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It can be nonetheless early, but athletics gambling in Iowa seems for being a person bet for casino operators that may be swiftly spending off.

Iowa casinos processed close to $40 million in sports activities wagers in September, the main complete month of legalized athletics gambling, according to income figures posted late this week because of the Iowa Racing and Gaming Fee.

Fifteen of Iowa's eighteen licensed casinos had been processing bets previous thirty day period. (The point out's a few Wild Rose properties went Reside with sports activities wagering in early October.) The "take care of," or overall amount of cash wagered, eclipsed $38.five million, with Web earnings totaling $four,956,347. Which is a keep of twelve.nine%, and sportsbooks are generally pleased if numbers reach the higher single digits.

Sports activities GAMBLING one hundred and one:What new, knowledgeable bettors need to have to be aware of in Iowa

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Iowa grew to become the 11th state to legalize sports wagering when betting went Are living Aug. fifteen. The condition's casinos documented about $8.five million in wagers about the 1st two weeks in sportsbook operation. No point out bordering Iowa has authorized sports activities wagering.