Iowa’s In-Person Registration Expires: Anticipated Sports Bettors Boom
The previous need for in-person registration, which limited sports betting in Iowa, has expired. This will give sports fans the freedom to create online casino wagering accounts.
Sports betting first became legal in Iowa in August 2019, and the gambling law required that bettors open accounts in person in a brick-and-mortar casino before they can bet via mobile casino apps and online. This in-person requirement has now expired since January 1, 2021.
Growth of Sports Betting in Iowa
After legalizing sports betting, sportsbooks handled $368m and generated $25m in income. However, that number went over just five months into the current fiscal year. More than $27 million in revenue, including $13.8 million from online betting, thanks to Covid 19 protocols that encourage players to avoid physical gaming centers.
Industry experts argue that online live casino betting can account for as much as 90% of the total revenue. Once the in-person registration requirements are complete, it will be easy for more people to participate.
There are currently eight sports betting organizations authorized to run mobile betting apps within the region of the state. However, the Racing and Gaming Commission estimates that the number will increase to 20 soon since different operators are obtaining their licenses.
A Sharp Rise in Sports Betting Application
Iowa Racing and Gaming Commission Administrator Brian Ohorilko said the recent spike in sports betting license applications is similar to when the state legalized the practice.
He saw more agreements between online sports betting platforms and real-world casinos, with many obtaining a second or third site.
The Gaming Commission can approve a third branded betting site for land-based casinos.
The previous requirement for in-person registration met with furious opposition when it first came up. The critics claimed it would hinder people from participating and limit the flow of revenue.
However, the lawmakers who defended the decision noted that it was only a temporary requirement to introduce the people to the online betting world; after all, the brick-and-mortar casinos offered better security.
Where Else is in-person registration in Force?
Another state that enforced the in-person registration requirement was Illinois in 2019 summer when they legalized sports betting. However, Gov Pritzker lifted the requirement in June since the land-based casinos were locked due to the Coronavirus pandemic. Even when they were reopened, players were encouraged to stay away from crowded places.
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