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!

Borgata in Atlantic City Takes Phil Ivey’s WSOP Winnings

Phil Ivey is considered to be one of the best professional poker players in the world. Unfortunately, he’s in hot water with the Borgata in Atlantic City. This popular casino recently took all of Ivey’s winnings from the recent World Series of Poker event in Las Vegas.

Phil Ivey During World Series Of Poker Tournament

It’s disappointing news for the poker star. Let’s look at why the Borgata is taking his money.

Phil Ivey Caught Cheating at Major Casino

Phil Ivey is an American poker player from Riverside, California. He’s been competing in poker since the 1990s and has gained a status as one of the most talented players today. Ivey has already won 10 World Series of Poker bracelets during his career and was inducted into the Poker Hall of Fame in 2017.

Not everything is going well for Ivey, though. Despite a reported $26.3 million from professional poker, he’s been engaging in what’s known as baccarat “edge sorting” at one of the top casinos in the US. The Borgata alleges that in 2012, Ivey has used the banned strategy, which involves recognizing a slight flaw in the pattern of casino’s playing card, to win nearly $10 million.

This obviously didn’t sell well with officials at the Borgata. They sued Ivey, who claimed that what he did isn’t against the law, and instead proves that casinos have a flaw in this operating system. As you might expect, the courts sided with Borgata.

Interestingly, it’s not the first time that Ivey was caught using this strategy, in 2017, he lost £7.7 in a London casino for “edge sorting,” as well.

Phil Ivey is now forced to pay all of the money back to the Borgata in Atlantic City. The courts are also demanding that Ivey pay an additional $504,000 from the money that his accomplice made at the casino. Some of that money is already being paid back.

Borgata in Atlantic City Receives Ivey’s 2019 WSOP Winnings

With such a decorated poker career, there’s reason to believe that Phil Ivey has millions in the bank. According to Ivey, however, he has no money in his bank account. Borgata has been able to find one US bank account tied to Ivey, yet there’s no money in it.

It’s assumed that most of his money is located in bank accounts based outside the United States. Ivey is one of the heads of Virtue Poker, an online poker platform that uses blockchain technology to protect player’s winnings. It’s also possible that Ivey uses Bitcoin to hide his cash.

That isn’t stopping Borgata from getting their money back. The famous Atlantic City casino has officially seized the money that Ivey made during his run in the 50th World Series of Poker Event. Ivey managed to take 8th place during the event, taking in $124,410 for his efforts.

MGM Resorts quickly notified WSOP officials that the money was being taken away. They transferred the cash to the US Marshals Service, and later back to the Borgata in Atlantic City. Now he just needs to pay the additional $9,800,000 and all will be forgiven.

Online Poker Options Available in the US

It’s disappointing to see Phil Ivey in such hot water. Don’t be like him! More people are choosing to skip the trip to their local casino and instead are making their bets over the internet. Today, there are a huge number of amazing US casino websites that offer poker gaming options.

One of the most popular internet poker sites today is Bovada Casino. This website has grown extremely popular in the country thanks to its wide range of different games and safe payment options. Here, you can find all major forms of poker including Texas Hold’em, Omaha, and 3-card.

Bovada allows its deposits to be made using all major debit cards. Fees for these deposits are extremely low. This site only allows players to withdraw their winnings using Bitcoin. Fortunately for those new to Bitcoin, they offer an entire page that explains how to use cryptocurrencies to collect your winnings!

Borgata in Atlantic City is going to keep demanding that Ivey pay back the money he won. Whether or not the casino will actually receive this money is questionable. Make sure to stay tuned for updates on the situation over the next few months!