Legal Iowa Sports Betting

Future Of Legal Sports Betting Market In Iowa

Despite the regulation of both retail and online sportsbooks, the state of sports betting in Iowa continues to evolve. Regulation has trended towards allowing more and more freedom as to what the sportsbooks can offer betting odds on. An example of that from the 2022 legislative session would be House File 2497. HF 2497 got signed by the Governor on June 17th, permitting esports betting and allowing a wider variety of depositing methods for sportsbooks (i.e. cashless options).

Iowa’s Sports Betting History

• March 10, 2022 – Iowa will allow  esports betting after the passage of HF 2497, which passed by a vote of 71-28.
• March 4, 2022 – Iowa will expand sports betting to allow cashless betting and more bet types, as HSB 200 passes by a vote of 78-21.
• March 1, 2021 – Iowa’s casinos will now be able to sell off a third sports betting skin, increasing casino revenue and sports betting options.
• February 17, 2021 – Iowa spends time debating HSB 200, which would regulate esports betting, but it does not pass in the 2020 legislative session.
• January 1, 2021 – Iowa’s sportsbooks will no longer require in-person registration for sports betting.
• October 20, 2020 – Iowa has fined DraftKings, the Rhythm City Casino and the Diamond Jo Casino for violations of sports betting and gambling regulations.
• June 5, 2020 – Iowa will not allow credit cards as a method of payment at sportsbooks, and they will also not allow esports betting.
• December 1, 2019 – All 19 licensed casinos in Iowa will be able to offer sports betting, with two skins available to each.
• October 28, 2019 – DraftKings is officially open in Iowa as a DFS operator.
• August 25, 2019 – The Hard Rock Sioux City is open and accepting sports bets for Iowa residents.
• August 15, 2019 – Tim Dwight, formerly of the Iowa Hawkeyes, has placed the first regulated sports bet in Iowa at AmeriStar sportsbook.
• July 31, 2019 – Iowa’s final draft of sports betting regulations have been approved.
• April 24, 2019 – IA SF 617 has passed the House with a vote of 67-31, meaning that Gov. Kim Reynolds’ signature is the only thing standing between Iowa and regulated sports betting.
• April 23, 2019 – Iowa’s senate passes IA SF 617, which would regulate sports betting in Iowa. It passed by a vote of 31-18.
• April 10, 2019 – Multiple Iowa sports betting bills appear to be getting traction, and Gov. Kim Reynolds has appeared to be open to the idea.
• February 23, 2019 – Two sports betting bills have been proposed in Iowa: IA SB 1168 in the Senate and IA HB 198 in the House.

What Teams Can I Bet On?

If you’re interested in what home teams you can bet on in Iowa, there’s good news and bad news. The good news is that there are several Division-I NCAA teams to follow. The bad news is that there are no teams from any of the US major professional sports leagues operating in the state. That said, there’s plenty of Iowa fandom for teams like the Vikings and Packers, the Cubs, the Bulls, and the Blackhawks. Whether you use an in-state book or are visiting Bovada, SportsBetting, or BetOnline you can bet on any Iowa team or any other club your heart desires (though it’s recommended that you always bet with your head, not your heart).

How To Bet On The Hawkeyes In Iowa

Iowa Hawkeyes athletic teams have been some of the most profitable in the nation in recent seasons. Their football team has finished above a .500 record in each of their last ten seasons and has gone 33-25-2 ATS over their last five seasons. They covered the spread in that span by +4.3 points and won their games by 9.1 points on average. As for their basketball team, they’ve made the March Madness tournament in six of their last nine seasons and have gone a 53.5% success rate (91-79-5) ATS over their last five seasons.

Iowa Football Past ATS Records

• 2021: 7-6-1
• 2020: 5-2-1
• 2019: 6-7
• 2018: 8-5

Iowa Basketball Past ATS Records

• 2021: 22-14
• 2020: 15-15-1
• 2019: 19-10-2
• 2018: 15-20

Iowa State Cyclones Betting In Iowa

The Iowa State Cyclones haven’t had as much success as the Hawkeyes have had in recent seasons, but there is still a profit to be made betting against them both in football and basketball. Their football team has gone 28-34-1 against the spread and are failing to cover by -0.3 points on average. Their basketball team isn’t much better at a 78-85-3 record ATS while failing to cover by -0.4 points.

Super Bowl Sportsbooks In Iowa

Iowa’s top sportsbooks are all located internationally – these books are the top online sportsbooks in the world, and of course that makes them the top online sportsbooks in Iowa as well. These sportsbooks – such as Bovada, BetOnline and MyBookie – are excellent options for anyone looking to bet on the Super Bowl. These sportsbooks take cryptocurrency as well as US dollars, and offer big bonuses to players who wish to wager on Super Bowl 58.

Which Sportsbooks Are The Most Successful In Iowa?

The sportsbooks that take in the most bets in Iowa are Caesars, DraftKings, and FanDuel. Though each month is different, these Iowa sportsbooks often take in about 70% of all action. DraftKings is the leader with FanDuel just behind. As far as Iowa casinos with sportsbooks, these six are the clear leaders.

• Diamond Jo Dubuque – $398.7 million
• Isle Casino Hotel Waterloo – $350.5 million
• Wild Rose Jefferson – $302.6 million
• Diamond Jo Worth – $264.6 million
• Prairie Meadows Racetrack & Casino – $247.7 million
• Wild Rose Clinton – $235.6 million

Can I Bet Real Money On Sports In Iowa?

Yes. After all, money is the best thing to use. In fact, it’s the only thing to use! With various sports wagering venues and services about the state, you will find a plethora of sportsbooks that are willing to accept your action. Keep in mind that the majority of these books are supplied and operated by different companies, meaning if you want to increase your chances to win real money at an Iowa sportsbook, you should shop lines to find the best price around.

What Is the Sports Betting Age In Iowa?

The legal age at which one can wager on sports in Iowa is 21 years old. This goes for both state-licensed online sportsbooks and land-based sportsbooks in casinos. While online books accept members at 18, it’s important to defer to explicit sports betting age laws. This means that even if you sign up at an overseas sports betting site, you’ll want to be at least 21 before you do so.

Cryptocurrency Online Betting Sites In Iowa

Cryptocurrency is one of the most popular accepted payment methods at some Iowa online betting sites. It is one of the most convenient payment methods that you could bet with for several reasons. First, all of the sites that take crypto are all compatible with a variety of crypto wallets that way you can directly link them to your account. They also do not have any transaction fees associated with them either. That said, you can choose from up to 17 different cryptos to bet with on some sites.

• Bitcoin (BTC)
• Ethereum (ETH)
• Solana (SOL)
• Litecoin (LTC)
• Avalanche (AVAX)
• ApeCoin (APE)
• Shiba Inu (SHIB)
• Cardano (ADA)
• Dogecoin (DOGE)
• USD Coin (USDC)

Deposit Methods For Iowa Online Sportsbooks

Making an online betting deposit comes very easily and without any hassle. The entire process from start to finish with any deposit method can take up to just 5 minutes on any given online betting site in Iowa. Regardless of which method you choose though or which online sportsbook, you’ll need to follow the processing times, transaction fees, and limits that can vary depending on which you choose.

• Credit/Debit Card (VISA, MasterCard, AMEX, Discover)
• MatchPay (Venmo, CashApp, Zelle, PayPal, etc.)
• Cryptocurrency
• Wire Transfer
• Money Order
• Voucher

Withdrawing From Iowa Betting Sites

Collecting your winnings from your online betting account in Iowa is just as simple and requires all of the same guidelines to be met such as fees, processing times, and limits. The things to note though come with your credit and debit cards as well as crypto. You won’t be able to withdrawal back to your debit cards and will need to choose one of the other online banking methods. Also, you will only be able to withdrawal with cryptocurrency if you made that initial deposit with that specific crypto.

• Cryptocurrency
• Voucher
• Wire Transfer
• Check By Courier
• ECheck
• Money Order
• MatchPay

Daily Fantasy Sports In Iowa

Daily fantasy sports were considered to be illegal in the state prior to the passage of IA SF 617 – the same bill that legalized sports betting in Iowa. Now, operators are eligible to enter the state with a licensed behind their name, allowing residents to enter into both paid and unpaid daily fantasy sports contests. FanDuel and DraftKings are the two biggest daily fantasy operators in the country, so you better believe nobody took the news better than these gaming companies.