Gov. Kim Reynolds signed SF 617 into law on May 13, paving the way for Iowa to launch legal sports betting in 2019. Now, the plan is for several retail sportsbooks to launch on August 15.
What still needs to happen?
The hard part is out of the way. Sports betting is expected to open at retail locations such as casinos well before the start of the 2019 football season, with mobile betting to follow as soon as licenses are acquired and online regulations are in place. The bill calls for a $45,000 initial licensing fee and $10,000 annual renewal fee for operators.
Iowa’s new law authorizes sports betting for the state’s 19 casinos, allowing up to 38 brands to offer online sports betting under the two-skin-per-license legislation. Among those expected to lead the market are FanDuel, DraftKings, PointsBet and Caesars.
Iowa sports betting launch date
A start date of August 15 has been set by several operators, including William Hill. Sports bettors will be able to make legal, real-money bets at casino sportsbooks as of noon on that day. And since Iowa sports betting law requires that gamblers sign up for a mobile sports betting account in-person, they can do so starting on August 15. Mobile sports betting should be live before the start of the NFL season in Iowa.