Iowa Lottery prepared to take sports bets if lawmakers approve

Comment #3

Bleudog101 — Thu, 07 Feb 2019 20:50:03 GMT

Casino interests always butting in when it won't affect them-bottom dollar that is. Remember the fuss that the few remaining casinos in Mississippi about a lottery coming there?

Don't even get me started on the Constitution of Nevada prohibiting the lottery from being played there. Two guesses who the lobbyists worked for there...think Las Vegas.

Comment #2

Stack47 — Thu, 07 Feb 2019 20:39:17 GMT

I can legally bet on horse racing on my PC, Ipad, phone, etc. in KY and now can use the same account to make sports bets but only if I'm physcially in New Jersey. It's all about personal betting preferences and lotteries in any state that offers casino type gambling and makes sound business sense to offer some of those games online too.

Online stock trading started right after Al Gore invented the Internet and even though some people lost millions, I never heard the same people will lose all... [ More ]

Comment #1

Coin Toss — Thu, 07 Feb 2019 18:28:16 GMT

From the OP

The Iowa Lottery says it has all of the infrastructure in place already to allow for small bets to be taken at retailers.

I wonder how small they are talking. The average person going after a jackpot with one, two or three dollars isn't going to get excited about betting $110 to win $100.

Also from the OP

The New Jersey sports book in this most recent Super Bowl lost money,

One of the Vegas casinos I worked in stiffed all the people on profit sharing one year, the e... [ More ]

Iowa Lottery prepared to take sports bets if lawmakers approve

Lottery Post — Thu, 07 Feb 2019 17:41:01 GMT

On Wednesday the Iowa legislature began what will likely be a long conversation over legalizing sports gambling in Iowa.

A legislative subcommittee considered four separate bills on Wednesday that would legalize betting on professional and collegiate sports. A 2018 US Supreme Court ruling lifted the federal moratorium on the activity.

Delaware was the first state to take advantage of the ruling and begin taking bets on sports. Their system allows sports gambling at casinos as well as at lo... [ More ]