Iowa was the 11th state to legalize sports betting. This legalization came through the Sports Wagering Act, which the State Assembly approved on 13th May 2019. The new law paves the way for punters to bet on fantasy sports as well as professional and college sports.
However, even though the law has sanctioned sports betting in Iowa, there was more work to be done before the law could fully take effect. The Iowa Gaming and Racing Commission had to pass the relevant Administrative Rules to govern sports betting. Luckily for punters, in July 2019, the Соmmіѕѕіоn promptly addressed the issue.
The Commission also approved the rules governing Iowa sports betting on a vote of 5-0. Soon after that, the Commission began processing license applications which had been presented by the state’s 18 casinos. In no time, sports wagering had officially taken off just in time for the state to reap from the NFL season.
For an establishment to operate as a legal gambling outfit, it must pay a $45,000 licensing fee to the state. After that, the establishment must pay a tax of 6.75% on all its sports gambling revenue. The state allows up to two sports book to operate under one license.
Presently, Iowa is one of the Middle Eastern states to watch, in so far as mobile gaming is concerned. Its residents can now freely game via their tablets and smartphones. However, punters had to personally register for the mobile app in person through the respective brand’s website up to January 1 2021.
Besides, the state boasts of 19 licensed casinos which have online betting and sports betting for their clientele. Some of the legal sportsbook of Iowa include: