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It's however early, but sports gambling in Iowa appears being 1 wager for On line casino operators that's speedily 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 via the Iowa Racing and Gaming Commission.

Fifteen of Iowa's 18 licensed casinos were being processing bets past thirty day period. (The state's three Wild Rose Qualities went Dwell with athletics wagering in early Oct.) The "tackle," or total amount of money wagered, eclipsed $38.5 million, with net revenue totaling $4,956,347. That's a hold of 12.nine%, and sportsbooks are generally pleased if numbers reach the higher single digits.

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Iowa turned the eleventh condition to legalize sports activities wagering when betting went Reside Aug. 15. The point out's casinos described about $8.five million in wagers around the main two months in sportsbook operation. No point out bordering Iowa has authorized sports activities wagering.