Compliance Updates

Iowa Legalises Sports Betting

Published

6 years ago

May 15, 2019

Niji Narayan

Photo Source: politico.com

Reading Time: < 1 minute

Iowa Gov. Kim Reynolds has signed the sports betting bill and legalise sports betting in the state. The new law authorises sports betting for the state’s 19 casinos.

Iowa is projected to eventually have more than $4 billion in annual sports wagers. Iowa’s market might be small compared to the likes of Pennsylvania and New Jersey, but it should benefit from being able to capitalise on a lack of legal sports betting in Nebraska and Minnesota. Nebaskans already spend more than $300 mm each year at Iowa casinos.

Iowa could use sports betting as much as any other gaming. Commercial casino revenue was up more than 3% nationwide in 2018, but for Iowa gaming win ($1.46 billion) was up a mere 0.3% over 2017.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.