Iowa Sports Betting

Recent news and details about sports betting in Iowa

Gov. Kim Reynolds signed SF 617 into law on May 13, paving the way for Iowa to launch legal sports betting by the end of the year. The signature secured Iowa as the 11th state to legalize sports gambling in the US.

What still needs to happen?

The hard part is out of the way. The plan is to open sports betting at retail locations such as casinos by 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.

Projected Iowa sports betting launch date

Now that Reynolds has signed the bill, it’s likely a safe bet that the state would like to have sports betting up and running by September at the latest, although it would be expressly legal as of July 4.

Iowa Sports Betting FAQ

Is sports betting legal in Iowa?

The legislature passed a bill legalizing sports betting with bipartisan support on April 22. Governor Kim Reynolds signed it on May 13, allowing casinos to open retail sportsbooks as early as July 4, 2019.

Can I bet sports online on my phone in Iowa?

Not at present, but mobile betting is authorized through legislation that passed in April. Online sports betting will be available in Iowa at some point in the near future.

Is any other gambling legal in Iowa?

Iowa has a state lottery with in-person sales, although a proposal for online sales is reportedly in preparation. The Hawkeye State also has both tribal and riverboat casinos, as well as casino games at licensed racetracks. Live poker is available at tribal and riverboat casinos, as well as racinos. Pari-mutual betting on horse races is available both in person and online as well.

Is Bovada legal in Iowa?

Bovada, like MyBookie, is an unregulated, offshore sportsbook. As such, it is not legal in Iowa or anywhere in the continental United States.

By betting with offshore sites you are putting your money at risk of being locked or stolen as it is not being protected by US law.

Which states have legal sports betting near Iowa?

There are currently no states near Iowa that have legalized sports betting. The closest with access to Iowa is Illinois, which has proposed several sports betting bills but has not advanced legislation.

Iowa Sports Betting News

Sports Betting Legislative Lasso: Iowa Gets In; Tennessee Next In Line

May 20, 2019

Iowa is the third US state to legalize sports betting this year, and Tennessee appears likely to add its name to the roster this week.

The post Sports Betting Legislative Lasso: Iowa Gets In; Tennessee Next In Line appeared first on Legal Sports Report.

One Year After PASPA Repeal, Sports Betting Legislation Appears In More Than 75% Of US

May 14, 2019

US Supreme Court decision to overturn PASPA opened up the floodgates for sports betting legislation, making it one of the key policy issues at state level.

The post One Year After PASPA Repeal, Sports Betting Legislation Appears In More Than 75% Of US appeared first on Legal Sports Report.

Is This Heaven? Governor Signs Iowa Sports Betting Into Law

May 13, 2019

Gov. Kim Reynolds signed SF 617 into law after weeks of deliberation, making Iowa sports betting a reality. Montana and Indiana enacted the first two laws.

The post Is This Heaven? Governor Signs Iowa Sports Betting Into Law appeared first on Legal Sports Report.