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Iowa Betting Market Explained

Over the last few years, the US has overturned several laws that were preventing states from legalizing gambling. Since then, a growing number of state governors have signed new laws that regulate and control the gambling industry, allowing people to finally bet legally across the United States of America. Among those states that have legalized gambling is Iowa, which now offers legal sports betting both online and in-person as well as providing a range of land-based casinos.

Iowa actually has some complicated rules on gambling. Although it forbids placing a bet on a game for anything of value, the state has long offered land-based casinos as well as betting on horse and dog racing. However, betting on sports such as the NFL, NBA and MLB was banned until recently. Luckily, the state now allows anyone above the minimum age to bet on a wide range of sports, although there are still restrictions in place. Take a look at our full guide on Iowa betting below for all the details.

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Which Forms of Betting Are Allowed in Iowa?

Land-based casinos are allowed to operate on tribal land in Iowa and since 2019, sports betting has also been permitted. Sportsbooks quickly emerged not long after the law was changed, and Iowans soon had multiple online and in-person sportsbooks to choose from. This same law also included new regulations on daily fantasy sports, which had previously been banned (Des Moines Register, 2019).

While the laws in Iowa are fairly relaxed towards gambling now, there are still lots of restrictions. These prevent online casinos and poker sites from operating within the state. For now, this doesn’t seem likely to change, but given the success of the online sports betting industry and the fact that the state already has plenty of land-based casinos, it doesn’t seem far-fetched that it could be changed in the future. 

Betting Restriction in Iowa

Despite the fact that the state of Iowa has a long history with gambling and the fact that sports betting is now legal, there are rules and regulations that players and operators must follow. To begin with, any online sportsbook accepting bets from people in Iowa must be licensed by the Iowa Racing and Gaming Commission (The Gazette, 2021). 

In addition, anyone looking to place a bet on sports or at any of the casinos in the state must be at least 21 years old. If you’re signing up to an online sportsbook, you’ll be expected to upload a copy of your ID in order to register and bet. When online betting first launched in the state, you had to visit one of the land-based casinos to register for an online sportsbook, but it’s now possible to register online.

Mobile betting is permitted in the state, giving you freedom over where you bet, but you’ll still have to be within the state borders, and sites will check your location. You can still sign up to an Iowa online sportsbook if you’re not from the state, but you won’t be able to place any bets unless you’re within the state lines. 

Iowa Online Gambling FAQ

Are Online Sportsbooks Legal in Iowa?

Yes, online sports betting is legal both on desktop and on mobile, and there’s a range of legal sportsbooks available. Sites such as BetRivers, DraftKings, and Betfred are all up and running, along with many more.

Are Online Casinos Legal in Iowa?

No, presently online casinos aren’t legal in the state, although there are over 20 land-based casinos that offer a full range of casino games to wager real money on.

Are Online Poker Sites Legal in Iowa?

No, online poker is currently illegal in Iowa.

Sources: 

  1. https://desmoinesregister.com/story/sports/2019/07/30/iowa-sport-betting-start-date-legal-sports-gambling-app-ncaa-college-football-spread-rule-how-to-bet/1857134001/
  2. https://www.thegazette.com/government-politics/internet-opens-iowas-sports-betting-floodgate/

Indiana Betting Market Explained

The US recently relaxed its federal laws against gambling, giving states the green light to set their own legislature on the subject. This had led to some big changes, with lots of states fully legalizing all forms of gambling within their borders. If you’re in Indiana, you’ll be among those that can now legally bet online, although there are still restrictions in place over how and where you can place wagers. 

In 2019, the state of Indiana officially legalized sports betting, allowing those in the state to place bets on sports both online and in person. It wasn’t long after this law was passed that the first online sportsbooks started to appear, and if you’re in Indiana, you now have plenty of options to choose from when it comes to top sportsbooks. Take a look at our full guide on Indiana online betting below. 

indiana

Which Forms of Betting Are Allowed in Indiana

For now, sports betting is the only form of betting allowed in the state. A gambling law passed by the Indiana legislature in 2019 made sports betting legal, letting persons 21 and older bet on major league games in the NFL, NBA, MLB, and NHL. This law includes both online and in-person betting, meaning those in Indiana have a choice between lots of different sportsbooks.

The change in law was commemorated by Governor Eric Holcomb, who placed the state’s first legal bet on the Indianapolis Colts to win the Superbowl and the Indiana Pacers to win the NBA championship. For now, other forms of gambling are still banned in the state, meaning that sports betting remains the only way to legally bet in Indiana. You can also claim a USA bonus at these sportsbooks too.

Indiana online casinos

Betting Restrictions in Indiana

While sports betting has been legalized, there are still rules and restrictions in place to ensure that the market is properly controlled. For starters, all sportsbooks that operate in the state must be licensed by the Indiana Gaming Commission. Before you sign up to place bets at a site, check that it has a license to make sure any bets you place are safe. 

Secondly, you’re only able to place bets at Indiana sportsbooks if you’re at least 21 years old. This rule is to protect minors from gambling, and you must verify your ID before placing a bet, whether online or in person. Wagering on high school and amateur youth sporting events is illegal in Indiana. However, betting on NCAA Division I sports is permitted.

If you want to bet online at any of the licensed Indiana sportsbooks, you’ll also need to be within the state borders when you place your bet. As with the ID, sites will verify your location to make sure you’re within the Hoosier state when you place your bet. However, you can still sign up to an Indiana sportsbook if you’re not a resident of Indiana and are just visiting. 

Online Gambling in Indiana FAQ

Are Online Sportsbooks Legal in Indiana?

Yes, online sportsbooks are now legal in Indiana, provided you’re at least 21. There are lots of great sites to choose from, including DraftKings, FanDuel, and BetRivers.

Are Online Casinos Legal in Indiana?

No, operating and playing at online casinos is currently illegal in the state, although some players still play at off-shore sites.

Are Online Poker Sites Legal in Indiana?

No, online poker is illegal in Indiana, and there aren’t currently any plans to change this.

Sports Revenue for Illinois Dips for May Handle

A statement by the Illinois Gaming Board revealed that the May handle of sports revenue from the state of Illinois dropped by 14.2% when compared to April. The state had gaming revenue of $537.2m for May, the lowest since January when it broke the $500 million mark to join ranks with New Jersey.

The report also stated that revenues dropped by almost 17% from April, recording $36m. Sports revenue remitted $5.9m as taxes to the government, bringing the total to $53m since sports betting started last year in March. (iGB North America, 2021)

Draftkings Casino did not stay away from the top of the list for long, overtaking FanDuel Casino to reclaim its position. Draftkings recorded 34.5% growth in revenue at $166.2m, while FanDuel Sportsbooks posted 32.2% growth in revenue for Illinois as its online handle stood at $155.6 million.

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What Caused the Dip in Illinois Sportsbooks Revenue?

Analysts attribute this drop to the state’s policy preventing remote registration, a situation where Gov. J. B. Pritzker upheld a part of the legislation of Illinois on sports betting where residents must do an in-person registration at a registered casino to bet on sports. This led to a decrease in mobile handle, from 95.5% to 95.1%. (iGaming Business, 2021)

In their 2019 law, Illinois senators added a clause for sports betting online for a period of 18 months. The clause states that bettors must register in person at a casino. Yet, due to the surge of the COVID-19 pandemic, the Governor suspended the clause. By June 28, he suspended remote registration and renewed it on July 26. Following an outcry by Illinois bettors, he backpedaled on the order again on August 21. Since then, he had always renewed the suspension every month, until April when it wasn’t renewed.

According to Jessica Welman, an analyst, in-person registration is going to put a cap on the future growth of the sportsbook industry. The revenues for April and May show that bettors in Illinois are resilient and willing to bet on their favorite games, so the jury is still out on this prediction.

Future Prospects for Illinois Sports Betting Industry

Analysts predict that despite the challenges of in-person registration, Illinois can remain at second place among the US states in sports betting. Basketball and baseball remain favorite sports to bet on, with Illinoisans placing wagers worth $154.3m and $126.1m respectively on both sports. (Yahoo Finance, 2021)

It is expected that Illinois will drop in the rankings when fall begins if the ban on remote registration is still in place. Sportsbooks gain customers during the football season, and online registration will be required, which Illinois will be missing out on. This situation may see states like Nevada and Pennsylvania overtake Illinois.

If the Governor does not rescind the order, sportsbooks in Illinois can only begin online registration in January 2022. During the period of suspension, sportsbooks recorded thousands of new registrations done online, which can give them a good customer base to survive another period of in-person registration.

Till then, it is expected that the sports betting market will remain at a standstill position, and other states will begin to leapfrog the land of Lincoln, endangering their $500 million mark position.

Sources:

  1. Yahoo Finance, 2021
    https://finance.yahoo.com/news/illinois-sports-wagering-dips-may-165400088.html
  2. iGB North America, 2021
    https://www.igbnorthamerica.com/illinois-betting-revenue-dips-slightly-in-april-despite-retail-improvement/
  3. iGaming Business, 2021
    https://igamingbusiness.com/illinois-betting-revenue-dips-slightly-in-april-despite-retail-improvement/

A Guide to Legal Gambling in Colorado

It’s no secret that the nature of gambling regulations in the US varies from state to state, with some states legalizing all forms of gambling, others legalizing some types, and some states not allowing any form of gambling at all. The state of Colorado falls into the second of the three gambling legalization categories listed above.

Staying updated on which states allow some or all types of gambling and which states don’t could be a lot to keep up with, but it also could be the difference between gambling at a safe online casino and gambling at one that’s illegal and unlicensed. 

The first step to figuring out Colorado’s gambling laws is knowing what the state defines gambling as. Going by the constitution of the Rocky Mountain State, “risking money or any other thing of value for gain contingent in whole or part upon lot, chance, or the happening or outcome of an event over which the person taking a risk has no control.” (FindLaw, 2016)

According to Colorado Law, gambling at the Colorado Lottery is one form of gambling that is legal, alongside limited gaming in Colorado casinos in Central City, Cripple Creek, Black Hawk, and on Indian reservation land. The constitution always allows gambling on live and off-track horse racing events under the Colorado Division of Gaming, bingos, and raffles licensed and regulated under the Secretary of State’s office, sports betting, as well as what the law deems as “social” gambling. (Specialized Business Group, Colorado Department of Revenue, 2021)

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Internet Gaming in Colorado

In 2005, the office of the Attorney General released an official statement which claimed that online gambling fell under all the already existing gambling laws in the state. That means, technically, online gambling is not allowed in Colorado. Residents of the state can still access gambling sites based offshore, though. Placing wagers on those sites and sportsbooks is considered illegal, even if they are legal and licensed in the places where they are set up.

A policy set up by the Colorado Limited Gaming Control Commission restricts businesses and people licensed in Colorado’s casino industry from being involved in any way with any offshore internet gaming site that can be accessed by residents of the state. 

While online gambling is classified as illegal in Colorado, no one has ever been arrested for casual gambling at any online gambling sites. This is mostly because much of the law in the state focuses on illegal gambling businesses and professional gambling, as opposed to casual gaming customers. 

The state recommends that players stay away from gambling not only because it is illegal, but because there are no state regulatory controls that can guarantee that games are conducted fairly and that children are prevented from accessing gambling sites. Participants who get locked in disputes and complaints over payments with online casinos or telephone sportsbooks can take no benefits or resolutions from state agencies.

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Sports Betting in Colorado

May 2020 saw Colorado become one of the US states that offered legal sports betting after voters approved legislative referral Proposition DD (House Bill 1327). Colorado Proposition DD, the Legalize Sports Betting with Tax Revenue for Water Projects Measure, was passed in 2019 after recording a narrow 51 percent – 48 percent win at state ballots.

The bill authorized sports betting while also levying a 10 percent tax on proceeds made by sports betting operators in the state. Proposition DD’s success at the ballots meant that casino properties in the state could apply for online and retail sports betting licenses from the Colorado Gaming Control Commission.

Despite a slow start caused by the global pandemic, the sports betting market in Colorado grew steadily after its launch, recording a total of $2.3 billion in wagers after one year. That figure was released by the Colorado Division of Gaming, and it put the state behind only New Jersey and Illinois for total sports wagers after the first 12 months of operations. The absence of in-person registration restrictions and in-state college sports betting in the Centennial State has made it one of the most attractive legal sports betting states in the country.

How to Take Part in Colorado Gambling

Your gambling options in Colorado include anyone of the following:

  • Limited casino gaming at casino properties in gaming towns. (Black Hawk, Central City, and Cripple Creek.)
  • State Lottery. 
  • Live and off-track horse racing. 
  • Licensed bingo and raffle games. 

Residents of the state can also take part in poker tournaments as long as those activities fall under the social gambling umbrella. Regulated sports betting in Colorado launched in May 2020. 

Sources

  1. FindLaw, 2016 – https://statelaws.findlaw.com/colorado-law/colorado-gambling-laws.html
  2. Specialized Business Group, Colorado Department of Revenue, 2021.  – https://sbg.colorado.gov/what-is-legal-gambling-questions-in-colorado
  3. Colorado Department of Law and Attorney General’s Office News Release, 2005. – https://sbg.colorado.gov/sites/sbg/files/Illegal%20Gambling%20Activities%20News%20Release.pdf

Online Gambling in Illinois Explained

Illinois is one of the many US states to have relaxed gambling laws within recent years, with the state now permitting online and retail sports betting alongside horse racing and riverboat casinos. Charitable games are also allowed, as are bingo and raffles. However, several other forms of gambling are still prohibited in the Prairie State, and certain restrictions exist on the types that are allowed. Understanding what these restrictions are and when they are valid is crucial to staying away from prohibited gaming activities. 

Gambling in Illinois is defined as “playing games of chance or skill for money or other things of value; wagering upon games, contests, or elections; owning or operating gambling devices.” Both live and off-track horse racing and pari-mutuel wagering is allowed in Illinois as long as operators remain licensed with the state’s racing control board. Riverboat gambling is also allowed on any navigable stream not found within counties that have over 3 million residents. Lake Michigan is a notable exception to the riverboat gambling permissions. (Find Law, 2016)

Illinois also allows retail and online sports betting for already existing land-based licensees, but restrictions on remote registration are in place for online sports betting. That means players can only access any of the six online sportsbooks in the state after carrying out in-person registration. The Illinois Gaming Board regulates sports betting, while the Illinois Lottery Control Board (ILCB) and the Department of the Lottery (DOL) control lotteries within the state.   

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Illinois Gambling History

As far as internet gaming is concerned, the state of Illinois does not have a regulated market. That’s not to say that the state doesn’t have any sort of gambling history, though. In 1920, Illinois legalized horse racing betting at local race tracks as its first major form of legal gambling. 

That law was followed by the Riverboat Gambling Act of 1990. The Riverboat Gambling Act allowed commercial casinos to operate on boats as long as they were outside Lake Michigan, as well as counties with populations greater than 3 million. The state permitted local bars, restaurants, and drive-ins to host Illinois Lottery terminals in 2009. A new bill passed in 2019 allowed riverboat casinos to operate within specific locations in the state as fully licensed land-based casinos. There haven’t been any new gambling laws since then.   

The land-based casino scene in Illinois includes 9 riverboat casinos and one land-based casino scattered around the state. These casinos offer over 10,000 slot machines and 500 table games combined. Rivers Casino became the first land-based casino in the state after being granted a land-based casino license in 2019. Before then, Rivers had qualified as a riverboat casino by building its property above a shallow pool of water. (Chicago Tribune, 2019)

Riverboat casinos in the state are allowed to operate live poker rooms but are prohibited from offering real money poker sites to residents. Live poker is also operated at charitable gaming venues. 

Internet Gaming in Illinois

According to section 28 of the State Code, it is illegal for residents of Illinois to carry out unlicensed internet gambling operations. The law makes it outright impossible to set up an online casino business in Illinois, but it fails to state any form of punishment for residents who participate in online gaming with offshore sites.  

The state of internet gaming in Illinois might be set for some change in the future as house bill SB-0007 continues to gain traction within legislative spaces. The bill, introduced back in 2017, seeks to expand land-based gaming and legalize online gambling within the state. 

Sports Betting in Illinois

In June 2019, governor J.B Pritzker signed the sports betting bill into law, allowing retail and online sports betting in the state. The bill stated that online-only operators could only get their sports betting licenses after 18 months from when the bill was passed. Sportsbook operators in the state bypassed that waiting time by partnering with casino operators in the state for retail and online licenses. (ActionNetwork, 2021)

Illinois sports betting continues to rise in prominence, with the state now firmly establishing itself within the top five US sports betting markets. That rise has come in spite of restrictions placed on state-based college sports betting and remote registration for online betting.  

How to take part in Illinois Gambling 

Residents of Illinois can take part in any of the following legal forms of gambling:

  • Casino gambling at any of the land-based casinos in the state. 
  • Retail sports betting
  • Online Sports Betting (with in-person registration)
  • Lotteries
  • Charitable Bingo
  • Horse Racing

Illinois law states that players must be at least 18 before they can take part in pari-mutuel wagering, bingo, and lotteries. The minimum age for casinos and sports betting is 21 years. 

Sources

  1. Find Law, 2016 -https://statelaws.findlaw.com/illinois-law/illinois-gambling-laws.html
  2. Chicago Tribune, 2019 – https://www.chicagotribune.com/business/ct-biz-rivers-casino-land-based-20191108-b4zc7v2clnbhfiqwqw5uyaznwm-story.html
  3. Action Network, 2021 – https://www.actionnetwork.com/online-sports-betting/illinois

GAN Signs Multi-Year Agreement with Incredible Technologies

GAN Limited, an internet gaming service provider for companies in the online gambling industry, announced on Thursday, June 17, that it has entered an agreement with Incredible Technologies, Inc., a designer and manufacturer of coin-operated electronic gaming machines for the US market.

The agreement grants GAN Limited exclusive online rights to all existing and future online games by Incredible Technologies, which are expected to grow to over 110 during the term of the contract. This is GAN’s second major agreement for exclusive gaming content, reinforcing the SaaS company’s position as an industry leader in the United States’ iGaming sphere.

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About Incredible Technologies Inc.

Incredible Technologies is an Illinois-based company known for its array of innovative electronic gaming machines, including popular ones such as Crazy Money and Money Rain. Its games line the floors of retail casino gaming outlets in the United States and are accessible online in New Jersey. With this deal, the company will be able to grow its online portfolio while working long-term with a partner that has a well-established online distribution chain in the country. This was made known in a statement by Daymon Ruttenburg, the Senior Vice President of Gaming of Incredible Technologies.

“Our partnership with a proven and premier partner like GAN advances the online U.S. distribution of our leading portfolio of gaming content. Since our company’s founding, we have been committed to creating innovative and exciting ways to engage players with new technologies and capabilities. We know that GAN shares this commitment, and we look forward to bringing new online experiences to our players through GAN’s extensive online distribution network. Together, we will be drivers of the U.S. iGaming market as it continues to grow.”

Implications of the Deal for Gan Limited

Gan Limited will now begin to obtain online content licensing fees from existing online operations of Incredible Technologies in the Garden State. What this means is that access to Incredible Technologies’ existing gaming library and future additions to it will be only through GAN’s Platform and Super RGS. The company has announced that because of this long-term deal, its exclusive content from combined online slot partners makes up about 7% of all slots sold in the United States last year.

Jeff Berman, Gan Limited’s Chief Commercial Officer said:

“We welcome this partnership with Incredible Technologies as another validation of our market-leading presence in the regulated intra-State markets of America. Today’s announcement is another exciting step toward building upon our strategy of establishing exclusive online access rights to the most popular retail U.S. slot games. Few content providers in the U.S. market have established a reputation for innovation and creativity as well as the operational excellence of Incredible Technologies. The popularity of IT’s slot games, including the player-favorite Ultra Rush themes, will be a critical addition to our portfolio as we commit ourselves to becoming a leading provider of exclusive online content.”

Sources

  1. BusinessWire, 2021 – https://www.businesswire.com/news/home/20210617005163/en/GAN-Announces-Multi-Year-Agreement-with-Incredible-Technologies-for-Exclusive-U.S.-Online-Rights-to-Leading-Casino-Portfolio
  2. Benzinga, 2021 – https://m.benzinga.com/article/21608816
  3. iGaming Future, 2021 – https://igamingfuture.com/gan-and-incredible-technologies-sign-us-exclusivity-deal/