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It's even now early, but sports gambling in Iowa appears being 1 wager for On line casino operators that's promptly paying off.

Iowa casinos processed close to $40 million in athletics wagers in September, the first total thirty day period of legalized sporting activities gambling, In accordance with profits figures posted late this 7 days by the Iowa Racing and Gaming Commission.

Fifteen of Iowa's 18 licensed casinos have been processing bets very last thirty day period. (The point out's three Wild Rose Qualities went Dwell with athletics wagering in early Oct.) The "cope with," or full amount of cash wagered, eclipsed $38.five million, with Web revenue totaling $four,956,347. Which is a keep of twelve.nine%, and sportsbooks are frequently pleased if numbers reach the higher single digits.

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Iowa became the 11th point out to legalize athletics wagering when betting went Dwell Aug. 15. The state's casinos claimed about $eight.5 million in wagers more than the first two months in sportsbook operation. No state bordering Iowa has lawful sports activities wagering.