If you have a passion for sports and like to bet on the big game, you may be interested in registering for an Iowa sportsbook. The state of Iowa recently legalized sports betting, with the retail launch occurring in August. The state’s sports betting law also permits mobile users to register for sportsbooks from anywhere in the state, starting in January 2021. There are a number of live operators in Iowa, including DraftKings and PointsBet.
Legalized sports betting in Nevada
The Nevada gaming commission has formally approved sports betting in the state, and casinos have started accepting wagers on certain sports leagues. The law states that all sports betting must take place in person, so the state’s casinos are unable to accept wagers over the internet. However, the state does plan to offer sports wagering online once the gaming commission has enacted regulations.
Legalized sports betting in Nevada has a long history in the state. The state has had an unmatched love of sports over the past 100 years, and the Raiders are only two years away from being the first NFL team in the state.
Legalized sports betting in Colorado
In November, voters in Colorado approved the legalization of sports betting. Since then, Colorado residents have had access to the latest sports odds and may place wagers online, via state-regulated sportsbook apps. However, the state does not prohibit offshore sportsbooks on the Internet, and there are currently no restrictions on these operations. Colorado has since authorized 11 retail sportsbooks, ranging from national brands to international bookmakers like Betsson.
In the first year of legalized sports betting in Colorado, the state collected $6.6 million in taxes. The money will be distributed to sports programs starting this fall. Although the passage of Proposition DD by the Colorado state legislature was controversial, the initiative was ultimately successful, and the state’s casinos and sportsbooks now accept bets from residents of all 50 states. The state’s casinos and sports books will have to pay a 10 percent tax on profits from sports wagering, which will go directly into state coffers.
Legalized sports betting in Iowa
The legalization of sports betting in Iowa has largely gotten off to a rocky start. Casinos in the state saw their net profits plummet by more than 20 percent, the lowest totals since 2006, and attendance dropped to the lowest levels in 25 years. However, those numbers aren’t conclusive. If legalized sports betting in Iowa continues to flourish, the state will likely see a huge boost in revenue from the new industry.
According to a survey conducted by the American Gaming Association, 39% of respondents in Iowa are interested in sports betting. That number is relatively high, as Iowa has a population of over three million and more than two million residents over the age of 21. However, the survey focuses on people who are already interested in opening an account, and only 19 percent of the sample has actually placed a bet through a sports book.
Legalized sports betting in Wyoming
The state of Wyoming is considering legalizing sports betting, and this bill has received bipartisan support. The bill was introduced by Republican Rep. Tom Walters in February of 2021, and it would have allowed mobile sportsbooks. It failed by a vote of 32-27, though it was reported that four lawmakers changed their votes in favor of it. This may have meant that the issue had little chance of passing the House and Senate in 2020. But it is certainly a good sign that sports betting is on the way to legalization in Wyoming.
The state has also made progress in allowing online sports betting. The Wyoming Gaming Commission has approved three online sportsbooks. BetMGM and DraftKings opened sports betting in Wyoming this September, and both have logged nearly $6 million in wagers in their first month of operation. The WGC is expected to approve at least one more operator at its meeting on Nov. 5.