Iowa Releases Its First Sports Betting Figures, $8.5 million Wagered In just Over Two Weeks

Iowa Releases Its First Sports Betting Figures, $8.5 million Wagered In just Over Two Weeks

The Iowa Racing and Gaming Commission released its first-ever sports betting figures on Friday for the first 17 days of action after launching sports betting operation at state casinos. With what could be termed as a great initial response, Iowa casinos took over $8.5 million in wagers on sporting events.

The sportsbooks at Iowa casinos grossed about $2.2 million in winnings. The majority of the bets were placed on local college-level sports.

The state also made about $1.5 million in taxes from the first 17 days of sports betting operations.

The Ameristar casino topped the chart in terms of revenue and betting handle, followed by Catfish Bend and Diamond Jo casino. The three casinos posted $ 1,364,723, $ 142,746, $ 140,953 of betting handle respectively.

Currently, bettors wagering on sporting events in Iowa are required to initially register in-person at a brick-and-mortar casino before they are able to place their bets.

In mid-August, IOWA became the 11th state to have successfully launched sports betting operations at its brick and mortar gambling facilities. There are a total of 19 licensed casino operators in the state all of which are now offering sports betting.

While players can bet on professional, collegiate and international sporting events, mobile sports betting is restricted to borders of Iowa itself.

Also, a part of the sports gambling regulation which would allow the state to collect winnings of gamblers who owe child support, or back taxes or the criminal debt has been postponed by the legislators in Iowa.

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