By The Weekly Edge desk ·
CDC Gaming reported that Iowa casino revenue fell 6% annually to $136.1m in July. Slot revenue declined 6.7% to $123m, while table-game revenue increased 0.8% to $13.1m.
Slot revenue fell while table games recorded a small increase.
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The penalty concerns FanDuel’s offering of wagering markets prohibited by Iowa rules.
FanDuel faces penalties for two separate sports betting violations.
Iowa casino operators’ slot revenue decline outweighed table-game growth, leaving total September revenue down 2.6% annually.
Iowa’s revenue decline affected slots and table games, with only two of 15 casinos recording growth.
The review could lead to disclosure of communications relevant to former shareholders’ claims over the 2018 merger proceeds.
The comments raise licensing and tribal-law questions for prediction-market operators and tribes considering agreements with them.