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

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

Fifteen of Iowa's eighteen accredited casinos were processing bets final month. (The condition's 3 Wild Rose Houses went Stay with sporting activities wagering in early Oct.) The "handle," or complete amount of money wagered, eclipsed $38.5 million, with net income totaling $4,956,347. That's a keep of twelve.nine%, and sportsbooks are frequently happy if numbers get to the high single digits.

SPORTS GAMBLING 101:What new, experienced bettors require to understand in Iowa

Looking forward to Everyday FANTASY:Why DraftKings, FanDuel are not working Individuals games here yet

Iowa turned the eleventh condition to legalize sports wagering when betting went live Aug. fifteen. The condition's casinos noted about $8.five million in wagers in excess of the primary two weeks in sportsbook Procedure. No condition bordering Iowa has legal sporting activities wagering.