Iowa Sports Betting Apps

Iowa (IA)

Provided the bettors in IA have a stable internet connection, they can access any sports wagering market available in the state. Iowa legalized online sports wagering about two years ago, opening doors to bookmakers. As a result, bettors have an array of Iowa betting apps to place wagers online.

In addition, the state legalized in-person sports gambling at land-based sportsbooks, which gives players more betting options.

Legal and licensed apps:

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Online Sports Betting in Iowa

Any kind of wagering is currently perfectly legal in the state of IA. In 2019, lawmakers in the state-approved amendments to the sports betting bills, and immediately afterward, the governor signed the bill into law, paving the way for the launch of Iowa's online sports betting sites and apps.

IA allows every licensed casino to have two distinct sports wagering apps or websites. The state has 19 fully licensed casinos operating within state borders, but it allows about 38 individual betting sites and apps within the Iowa sports wagering market. This gives punters a wide range of IA sports betting apps and sites. In addition, this also provides the state with plenty of opportunities for more revenue collection.

On the online side of things, the state has powerhouse sports betting sites such as FanDuel, BetMGM, DraftKings, and Caesars. Further, the state's lawmakers appointed the Iowa Racing and Gaming Commission to regulate all sports betting apps and sites operating within the state lines. IRGC is the body tasked with issuing gaming licenses in Iowa.

Notably, before the legalization of online sports betting in IA, 19 fully licensed retail casinos were operational. Indeed, these casinos are all legal and fully functional since they renewed their licenses this year.

Sports Betting Legislation in IA

Iowa is amongst the most betting-friendly states in the United States. In 1989, the state commissioned the first racetrack for punters to bet on horses legally and legalized the first casino to operate on tribal lands two years later. Decades later, commercial and tribal casinos grew exponentially to make IA a premier betting location in the Midwest.

In May 2018, the Supreme Court repealed the Professional and Amateur Sports Protection Act (PASPA). Barely a year later, legislators in IA approved Senate File 617 — a bill that legalized sports wagering. A month afterward, Iowa’s state Governor Kim Reynolds appended her signature on SF 617 to make it law.

As a result, the already established casinos began offering sports wagering markets. However, the first betting apps went live in August of the same year. Currently, sports betting is the most popular form of gambling in the US.

By law, the state of Iowa can have up to a maximum of 38 sports betting operators within state lines. Even though IA is not home to any major professional teams, it still has a plethora of online sportsbooks for punters to wager through.

Restrictions

Bookmakers are at liberty to launch their betting sites or apps in Iowa. However, bettors must follow the ground rules set by sportsbooks. First, casinos can only partner with a maximum of two licensed sportsbooks. Second, signing up for mobile sports betting must happen at a specific casino. Also, both online and retail sports wagering must happen from within IA.

For already licensed bookies, offering in-game prop wagers on collegiate teams in-state is illegal. And if punters are below 21 years of age, signing up on any sportsbook is unlawful. Finally, individuals on self-exclusion lists cannot place bets in-state.

Licensing and Taxes

Aside from restrictions on online sports wagering, the state has its taxation and licensing requirements. Bookmakers seeking to operate with IA must first get a license from the Iowa Racing and Gaming Commission which is the body that can revoke or invalidate a sportsbook’s license.

Currently, the state charges $45,000 license fees with an annual renewal fee of $10,000 to operate. Indeed, this is one of the lowest sports wagering license fees charged by states in the US. IA levies a 6.75% taxation on every operator’s annual revenue.

How profitable has sports betting been for Iowa in 2023?

Since legalizing sports gambling in 2019, IA sports fans have wagered over 5,4 billion dollars in sports bets alone, which has accumulated over 24,8 million dollars in tax income for the state.

Here are the monthly numbers regarding sports betting handles, revenue, and tax income in the state.

  • November 2023:

    • Sports betting handle: $289.6m

    • Revenue: $14.1m

    • Tax income for the state: $954,073

    • TOP3 sportsbooks operators in Iowa right now:

      • 1) Diamond Jo-Dubuque (Handle: $72.6m, Revenue: $3.4m)

      • 2) Wild Rose-Jefferson (Handle: $45.4m, Revenue: $1.87m)

      • 3) Wild Rose-Clinton (Handle: $33.6m, Revenue: $1.58m)

  • October 2023: Handle: $255.3m, Revenue: $24.2m, Tax Income: $1.6m

  • September 2023: Handle: $245.7m, Revenue: $24.07m, Tax Income: $1.62m

  • August 2023: Handle: $141.2m, Revenue: $13.5m, Tax Income: $913,527

  • July 2023: Handle: $109.6m, Revenue: $10.6m, Tax Income: $715,638

  • June 2023: Handle: $115.5m, Revenue: $7.15m, Tax Income: $482,852

  • May 2023: Handle: $147.7m, Revenue: $16.6m, Tax Income: $978,738

  • April 2023: Handle: $172.5m, Revenue: $14.1m, Tax income: $953,605

  • March 2023: Handle: $232.6m, Revenue: $19.8m, Tax Income: $1.3m

  • February 2023: Handle: $193.3m, Revenue: $11.9m, Tax Income: $789,626

  • January 2023: Handle: $233.6m. Revenue: $16.5m. Tax income: $1.1m.

2022

  • December 2022: Handle: $229.9m. Revenue: $20.7m. Tax income: $1.4m.

  • November 2022: Handle: $247.5m. Revenue: $5.8m. Tax income: $1.6m.

  • October 2022: Handle: $238.8m. Revenue: $19.1m. Tax income: $1.3m.

  • September 2022: Handle: $200.2m. Revenue: $25.4m. Tax income: $1.7m.

  • August 2022: Handle: $122.6m. Revenue: $14.4m. Tax income: $969,968.

  • July 2022: Handle: $108.6m. Revenue: $11.2m. Tax income: $754,292.

  • June 2022: Handle: $122.4m. Revenue: $6.6m. Tax income: $445,594.

  • May 2022: Handle: $147.9m. Revenue: $12.6m. Tax income: $850,598.

  • April 2022: Handle: $177.4m. Revenue: $12.4m. Tax income: $838,174.

  • March 2022: Handle: $233.5m. Revenue: $14.4m. Tax income: $972,991.

  • February 2022: Handle: $215.9m. Revenue: $8.6m. Tax income: $593,540.

  • January 2022: Handle: $303.3m. Revenue: $14.3m. Tax income: $964,525.

What is legal to bet on in IA?

Licensed sportsbooks in IA offer an array of sports wagering markets across major sports leagues. For example, all bettors can wager on:

  1. Professional sports in Iowa: With IA sports betting apps, punters can bet on championship series and games, including the NBA, Super Bowl, and World Series. Therefore, punters can place wagers on all the most anticipated sporting events annually. Most of these gambling apps offer betting options in professional sports.

  2. Betting on races: IA has various racetracks that offer residents greyhound and horse race betting services. Punters in the state can place bets on their favorite horse or greyhounds either online or in person.

  3. Betting on collegiate games (NCAA): With IA sports betting apps and sites, bettors in the state can place bets on the Hawkeyes in the Big Ten Conferences. Players can wager on The Iowa State Cyclones in the Big 12 Conference. Punters must be of legal gambling age to participate in all these events.

Iowa Sports betting at casinos

Even before the legalization of sports gambling in Iowa, the state had casinos that offered in-person betting services to residents. Currently, Iowa has 19 registered and licensed casinos serving bettors statewide.

Notably, the sports gambling law requires each casino to partner with an online sportsbook which means that the state allows up to 38 bookies to launch within state lines. However, just a handful of sports betting apps are currently operational within the state. That said, online bookies' selection is broader than retail sportsbook operators.

Aside from sports, casinos in IA usually offer a wide range of things to wager on. The state has an available lottery, charity raffles, legal bingo, simulcast/parimutuel, and greyhound race wagering.

Gambling news and updates from IA

  • December 12, 2023: In November, Iowa sees a significant increase in sports betting with $289.7 million in wagers, marking a 17.1% rise from the previous year. This is the highest monthly total since January 2022 and a 13.5% increase compared to October 2023. Online operators accounted for $265.8 million of the total bets, while retail sportsbooks contributed $23.9 million.

  • September 6, 2023: Five current or former Iowa State athletes plead guilty to underage gambling as part of a state investigation into sports betting. They accepted reduced charges, dropping the original records tampering charge, and each received a $645 fine without further criminal action.

  • June 6, 2023: Bet365 expands its presence in the United States by launching in Iowa through a partnership with Casino Queen Marquette. This move follows Bet365's entry into several other states, including Virginia, Ohio, New Jersey, and Colorado.

  • May 10, 2023: No criminal charges have been filed in response to the Iowa and Iowa State collegiate athlete sports betting investigation.

  • May 8, 2023: Athletes from both University of Iowa and Iowa State are under investigation for participating in online gambling and violating NCAA rules. The direct violations have not been announced yet, but it is not suspected these athletes were wagering on their own sports or events.

  • February 28, 2023: In-person sports wagering is now available in Blackbird Bend Casino, becoming the first retail casino on tribal land offering in-person wagering within the state's borders.

  • January 27, 2023: The number of available sports betting apps for IA residents grows to 17 as Tipico launches its sportsbook in the state.

  • December 20, 2022: Globally known Unibet (Kindred Group) exits the Iowa sports gambling market.

  • June 1, 2022: TheScore Bet closes its online sportsbook in New Jersey, Colorado, Indiana, and Iowa to focus merely on the Ontario gambling market.

  • March 10, 2022: Iowa allows wagering on esports as the bill HF 2497 passes by a vote of 71-28.

Iowa (IA) - Some commonly asked questions (FAQ):

Is sports betting legal in Iowa?

Yes, online sports betting in IA is perfectly legal. The Iowa state legislature overwhelmingly approved the sports wagering bill back in 2019. Soon after the approval, the Governor signed off on the bill to make it law.

What sportsbook apps are there available in IA?

The state of Iowa has a wide selection of online betting apps operational, and as it is today, IA bettors can wager with BetRivers, Caesars,FanDuel, PointsBet, DraftKings, among others. The state still hopes to launch more online gambling apps during 2022.

How does online sports betting work in Iowa?

All the licensed online sports betting apps in Iowa are regulated by the IA Racing and Gaming Commission. The Iowa gambling law requires the online betting apps to work similarly which means that the apps have a relatively similar sign-up process.

Who regulates sports betting in IA?

When the state of Iowa legalized sports betting, it mandated the IA Racing and Gaming Commission with sports betting regulation. This is the only body required by the gambling law to issue licenses to both in-person and online sportsbooks and casinos.

What sports can I bet on in Iowa?

Even though Iowa is not home to any professional teams, a lot of sports are still available to bet on. Therefore, the online sportsbooks still offer various markets collegiate sports, professional league tournaments, and racing events.

Can I sign up for multiple sports betting apps in IA?

Yes, bettors in the state of Iowa are free to register and wager with several sports betting apps. Currently, the Iowa online gambling law has no restrictions on the number of bookies a bettor can sign up with.