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The rollout for legal sports betting in the US continues, as Iowa became the 11th state to legalize sports betting. Four states, Montana, Indiana, Tennessee, and Iowa, all legalized sports betting in the month of May, with now over 1/5th of the United States having legal sports betting since the Professional and Amateur Sports Protection Act of 1992 was struck down by the US Supreme Court in May 2018. Currently, those states are:

  • New Jersey
  • Pennsylvania
  • Iowa
  • Indiana
  • Tennessee
  • Montana
  • West Virginia
  • Nevada
  • Rhode Island
  • Mississippi
  • Delaware
  • New Mexico

States that have legal online sports betting and offer or will possibly offer well-known online sportsbooks like FanDuel Sportsbook or DraftKings Sportsbook, or have plans to start up sports betting online in their state are:

  • New Jersey online sports betting
  • Pennsylvania online sports betting
  • Iowa online sports betting (coming soon)
  • Indiana online sports betting (coming soon)
  • Tennessee online sports betting (coming soon)
  • Montana online sports betting (coming soon)
  • West Virginia online sports betting (on hold)
  • Rhode Island online sports betting (coming soon)
  • Mississippi online sports betting (coming soon)
  • Delaware online sports betting (expected to be offered)

Iowa Online Sports Betting Will Be Offered Throughout State In Addition to Sports Betting in IA

Governor Kim Reynolds signed the Iowa sports betting bill into law after the bill was given the seal of approval by both House and Senate. In addition to offering sports betting in Iowa at all of the 19 casinos currently in the state, those in the Hawkeye State can also go to any of the casinos to verify that they are 21 or over in order to use mobile sports betting in Iowa. Some of the key points of this new law include:

  • The Iowa Racing and Gaming Commission will be in charge of the operations, licensing, rules, and regulations of Iowa sports betting and Iowa online sports betting
  • A tax rate of 6.75 percent, one of the lowest so far in the US, will be levied on gross revenue for both land-based casinos as well as online sports betting in IA
  • Licenses for Iowa sports betting and Iowa online sports betting are expected to cost $45,000
  • Each of the 19 Iowa casinos can have up to two skins for sports betting, which means that there could be up to 38 Iowa sportsbooks
  • Iowans who wish to place mobile sports bets need to go to one of the 19 casinos in person and apply, verifying that you are 21 or over

Iowa Sports Betting Looks To Capitalize On Timing Of Rollout, Much Like NJ Sports Betting

In the same way that Indiana sports betting will be looking to capitalize on the Fall 2019 timing, so will sports betting in IA. Both states are looking to have things running by the beginning of the NFL and college football seasons, which if we look back to the Fall of 2018, was a huge success for New Jersey sports betting and online sports betting in New Jersey. Bets on the NFL and bets on NCAA Football boosted the total handle as well as the gross revenue for the state, which continued to rise throughout the 2018-2019 seasons for both leagues.

Iowa has a strong following in NCAA Football as well as many NFL fans who would love to be able to bet on football at the state’s 19 casinos as well as in the comfort of their own home on game day, so having Iowa sports betting at the ready for those seasons could be an immediate boost to their economy.