(DUBUQUE, Iowa) – On Monday, Governor Kim Reynolds signed a bill that would legalize sports betting in Iowa. Now, the Diamond Jo Casino has new plans in the works to incorporate sports betting into their casino.
Wendy Runde, General Manager for the Diamond Jo Casino, said that they already have big plans in the works for sport betting. She hopes that it will encourage more people to come into their casino.
“We’re looking at it as an opportunity. There is mass appeal in this activity,” said Runde. “And it’s an opportunity to drive traffic into our casino floor and into our doors in general.”
Runde said that Boyd Gaming, who owns the Diamond Jo Casino, has seen success with sport betting in their other casinos.
“And it definetly has been a proven revenue growth driver for our sister properties at Boyd Gaming with recent legislation changes in Mississippi and Pennsylvania,” said Runde.
The bill includes a 6.75% on net receipts and gives the Iowa Racing and Gaming Commission the sole authority over sports betting.
Brian Ohorilko, Iowa Racing and Gaming Commision Administrator, said that they hope to have the regulations within the bill finalized in August; just in time for football season.
“It might be nice to be in a situation where wagers are accepted prior to that in an effort to work out any bugs, if there are any, prior to the busy season,” said Ohorilko.
One of the ways casinos will be including sports betting is through the use of internet apps. The bill allows casinos to partner will sport betting applications. However, players must physically check into a casino to verify their age and identity in order to participate.
The bill immediately legalizes fantasy and internet sports betting for adults 21 or older. The bill does not bets to be placed on minor league teams, in-state collegiate teams and some sporting events.