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It is really nevertheless early, but sporting activities gambling in Iowa appears for being one wager for On line casino operators that is swiftly shelling out off.

Iowa casinos processed close to $40 million in athletics wagers in September, the main total thirty day period of legalized sporting activities gambling, Based on income figures posted late this 7 days via the Iowa Racing and Gaming Fee.

Fifteen of Iowa's 18 licensed casinos had been processing bets very last 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 full amount of cash wagered, eclipsed $38.five million, with Web revenue totaling $four,956,347. That's a hold of twelve.nine%, and sportsbooks are generally pleased if numbers reach the higher single digits.

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