Casino

Lowa’s Collects $8.5m as Wagered Money from 13 Participating Casinos

DES MOINES, Iowa clamors over $8.5m to have been wagered at 13 casinos that participated in its first-month sports betting.

The sports betting was legalized in the state in May of 2019 and took online in August of 2019. This new initiative of the gaming industry is controlled and regulated by the Iowa Gaming Commission and Iowa Racing.

The top state’s casino was Prairie Meadows in the region of Altoona. They gained $3.4m in sports betting & gave out a little around $2.9m. Des Moines is just near 12 miles away from the place, hence these numbers must not be of any surprise.

Prairie Meadows has collaborated with America’s leading operator in the sportsbook, William Hill, to enable a smooth sports betting process. It is powered by advanced wagering technology, that includes high-end mobile and sports products online. The wagers range from a range of professional sports like football, baseball, basketball and more.

According to a report, the numbers are announced by the Gaming Commission of Iowa & Iowa Racing that clearly depict that the state collected more than $146,000 tax money given by the participating wagers.

The news also covers Prairie Meadows topping Ameristar ll in Altoona on Council Bluffs, having over $3.4m in the sports arena and wagered money on bets, with approximately $2.9m disbursed to the betters.

This August 15th, Iowa has become the 11th nation to enable such wagering events. It is also the first region in the midwest to have done so. Iowa’s law lets betting offline or online on a mobile app. Although online betting on the mobile app should be done only within the state borders. The betting app consists of geofencing technology based on precision that negates the bets that are done beyond the boundaries of Iowa.

There are local bookies that can be contacted to make a bet. But the numbers from wagers after the legalization of sports betting in Iowa is only going to go up in the ladder.

David Bright

David Bright joined Times of Casino as a news writer focused on the casino industry. He holds a bachelor degree in Economics and Accounting and currently contributing in-depth news articles. David writes on the casinos, gambling legislation, poker, and much more.

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