Iowa’s Grand Falls Casino Plans $10 Million Expansion

One of Iowa’s most popular casinos is set to undergo a major expansion project. The Grand Falls Casino, located in Larchwood, has confirmed that it’s investing $10 million into hotel-casino expansion. It’s exciting news for gambling fans in the Northwest area of Iowa.State of Iowa On Map

The state of Iowa is working hard to expand its gambling industry. Today, we’re going to look at what we know about the Grand Falls Casino’s expansion plans. We’ll also talk about some of the other new gambling options available in Iowa right now.

Grand Falls Casino is Set to Expand Significantly

Three months ago, officials at the Grand Falls Casino announced they were looking to expand the property. Gambling revenue has been increasing here and many believed it was time to make things bigger and better for guests. This week, these officials announced that the expansion plans have been finalized.

$10 million is being invested into the hotel-casino. $8.5 million will be spent on building an additional hotel. This new hotel will be four stories tall and will include 66 new rooms for guests. It will be constructed on a hillside directly next to the casino floor.

The other $1.5 million is going towards the construction of a new sportsbook. This casino has discussed building a land-based sportsbook ever since Iowa legalized sports gambling back in August.

Dan Kehl, CEO of the Grand Falls Casino, commented on the major expansion plans to the media this week.

“Today’s a big day for us as we embark on the beginning of a $10 million investment into the property,” he said. “I think it’s going to add a lot more excitement to the gaming floor. It’ll raise the energy level when you have that many more guests here at the resort.”

The casino plans to begin construction within the next couple of weeks. Hope is that everything is completed by Memorial Day of 2020.

Sports Betting is Now Legal in Iowa

Back in May of 2018, the US Supreme Court struck down PASPA. Now, every state in the country can set its own laws on sports gambling. Lawmakers in Iowa began looking into sports betting legalization and August 15th, the state’s first regulated sportsbooks began operating.

Sports betting is proving to be an extremely lucrative industry for many states. Fortunately for the state of Iowa, legal sports betting options are already bringing in some impressive revenue figures.

According to the state’s first sports betting revenue report, Iowa casinos generated millions from their sports gambling operations. More than $8.5 million in total was spent on sports wagers in this state last month. The casinos earned $2.2 million and the state received $145,914.

It’s likely that the state has already generated millions more during the month of September. Just about every casino in Iowa now operates a sportsbook. Soon, the Grand Falls Casino in Larchwood will begin construction on its new sports betting area.

Many other states will soon be rolling out their sports gambling operations, as well.

More States Gear Up to Launch Their Sports Betting Options

There’s never been a better time for sports betting fans in the US. Today, nearly 20 states have chosen to legalize and regulate their sports gambling markets. Several of these states are currently preparing to officially launch their first sportsbooks.

New Hampshire officially legalized sports betting on July 12th. Under the state’s set of gambling laws, both land-based and online sports betting will be available. It’s unclear exactly when the first sportsbooks will launch, yet most feel it will be before the end of 2020.

North Carolina once had an extremely strict set of gambling laws that banned most forms of traditional gambling. Interestingly, lawmakers in this state chose to legalize sports gambling this year. Governor Roy Cooper officially signed a sports betting bill into law on July 26th that allows sports betting on tribal lands.

Many other states are currently discussing plans to legalize sports gambling. Recently, several politicians have also begun calling for sports gambling to become federally legal. Many believe it will help to establish a clear set of rules on this industry.

The Grand Falls Casino is set to expand. Make sure to stay tuned for more updates to Iowa’s gambling industry over the next few months!

Sports Betting in Iowa is Bringing the State Millions

On August 15th, regulated sports betting became available in Iowa. It’s proving to be an extremely lucrative industry for the state. Sports betting in Iowa has generated $2.2 million in total revenue for casinos here.

Sportsbook Inside Casino

It’s great news for this state, which is working on new ways to generate money from the gambling industry. Let’s take a quick look at the state’s decision to legalize sports gambling, and how much money this industry is expected to bring in over the next few months.

Iowa Officially Begins Offering Regulated Sports Betting Options

In May of 2018, the Supreme Court decided to strike down PASPA. Before this decision was made, only Nevada was legally allowed to offer sports betting odds. With PASPA now gone, every state can set laws on the sports gambling industry.

Several states quickly began regulating sports gambling and are now earning millions of dollars every month. Earlier this year, lawmakers in Ohio started expressing interest in legalizing the sports betting industry. In May, Governor Kim Reynolds officially signed a comprehensive sports betting bill into law.

Under this set of laws, sports betting operators must pay a $45,000 licensing fee. Sports gambling tax revenue is taxed at 6.75%. Interestingly, Iowa allows mobile and online sports wagering. Sports betting in Iowa is regulated by the state’s Racing and Gaming Commission.

It’s well-known that this state has one of the biggest sporting fan bases in the country. Many felt the decision to start offering regulated sports betting options would pay off massively for the state of Iowa. These predictions are proving correct. New reports have surfaced that show the state earned millions in its first two weeks with legal sports gambling.

Sports Betting in Iowa is Already Bringing in Millions

The first sports betting revenue report has been officially released. According to this report, licensed sports betting operators earned $2.2 million after just 16 days of operating. It’s an impressive figure that lawmakers have to be pleased about.

The Prairie Meadows Racetrack and Casino brought in the most money last month. This gaming venue’s total sports betting handle was $3,411,885, with revenue earnings of $532,771. Ameristar Casino & Hotel in Council Bluffs earned the second-most revenue at $480,650.

Only two companies currently operate regulated online sportsbooks in Iowa. William Hill and Elite Sportsbooks both run several internet sports betting platforms here. Combined, the two companies earned $424,129 from their Iowa betting operations.

As of now, online sports betting accounted for about half of Iowa’s total sports gambling revenue. Many feel this will change in the future. Other states with online sports betting operations, such as New Jersey, earn approximately 85% of their sports betting revenue from online gambling platforms.

It’s clear that sports betting in Iowa is taking off. In just a couple weeks, casinos in Iowa brought in $8.5 million in total sports wagers. In time, this state’s sports betting market may compete with other nearby states such as Pennsylvania.

More States Gearing Up to Offer Sports Betting Platforms

As we mentioned earlier, many states now have active, regulated sports betting options up and running. Six more states have approved sports betting bills and are set to launch sportsbooks over the next few months. One state that’s likely to roll out sports betting platforms soon is Montana.

In May of this year, Steve Bullock, the Governor of Montana, approved a 28-page bill to legalize and regulate the sports betting industry. The Montana Lottery will be responsible for regulating the sports betting market. Lawmakers here claim that sports betting will launch here sometime in 2019. Many feel the first Montana sportsbook will launch in October.

Illinois has also recently approved sports gambling. In June, Governor J.B. Pritzker approved a new gambling expansion bill that allows for several new casinos and sports betting options in the state. Betting will not be allowed on minor-league sports and events involving Illinois collegiate teams. The first sportsbook will launch here before the end of 2019.

In time, it’s likely that every state in the country will offer some form of regulated sports gambling. Recently, several major politicians have even begun calling for sports gambling to become federally legal.

As we can see, sports betting in Iowa is proving to be extremely lucrative. More states are realizing the huge earning potential from this industry.

Stay tuned for more US sports gambling updates over the next few months!

Is Regulated Online Poker in Iowa Coming Next Year?

Not long ago, lawmakers in Iowa officially approved a bill to legalize and regulate sports betting. Many casinos in this state now offer sports betting options. This week, several major gambling operators started calling for online poker in Iowa to become regulated, as well.

Playing Cards And Poker Chips

Internet poker gambling is growing more popular than ever before. Based on Iowa’s acceptance of sports betting, there’s a very good chance that the state will begin regulating the online poker industry. Let’s look at what to expect here.

Iowa’s Gambling Laws Continue to Evolve

Gambling has taken place in Iowa for years. In 1991, lawmakers began allowing individual counties to vote on whether or not they want to allow casinos. Since that time, 20 casinos have opened in this state.

The horse race business is also booming in Iowa. There are three race tracks here, one of which acts as a “racino,” offering horse racing odds and casino-style gaming options. Many locals head to these race tracks every single day.

In 2019, a new sports betting bill was introduced to the state legislature. It was quickly approved and lawmakers began planning on how to allow launch sports betting in the state. On August 15th, eight different casinos here began officially offering sports betting odds. Just two weeks later, the popular Diamond Jo Casino launched its sportsbook, as well.

Now, many are calling for online poker in Iowa to become legalized. There have been numerous attempts to legalize this industry yet they’ve all been pushed aside. With sports betting now legal, this may be the perfect time to start regulating Iowa’s online poker market.

Online Poker in Iowa May Soon Become Legal

It’s clear that politicians in Iowa are interested in expanding the state’s gambling market. Sports betting is expected to bring the state millions of dollars in additional revenue every single year. Some major online gambling operators are now pushing for internet poker to be legal here.

There are a number of reasons why this may happen. First, poker is considered to be a game of skill. Under Iowa’s set of gambling laws, games of skill can be wagered on. Many states have already legalized online poker. These states are profiting massively as a result.

Many feel that online poker will also help to bring more visitors to the state’s land-based casinos. It’s well-known that those new to poker prefer to make their wagers online to gain experience. As these players gain more experience, they will choose to play inside real poker rooms.

Yaniv Sherman, head of commercial development for 888, recently gave his take on legalized online poker in Iowa.

“Absolutely, we think that poker is the next logical thing,” he said. 

Online Gambling Continues to Grow More Popular in Iowa

Despite the fact that online gambling is not yet regulated in Iowa, many residents here choose to make their wagers online. Today, there are a huge number of amazing online casinos sites in IA. Most of these websites offer all major casino games including blackjack, slots, and poker games.

One of the most popular sites to play online poker in Iowa is Bovada Casino. This site has gained a fantastic reputation for its safe payment options and a wide range of amazing games. It’s a great website for those looking to try their hand at internet poker.

Lawmakers in this state recognize that many locals are gambling online. Unfortunately, there is no legal framework in place to collect money from this industry. Many gaming analysts predict this will change in the next few years.

We’ll need to wait and see what lawmakers decide. There is clearly an interest in online gambling and several states now have fully-operating online gambling markets. Make sure to stay tuned for updates on this situation over the next few months!

Diamond Jo Casino in Iowa Launches its Sportsbook

The state of Iowa officially began allowing sports betting on August 15th of this year. Many casinos around the state now offer sports betting odds. This week, the Diamond Jo Casino officially opened its sportsbook.

Iowa Welcome Sign

It’s great to see Iowa embracing sports gambling. Hopefully, this industry brings the state millions of dollars in additional revenue every year. Let’s take a quick look at why lawmakers here decided to make sports betting legal.

Iowa’s Road to Sports Betting Legalization

Iowa is thought of as a very liberal state when it comes to gambling laws. For years, most forms of gambling have been legal here. There are 19 casinos spread around the state, as well as several horse racing tracks.

For decades, only Nevada was legally allowed to offer sports betting. This changed in May of 2018 when the US Supreme Court struck down PASPA. Immediately afterward, every state had the right to set laws on the sports betting industry.

Many states around the country have now legalized sports gambling. A sports gambling bill was introduced here earlier in the year and approved during the most recent legislative session. Eight casinos officially began offering sports betting odds on August 15th, and several more have begun to offer sports betting since that time.

Several casinos offer online sports betting, as well. In order to make online bets here, however, you will need to register inside of a land-based sports casinos. It’s the same set of laws that states like Nevada have in place.

This week, the Diamond Jo Casino officially launched its sports betting platform. It’s great news for sports fans in the Worth County area. Let’s look at what this casino is now offering.

Diamond Jo Casino in Iowa Unveils New Sportsbook

Competition in Iowa’s casino industry is extremely competitive. As you might expect, many casinos are trying to lure in gamblers with their new sportsbooks. The Diamond Jo Casino brought in a number of famous sports stars to give their sportsbook new exposure.

Visitors to this casino were surprised to see former Minnesota Viking and NFL Hall of Famer John Randle make the casino’s very first sports wager. Like several US casinos, Diamond Jo is teaming up with FanDuel to offer sports bets.

Scott Smith, general manager of this casino, spoke about the process of launching a sportsbook to the media this week.

“It is just training but we hire great people to work at the sportsbook and the property itself,” he said. “It’s been pretty smooth. We have great partners and are excited for this opportunity.”

“Be safe, have fun with it and good luck,” he added. 

Diamond Jo’s online sports betting platform will soon be up and running. We’ll need to wait and see how successful this sportsbook is compared to others in the state.

More States Will Soon Offer Sports Betting

Iowa is the 11th state to officially legalize and regulate sports betting. Many other states have pending legislation to allow this industry. Several gambling analysts predict that Montana will be the next state to officially launch sportsbooks.

Montana Governor Steve Bullock officially signed a sports betting bill into law back in May of this year. The state’s lottery will be in charge of regulating this industry. Land-based and online sports betting will become available here sometime over the next few months.

Tennessee is also scheduled to launch sports betting this year. Lawmakers approved a sports gambling bill in May, with a 20% tax rate applied to all sports betting operators. Like the rest of the US, Tennessee requires you to be at least 21 years old in order to place sports wagers.

There is also a wide range of great online sportsbooks available in the US. These sites are based in other countries and are not regulated by state governments. One of the most popular gambling sites is Bovada, which offers great casino and sports betting options to its members.

In time, it’s likely that every state will have regulated sports betting options. Make sure to stay tuned for updates on how the Diamond Jo Casino fares with its new sportsbook!