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The gaming association, which backed House File 2448, is planning to meet with legislators this summer to educate them on the pros of legalizing sports betting and setting a tax rate that would allow Iowa casinos to compete with offshore, illegal sites “and certainly the tribal casinos — neither of which will pay any taxes.” But it’s not just casinos, Highfill said. Convenience stores, grocers and other retailers are interested, and some professional sports leagues want an “integrity fee” if the state gets into sports betting. There’s room for both the Lottery and casinos, Neubauer said, noting that about 70 percent of sports betting worldwide is operated through lotteries. Currently, the Iowa Racing and Gaming Commission oversees casino gambling while the Lottery oversees the state’s involvement in a variety of games including scratch tickets and the multistate Powerball. Casinos are more likely to offer what Neubauer called “full-blown sports betting” on everything from the coin toss at the start of a game to whether the next pitch will be a ball or strike to the outcome of a championship game or series. Lottery retailers likely would offer a few standard choices designed to appeal to the more casual bettors rather than the full-scale sports bettor, Neubauer said. Whatever the appeal of the games, sports betting doesn’t appear to offer a huge jackpot for the state. Highfill estimates the state’s cut of sports betting would be in the “tens of millions.” Thank you for signing up for our e-newsletter! You should start receiving the e-newsletters within a couple days.
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