When you sign-up through links on our site, we may earn an affiliate commission. Learn more >
This week, Iowa legislators moved a sports betting bill out of committee with an eye on voting on the measure soon.
The state’s Senate Ways and Means Committee gave the go-ahead for SF 366 keeping the bill alive for further debate inside the current legislative session.
The bill focuses on allowing bettors to make in-person wagers on sporting events at any of the state’s casinos and horse tracks.
What arose from the latest version of the bill that surprised gambling experts is that the state is going to allow third-party vendors to bid on creating partnerships with the state’s casinos.
This could create agreements much like how FanDuel and DraftKings have entered partnerships with casinos in states like New Jersey.
Another popular form of sports betting, online through an app, is also included on the bill which would allow residents to vote from anywhere inside the state’s boundaries.
The sports betting measure has been championed by Republican congressmen since the Supreme Court decision in 2018 that struck down Nevada’s monopoly.
Governor Kim Reynolds, also a Republican, has made no statement that would impede the bill from becoming law soon after the bill passes.
Although there are a few more mountains to climb for the bill to become law, Iowa is poised to become a state where sports betting is legal in the not-so-distant future.
Senate leaders in Iowa will bring the bill to the floor for debate, but experts believe that the measure will find a soft landing when a vote is finally called.
The state Senate will also have to decide how to spread the revenue from taxes that the bill brings in.
Some senators want the money to go toward educational programs while others feel that the money would be best served to enhance infrastructure within the state.
If the bill passes this session, that does not mean that Iowans should race down to their local casino to immediately start placing bets.
The law will allow casinos and race tracks to begin the licensing application process as early as July of this year.
The application process will take several months before the state can approve licensing.
So, the best-case scenario for implementation of a sports betting law in Iowa would be earmarked for early 2020, perhaps in time for the NFL playoffs and Super Bowl.
Prairie Meadows Racetrack and Casino has already partnered with sportsbook operating company William Hill to build a state-of-the-art sportsbook on their premises.
“We are excited about the prospect of sports betting in Iowa and are thrilled to partner with Prairie Meadows to be ready for the day when sports betting is legal in the state,” said William Hill US CEO Joe Asher.
Prairie Meadows recently completed construction of an 8,600 square foot facility that will feature state-of-the-art technology including live betting, large high-definition screens and plenty of room for gamblers.
“Once the legislative process is complete, this innovative partnership will provide many fun and unique sports betting options for our guests,” said Brad Rhines, senior vice president and chief strategic officer of Prairie Meadows.
Until then, if you reside in New Jersey and want to place a bet on sports, you can do that here:
Betting Site | Bonus | Rating | Bet Now |
---|---|---|---|
DraftKings | UP TO $500 FREE BET* | 9.1/10 | |
888Sport | $500 | 9.3/10 | |
BetStars | UP TO $500 RISK FREE BET | 9.2/10 |
Betting
North Carolina Sports Betting Legalization Coming Soon?
Betting | 30 May, 2023 | Caleb Tallman
Betting
New York 3rd Party Sports Betting Advertisers & Affiliates Legal Updates
Betting | 24 May, 2023 | Caleb Tallman
Betting
Fanatics Put Betting Promo Merchandise Combo Offer on Hold
Betting | 22 May, 2023 | Caleb Tallman
© Rebel Penguin ApS 2023 (a subsidiary of Gaming Innovation Group Inc.)
We support responsible gambling. If you feel like you're losing control over your gambling experience, call
1-800-GAMBLER (NJ, PA, WV), 1-800-9-WITH-IT (IN), 1-800-BETS-OFF (IA), 1-800-522-4700 (NV), 1-800-522-4700
(CO,
TN), 1-855-2CALLGA (IL), 1-800-270-7117 (MI).
WSN.com is run by iGaming Cloud Inc (a Gaming Innovation Group Subsidiary) and is registered with the New Jersey
Division of Gaming Enforcement (DGE) under affiliate vendor ID
89744,
with the Indiana Gaming Commission (IGC) under certificate of registration number SWR-000148, approved by
the
Pennsylvania Gaming Control Board as a gaming service provider, under certificate registration number
117656-1,
possesses a Vendor Minor sports betting license from the Colorado Limited Gaming Control Commission (account
number 94414163), granted a vendor registration number VR007603-20-001 by the Michigan Gaming Control Board,
an
interim Sports Wagering Supplier license, under license number SWS 066, issued by the West Virginia Lottery
Commission, a sports betting vendor registration, under registration number #100400, issued by the Director
of
Gaming Licensing and Investigations of the Virginia Lottery to operate in the State of Virginia, and a
Vendor
Registration issued by the Sports Wagering Committee of the Tennessee Education Lottery Corporation.
Advertising disclosure: WSN contains links to online retailers on its website. When people click on our
affiliate links and make purchases, WSN earns a commission from our partners, including ESPN and various
sportsbooks.