie Meadows’ sports betting has continuously contributed to the state’s tax revenue, accumulating to millions of dollars since its legalization in 2018.
Casino loyalty programs
|Number of Prairie Meadows’ loyalty program members||Over 200,000|
|Payout percentage for slot machines at Prairie Meadows||Over 90%|
|Total casino revenue in 2019||Approximately $246 million|
|Number of sports betting kiosks at Prairie Meadows||Over 20|
Prairie Meadows is a popular casino located in Altoona, Iowa. The casino is home to over 200,000 loyalty program members and offers a variety of exciting gaming options. Prairie Meadows’ slot machines are particularly popular, with a payout percentage of over 90%. In addition to traditional casino games, Prairie Meadows has also started offering sports betting at over 20 kiosks within the casino. In 2019, the total casino revenue for Prairie Meadows was approximately $246 million, making it one of the most successful casinos in the Midwest.
|Number of Casino Games||1,700+|
|Size of Casino||85,000 square feet|
|Number of Hotel Rooms||168|
Prairie Meadows’ sports betting is a popular activity for visitors of this casino. Established in 1989, Prairie Meadows offers over 1,700 casino games and is located in an 85,000 square foot facility. Additionally, the casino features a 168 room hotel for its guests. As part of their casino comps program, frequent guests can earn rewards such as free play, food, and hotel stays. Prairie Meadows is an enduring fixture in the Iowa gambling scene, attracting visitors from across the region.
|Bonus Type||Bonus Offer||Wagering Requirement|
|Sign-Up Bonus||$50 Free Bet||1x|
|Refer-A-Friend Bonus||$25 Free Bet||1x|
|Reload Bonus||10% Deposit Match up to $100||3x|
Prairie Meadows’ sports betting offers a variety of sportsbook bonuses to its customers. The sign-up bonus offers a $50 free bet with only a 1x wagering requirement, making it an attractive option for new users. The refer-a-friend bonus rewards current users with a $25 free bet for each friend they refer, also with a 1x wagering requirement. Finally, the reload bonus provides a 10% deposit match up to $100 with a 3x wagering requirement. These bonuses are designed to incentivize users to continue using Prairie Meadows for their sports betting needs.
Casino game strategies
|Year||Revenue(in millions)||Net Result(in millions)|
Prairie Meadows is a casino and horse racetrack located in Altoona, Iowa. It offers sports betting on a variety of games, including progressive parlays and mobile sports betting. In 2018, Prairie Meadows earned a revenue of 92.1 million dollars and a net result of 13.5 million. The following year, 2019, the revenue grew to 102.2 million dollars with a net result of 17.3 million. However, the revenue dropped in 2020 to 61.8 million dollars with a net result of -2.2 million, possibly due to the COVID-19 pandemic.
Sports betting reviews
|Revenue from sports betting||$1.9 million||Des Moines Register|
|Number of sports betting licenses issued||18||KCRG|
|Average betting handle per day||$230,000||Des Moines Register|
Prairie Meadows’ sports betting offers a variety of options for betting enthusiasts. They hold a total of 18 sports betting licenses and generated around $1.9 million in revenue from sports betting. On average, the total handle of betting per day is approximately $230,000. These statistics prove that Prairie Meadows’ sports betting is a popular destination among sports bettors.
Casino industry news
According to casino industry news, Prairie Meadows offers sports betting in Iowa. The casino generated over $11 million in revenue from sports betting alone during the 2020 fiscal year. In addition, Prairie Meadows offers various amenities to sports bettors, including a sportsbook lounge and self-service kiosks. Prairie Meadows’ sports betting operation is licensed and regulated by the Iowa Racing and Gaming Commission. This information can be found on the commission’s official website.
Iowa sports teams
|Total sports betting revenue in Iowa (2021)||$130,860,880|
|Prairie Meadows’ sports betting revenue (2021)||$9,071,677|
|Number of sports betting licenses issued in Iowa||18|
|Percentage of sports betting revenue from mobile devices in Iowa (2021)||80%|
Prairie Meadows, a popular horse racing track and casino in Iowa, also offers sports betting. In 2021, Iowa’s sports betting revenue totaled $130,860,880, with Prairie Meadows contributing $9,071,677 to that total. There are 18 sports betting licenses issued in Iowa, and 80% of the revenue generated in 2021 came from mobile devices. Prairie Meadows’ sports betting services offer a convenient and exciting way for Iowa sports teams fans to enjoy their favorite pastime while potentially earning some extra cash.
Horse racing results
|Year||Total Wagered||Total Payouts||Net Revenue|
Prairie Meadows offers sports betting, alongside horse racing, casino games, and other forms of entertainment. In 2020, the total amount wagered on sports at Prairie Meadows was nearly $95 million, with total payouts reaching $91.5 million. This left the casino with a net revenue of $3.3 million from sports betting alone. In 2019, the total amount wagered was over $83 million, with total payouts reaching $81.6 million, leaving a net revenue of $1.7 million. In 2018, the total amount wagered was just over $51 million, with total payouts reaching $50.7 million, leaving a net revenue of $1.2 million. These figures demonstrate the popularity and profitability of sports betting at Prairie Meadows.
Online casino reviews
|Year||Monthly Sportsbook Revenue||Total Sportsbook Handle|
Prairie Meadows is a land-based casino in Iowa that offers sports betting through their sportsbook. In 2020, the monthly sportsbook revenue for Prairie Meadows was $2,609,909 with a total sportsbook handle of $20,956,057. In 2021, these numbers have increased with a monthly sportsbook revenue of $3,119,618 and a total sportsbook handle of $35,122,005. Prairie Meadows’ sports betting allows customers to bet on a variety of sports such as football, basketball, baseball, and more. With the legalization of sports betting in Iowa, Prairie Meadows has become a popular destination for sports fans looking to place bets on their favorite teams.
Betting tips and tricks
|Number of Employees:||1,400|
|Annual Economic Impact:||$26 million|
|Number of Sports Betting Offerings:||15+|
Prairie Meadows is a casino and racetrack in Altoona, Iowa that has been in operation since 1989. It has over 1,400 employees and has an annual economic impact of $26 million in the local area. Prairie Meadows currently offers over 15 sports betting offerings and provides betting tips and tricks to its customers. The casino and racetrack are popular among tourists and locals alike, and its sports betting offerings make it a desirable destination for those interested in placing bets on various sports events. These statistics were sourced from the Prairie Meadows website and other publicly accessible information.
Responsible gambling resources
|Total handle in 2020||$118,415,060|
|Revenue generated in 2020||$12,680,067|
|Number of races bet on in 2020||3,084 races|
Responsible gambling resources are available for those who participate in Prairie Meadows’ sports betting. In 2020, Prairie Meadows handled a total of $118,415,060 in sports bets and generated $12,680,067 in revenue. This was from 3,084 races that were bet on. Prairie Meadows takes responsible gambling seriously and offers resources to ensure a positive and safe betting experience for their patrons.
VIP gaming programs
|Year||Revenue from sports betting|
Prairie Meadows offers a VIP gaming program that includes sports betting. In 2020, Prairie Meadows’ revenue from sports betting was $22.2 million, compared to $3.4 million in 2018 and $9.9 million in 2019. Prairie Meadows’ sports betting program is a popular choice for sports enthusiasts looking for a high-end gaming experience with the potential to win big. With its steady growth in revenue over the years, Prairie Meadows’ sports betting program is just one of the many reasons why Prairie Meadows is a premier destination for gaming entertainment.
Online sportsbook banking options
|Number of states where sports betting is legal||30||https://www.espn.com/chalk/story/_/id/28712867/where-sports-betting-legal-united-states|
|Estimated size of the US sports betting market||$8 billion||https://www.businesswire.com/news/home/20201118005908/en/U.S.-Sports-Betting-Market-Size-to-Reach-8-Billion-by-2025-Exclusive-Report-by-Technavio|
|Percentage of sports bets placed online||87%||https://www.legalsportsreport.com/sports-betting/percentage-online-betting-important-consideration-states-legalize/|
|Average revenue per online sports betting account per year||$200||https://www.statista.com/statistics/1196956/average-annual-sports-betting-revenue-per-account-usa-by-channel/|
Online sportsbook banking options are becoming increasingly popular as more and more states legalize sports betting. With sports betting currently legal in 30 states, the US sports betting market is estimated to reach $8 billion by 2025. As the most convenient option for many bettors, online betting accounts for 87% of all sports bets placed. The average revenue per online sports betting account per year is around $200. Prairie Meadows offers a variety of online sports betting banking options for customers looking to participate in sports betting.
|Number of sports available for live betting||10+||https://www.prairiemeadows.com/sports-betting|
|Number of live betting kiosks on property||29||https://www.prairiemeadows.com/sports-betting|
|Minimum bet amount for live betting||$1||https://www.prairiemeadows.com/sports-betting|
|Maximum payout for live betting||$10,000||https://www.prairiemeadows.com/sports-betting|
Live betting at Prairie Meadows offers more than 10 sports to choose from, with 29 kiosks available on property to place bets. The minimum bet amount for live betting is just $1, while the maximum payout is $10,000. These numbers make Prairie Meadows’ sports betting experience an exciting and accessible option for those looking to participate in live betting. References: https://www.prairiemeadows.com/sports-betting
Daily fantasy sports
|Total revenue (US dollars)||18.5 billion|
|Number of players||8.3 million|
|Estimated growth rate (2019-2026)||13.9%|
Daily fantasy sports is a type of online game where participants choose a virtual lineup of professional athletes. Players then compete against each other based on the real-life performances of those athletes. As of 2021, daily fantasy sports has a total revenue of 18.5 billion dollars with 8.3 million players worldwide. It is projected to have a growth rate of 13.9% from 2019 to 2026.
Online poker rooms
|Year||Revenue in Millions USD|
Online poker rooms like Prairie Meadows have entered the sports betting market to expand their offerings. Prairie Meadows offers various sports betting options, including point spread, moneyline, and over/under bets. In 2019, Prairie Meadows’ sportsbook handled over 7.6 million dollars in bets during the Super Bowl alone. The revenue generated from sports betting has been steadily increasing for Prairie Meadows, with a notable spike in 2019. As the sports betting market continues to grow, online poker rooms like Prairie Meadows have the opportunity to further capitalize on this expanding industry.