Iowa is one signature away from legalized sports gambling

Last week, the Iowa Senate showed its support for a sports gambling bill, approving it by almost a two-to-one margin. This past Monday, the House stepped up, as well, giving the “ayes” to the bill by a vote of 67-31. The only thing standing in the way of legalizing sports gambling in the state is one pen and one signature, that of Governor Kim Reynolds. However, that one step is not going to come easily.

The sports gambling bill would allow the Iowa Racing and Gaming Commission (IRGC) to create the regulatory framework for the activity. Bets would be allowed on professional, international and college-level sports events, including motor racing, but certain events would be off-limits. Among these are minor league games and in-state college athletes.

Daily fantasy sports and Internet fantasy sports would also become legal thanks to the bill. However, betting on college-level activity would be delayed until May of next year.

The IRGC is expected to have the framework in place by this summer, with the 19 casinos in the state then eligible to offer sportsbooks. Wagers will be possible at both the casinos and on mobile apps, if the casinos offer them, and would be restricted to gamblers 21 years old or older.