Iowa Sports Betting

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Sports Betting Legislation Enacted
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Last updated: June 1, 2020

Status: Iowa is one of 11 states to have legalized sports betting since 2018’s Supreme Court ruling gave the green light to sports betting in the USA.

ETA: Legal sports betting is up and running in Iowa.

 

Iowa Sports Betting Timeline

It took nearly a year from the date of the Supreme Court ruling in May 2019 for state Governor, Kim Reynolds, to finally sign the legislation to allow legal wagering on sports in Iowa. The bill covers college, professional and fantasy sports.

Rules that will apply to the licencing process are were by the Iowa Racing and Gaming Commission, who are the official regulator in the state. They will also drew up a set of rules regarding the posting of odds and how customer’s money will be handled in betting accounts.

 

Iowa Betting History

All gambling was made illegal in Iowa in 1846 and that remained the case until a raid on a church picnic in a small town call North Buena Vista in 1971 caused Iowa’s gambling laws to change. The picnic had featured a wheel of fortune, a bingo game and a range of card and dice games, all designed to raise thousands of dollars for charitable causes. However, gambling was still illegal and even the local priest was not immune to arrest.

The picnic had been held in the same way for 40 years, but this was the first time it had been raided. The priest was fined and after demonstrations from locals, a resolution was passed to allow a public vote on the gambling laws. The vote came in 1972 and by 1973, bingo and raffle-style games of chance were permitted.

Later, casinos and pari-mutuel betting were also allowed and by 2000, there were more than a dozen casinos and three race tracks operating in the state. Lotteries, including the national Powerball game, were also launched.

Today, the gaming industry supports thousands of jobs in the region and generates hundreds of millions of dollars in revenue.

 

Is sports betting legal in Iowa?

Absolutely.

 

Who controls sports betting in Iowa?

The Iowa Racing and Gaming Commission control sports betting in the state.

 

What is the legal age to bet on sports in Iowa?

Currently, visitors and residents must be 21 or over to take part in any form of gambling in the state of Iowa. This includes lotteries, casino gambling and pari-mutuel betting and the same age applies to sports betting.

 

Where can I bet on sports in Iowa?

PointsBet, DraftKings, Q Casino and William Hill all operate sportsbook apps that you can use in the state currently. Others will be opening soon. BetFred USA are expected to launch soon.

 

Who are the current operators/licensees in Iowa?

PointsBet, Q Casino, DraftKings, Hard Rock Sioux City and William Hill, amongst others.

 

Is mobile and app sports betting available in Iowa?

Yes. All mobile app users in Iowa are required to register through an in person registration at its casinos around the state.

 

How much is sports betting worth in Iowa?

It is estimated that sports betting in Iowa could be worth up to $4 billion a year, creating $250m in taxable sports betting revenue.

 

What is the tax rate for Iowa sports betting?

A favorable tax rate of 6.75% tax rate is expected to be applied to sports betting revenue in Iowa with an additional 0.75% going to charitable causes.

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