Best Sports Betting Sites in Iowa

Interested in finding out more about Iowa's sports betting scene? After the legalization of sports betting in May 2019, a range of sportsbooks both online and retail have become available to Iowa bettors.

In this guide, we'll dive into everything you could want to know about legally betting in Iowa. From the state's favorite teams, to upcoming sporting events, we've got all the news. Not only that though, we've got recommendations on where to place your sports wagers.

If you're 21 or older and live in Iowa (or plan to visit), then keep reading to find out about the best sportsbooks of the bunch. From bonuses and promotions, to mobile apps and in-play betting, we've tested out every element of these sites to bring you only the best.

Best Legal Sports Betting Sites in Iowa 2024

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	Name	Score	Play Now	Welcome Bonus	Payment Methods	Sports	Payout Speed	Disclaimer
	1BetMGM Sportsbook Read Review	9.8	Claim OfferBetMGM.com	Bet $5 Get $158 in Bonus Bets	Cash, Venmo, PayPal, Bank Transfer, Apple Pay, Play+	20+	3-8 Days	Gambling problem? Call or TEXT 1-800-GAMBLER. Must be 21+ and present in the state you're wagering in. T&C Apply.
	2Caesars Sportsbook Read Review	8.8	Claim OfferCaesars.com	Get Your First Bet Back If It Loses - up to $1,000	Cash, Venmo, PayPal, PayNearMe, Play+, ACH Transfer, Visa, Mastercard		Hours - 5 Days	Must be 21 or older to gamble. Know When To Stop Before You Start.® Gambling Problem? If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER (1-800-426-2537).
	3DraftKings Sportsbook Read Review	9.4	Claim OfferDraftKings.com	Bet $5 Get $150 in Bonus Bets Instantly!	Cash, Venmo, PayPal, Apple Pay, Play+, ACH Transfer, Visa, Mastercard	25+	Hours - 5 Days	Gambling problem? Call or TEXT 1-800-GAMBLER. Must be 21+ and present in CO. T&C Apply.
	4BetRivers	9.5	Claim OfferBetRivers.com	Get up to a $250 Second Chance Bet	Venmo, PayPal, PayNearMe, Play+, ACH Transfer, Visa, Mastercard	25+	1-6 Days	Gambling problem? Call or TEXT 1-800-GAMBLER. Must be 21+ and present in CO. T&C Apply.
	5FanDuel Sportsbook Read Review	9.6	Claim OfferFanDuel.com	Bet $5 Get $200 In Bonus Bets If Your Bet Wins	Cash, Venmo, PayPal, Apple Pay, ACH Transfer, Visa, Mastercard	18+	Hours - 5 Days	Gambling Problem? Call 1-800-GAMBLER. Hope is here. Gamblinghelplinema.org or call (800)-327-5050 for 24/7 support (MA). Call 1-877-8HOPE-NY or Text HOPENY (467369) (NY).
	6Unibet US Read Review	9.0	Claim OfferUnibet.com	Get a 2nd Chance Bet Up To $250	PayPal, Debit Card, Trustly, PayNearMe, Play+, ACH Transfer	20+	3-10 Days	Gambling Problem? Call 1-800-GAMBLER. Must be 21+ and present in PA. T&C Apply.

Iowa Sports Betting Overview

Here are some of the most important facts about betting on sports in Iowa.

Key Takeaways

• Iowa offers online and retail sports wagering, but only allows casino style gambling in land-based venues

• Any gambling winnings made in Iowa, even by non-residents, incur a 5% tax

• Iowa bettors can take advantage of promotions and bonuses when making sports wagers online, or using sports betting apps.

Is Sports Betting Legal in Iowa?

Yes. Iowa legalized sports betting in May 2019 when Governor Kim Reynolds signed Senate File 617. This act paved the way for both retail and online sports betting in the Hawkeye State. The first sportsbook apps, governed under Iowa sports betting law, went live in August 2019.

Who Regulates Sports Betting in Iowa?

In Iowa, wagering on sports is regulated by the Iowa Racing and Gaming Commission. This commission is established under Iowa Code 99D and extends its authority over casinos at racetracks, riverboats, and gambling structures. The commission’s primary role is to govern the operation of pari-mutuel and casino operations in the state.

The Iowa Racing and Gaming Commission is responsible for issuing licenses to operators and ensuring that they comply with the state’s laws and regulations. Additionally, they work to prevent fraudulent activities, maintain the integrity of the betting industry, and protect consumers.

What Are the Iowa Sports Betting Laws in 2024?

In 2019, Iowa legalized sports betting with the passing of bill SF-617. It remains legal, as long as you:

• Are over the age of 21

• Are present in the state of Iowa at the time

• Only wagering with sports books that are licensed by the IRGC

• Declare all winnings and pay tax on them

• Do not make prop bets on college sports players

Recent Legal Updates to Iowa Sports Betting

Though Iowa was one of the first states to legalize online sports betting, the rules and regulations surrounding it continue to change. Below is a brief timeline of recent Iowa sports betting history.

2018: Supreme Court’s decision to remove federal ban on sports betting

2019: Iowa legalized sports betting with the passing of bill SF-617

2021: Iowa sportsbooks now allow bettors to register entirely online

5 Best Iowa Sportsbooks Reviewed

Wagering on sports in Iowa was legalized in May 2019, offering both retail and online options for bettors. Here’s a look at the top five online sports betting options available in the state.

• Best Iowa Sports Betting Site for In Play Betting: BetMGM

• Best Iowa Sports Betting Site for VIP Program: Caesars

• Best Iowa Sports Betting Site for Bonuses & Promos: DraftKings

• Best Iowa Sports Betting Site for Competitive Odds: BetRivers

• Best Iowa Sports Betting Site for Fast Payouts: FanDuel

BetMGM Sportsbook

BetMGM - Best Iowa Sports Betting Site for In Play Betting

BetMGM is licensed to offer its sports betting services in Iowa, and bettors have access to major North American leagues and collegiate sports. Residents of Iowa can download the reliable BetMGM app, a handy tool for in-play betting on over 20 sports, and depositing funds through secure payment methods.

BetMGM is not short-changing Iowa players in the bonus department, providing competitive promotions such as a tempting $1,000 in Bonus Bets, packed as a welcome deal.

BetMGM Overview

Welcome Bonus	Up to $1,000 bonus back for your first bet
Licences	Arizona Department of Gaming, Colorado Department of Revenue, Illinois Gaming Board, Indiana Gaming Commission, Iowa Racing and Gaming Commission, Kansas Racing and Gaming Commission, Louisiana Gaming Control Board, Maryland State Lottery & Gaming Control Agency, Michigan Gaming Control Board, Nevada Gaming Commission, New Jersey Division of Gaming, New York State Gaming Commission, Ohio Lottery, Pennsylvania Gaming Control Board, Tennessee Sports Wagering Advisory Council, Virginia Lottery, West Virginia Lottery, Wyoming Gaming Commission
Sports	Soccer, Basketball, Baseball, Football, Boxing, Tennis, Motor Sports, Golf, Rugby, Hockey, Darts, MMA
Payment Methods	Visa, Mastercard, Discover, PayPal, Skrill, Play+, PayNearMe, ACH/VIP Preferred e-check, Bank Transfer, Apple Pay, Gift Cards
Mobile App	Android & iOS
Year Founded	2018

What We Like & Dislike About BetMGM

Pros

• Established US sportsbook
• Live streaming of sports events
• Player-friendly wagering requirements
• Renowned banking methods

Cons

• Outdated design of the desktop version
• Long payouts procedures

Read ReviewPlay Now

Caesars Sportsbook

Caesars - Best Iowa Sports Betting Site for VIP Program

Caesars Sportsbook inspires confidence in Iowa bettors by partnering with popular leagues and celebrities. However, the ultimate seal of approval stems from the gambling license issued by the proper authorities in Iowa, ensuring a safe online gambling experience.

Players from Iowa can start betting on their preferred sports with a boost from the operator, packed as a 100% match up to $1,250 as Bet Credit. The bonus bets are eligible for wagering on 20 sports and hundreds of domestic and international competitions.

Caesars Overview

Welcome Bonus	100% bonus match up to $1,250 if you lose your first bet of $10 or more
Licences	Arizona Department of Gaming, Colorado Division of Gaming, Illinois Gaming Board, Indiana Gaming Commission, Iowa Racing and Gaming Commission, Kansas Racing and Gaming Commission, Louisiana Gaming Control Board, Maryland State Lottery & Gaming Control Agency, Michigan Gaming Control Board, Mississippi Gaming Commission, Nevada Gaming Commission, New Jersey Division of Gaming Enforcement, New York State Gaming Commission, Ohio Lottery, Pennsylvania Gaming Control Board, West Virginia Lottery, Virginia Lottery, Wyoming Gaming Commission
Sports	Football, Basketball, Hockey, Golf, Soccer, Tennis, Motor Sports, Boxing, MMA, Horse Racing, Cricket, etc.
Payment Methods	Visa, Mastercard, Discover, PayNearMe, PayPal, ACH e-check, Play+, Skrill, Wire Transfer, Online Banking, Caesars Prepaid Card
Mobile App	Android & iOS
Year Founded	2021

What We Like & Dislike About Caesars

Pros

• Live streaming of sports matches
• Micro-betting options
• SGP bonuses
• Multi-tier VIP club

Cons

• A limited selection of niche sports
• Cumbersome design

Read ReviewPlay Now

DraftKings Sportsbook

DraftKings - Best Iowa Sports Betting Site for Bonuses & Promos

DraftKings is licensed to operate in Iowa and is the official partner of the NFL, NHL, NBA, PGA Tour, and UFC. In total, 24 different sports are on the menu in Iowa, with hundreds of leagues. Aside from traditional sports, DraftKings also offers DFS betting in Iowa.

Registered members receive a free sportsbook app. Plus, loyalty gets rewarded with access to the Dynasty VIP Club, where exclusive bonuses and invites to special events await bettors from Iowa.

DraftKings Overview

Welcome Bonus	Up to $150 in bonus bets after making your first $5 bet
Licences	Arizona Department of Gaming, Colorado Department of Revenue, Illinois Gaming Board, Indiana Gaming Commission, Iowa Racing and Gaming Commission, Kansas Racing and Gaming Commission, Louisiana Gaming Control Board, Maryland State Lottery & Gaming Control Agency, Michigan Gaming Control Board, Nevada Gaming Commission, New Jersey Division of Gaming, New York State Gaming Commission, Ohio Lottery, Oregon Lottery, Pennsylvania Gaming Control Board, Tennessee Sports Wagering Advisory Council, Virginia Lottery, West Virginia Lottery, Wyoming Gaming Commission
Sports	Football, Baseball, Basketball, Soccer, Boxing, Tennis, MMA, Golf, Hockey, Cricket, Motor Sports, Darts, Snooker, Skateboarding, Volleyball, Cycling, Handball, Lacrosse
Payment Methods	Visa, Mastercard, PayPal, Venmo, VIP Preferred, Wire Transfer, DraftKings gift card
Mobile App	Android & iOS
Year Founded	2012

What We Like & Dislike About DraftKings

Pros

• First deposit match-up bonus of up to $1,000
• No fees on withdrawals or deposits
• Latest SSL encryption
• Reliable payment providers

Cons

• A payout can take up to 5 days
• Customer support needs improvement

Read ReviewPlay Now

BetRivers

BetRivers - Best Iowa Sports Betting Site for Competitive Odds

BetRivers is a trusted sportsbook in Iowa, providing a substantial portfolio of sports betting markets. Iowa bettors can wager on over 25 sports, with the NFL, NBA, MLB, NCAA, and HNL receiving preferential coverage.

The odds are, without a doubt, some of the best on the market, especially among rivaling sportsbook operators in Iowa. The same applies to its competitive bonus offer. BetRivers’ trump card is the 100% match up to $500 as a Second Chance Free Bet.

BetRivers Overview

Welcome Bonus	Up to $500 in free bets
Licences	Arizona Department of Gaming, Colorado Division of Gaming, Illinois Gaming Board, Indiana Gaming Commission, Iowa Racing and Gaming Commission, Louisiana Gaming Control Board, Maryland State Lottery & Gaming Control Agency, Michigan Gaming Control Board, New Jersey Division of Gaming Enforcement, New York State Gaming Commission, Ohio Lottery, Pennsylvania Gaming Control Board, West Virginia Lottery, and Virginia Lottery
Sports	Football, Basketball, Hockey, Golf, Soccer, Tennis, Motor Sports, Boxing, MMA, Horse Racing, Cricket, etc.
Payment Methods	Venmo, PayPal, PayNearMe, Play+, ACH Transfer, Visa, Mastercard
Mobile App	Android & iOS
Year Founded	2019

What We Like & Dislike About BetRivers

Pros

• Wide range of betting markets
• In-play bets
• Same-game parlays
• Streamlined app

Cons

• A limited selection of payment methods
• Live chat agents do not connect immediately

Play Now

FanDuel Sportsbook

FanDuel - Best Iowa Betting Site for Fast Payouts

FanDuel makes Iowa one of its bases in an ever-expanding network of sportsbooks. Residents of Iowa can legally open an account and wager on any of the over 20 traditional sports betting markets or indulge in daily sports fantasy betting, a FanDuel specialty.

This signup offer is consistent across all US states, and bettors in Iowa can snag a Risk-Free bet of up to $1,000. The minimum qualifying wager is $10. FanDuel is one of the most reliable Iowa sportsbooks for fast payouts. It completes most withdrawals in under 24 hours.

FanDuel Overview

Welcome Bonus	Up to $1,000 risk free bet
Licences	Arizona Department of Gaming, Colorado Department of Revenue, Illinois Gaming Board, Indiana Gaming Commission, Iowa Racing and Gaming Commission, Kansas Racing and Gaming Commission, Louisiana Gaming Control Board, Maryland State Lottery & Gaming Control Agency, Michigan Gaming Control Board, New Jersey Division of Gaming Enforcement, New York State Gaming Commission, Ohio Lottery, Pennsylvania Gaming Control Board, Tennessee Sports Wagering Advisory Council, Virginia Lottery, West Virginia Lottery, Wyoming Gaming Commission
Sports	Football, Basketball, Boxing, Baseball, MMA, Soccer, Tennis, Golf, Motor Sports, Hockey, Cricket, Cycling, Snooker, Handball
Payment Methods	Visa, Mastercard, PayPal, Apple Pay, Venmo, ACH check, PayNearMe
Mobile App	Android & iOS
Year Founded	2009

What We Like & Dislike About FanDuel

Pros

• Plenty of secondary sports markets
• Generous welcome bonus
• Boosted odds available
• Responsive mobile apps

Cons

• Customer service isn't available 24/7
• Live chat response is slow

Read ReviewPlay Now

Whether you’re a fan of football, basketball, or any other sports, these five legal sports betting sites in Iowa have got you covered. With attractive promotions, competitive odds, and user-friendly interfaces, bettors are sure to find a platform that suits their preferences.

How We Rate Iowa Betting Sites & Apps

Banking and Payout Speed: It's important to have safe and secure options such as credit cards, e-wallets, and bank transfers. Payout speed is crucial too, as bettors want their winnings as quickly as possible.

Key Features: User-friendly interfaces, mobile compatibility, and in-play betting capabilities can significantly enhance an online betting experience. We analyze how well platforms perform against these measures.

Security, Safety & Customer Support: We prioritize the security, privacy, and safety of players. Iowa sports betting sites must use industry-standard encryption protocols to protect sensitive data. We assess the availability and effectiveness of customer support teams. Top sportsbooks offer various contact methods like email, live chat, and phone support.

Range of Sports: We evaluate the range of sports offered by online platforms, including football, basketball, and popular local events in Iowa. Top-tier sportsbooks cater to diverse preferences and international sports coverage.

Bonuses and Promotions: We examine the generosity and fairness of offers like welcome bonuses, free bets, and deposit matches. This ensures that these promotions benefit bettors without unreasonable restrictions or requirements.

Odds: Competitive odds are essential to maximize profitability. We compare the odds offered by various sportsbooks, such as BetMGM, BetRivers, and PointsBet.

What's Happening in Iowa? Sports Betting News & Updates

Iowa doesn't have any major league sports teams, but that doesn't mean it isn't a major player in the sporting world. The Hawkeye State is home to dozens of exciting sporting events, with these being some of the most notable this year.

Principal Charity Classic, May 2024

If you're into golf then you'll know that there's a whole PGA tournament that takes place in Des Moines each year. The tournament is held at the Wakonda Club and has a prize fund of $2,000,000. The Principal Charity Classic is a major event for all fans of the sport in the state and a chance to see legends like Jim Gallagher and Jay Haas up close.

Iowa Derby, June 2024

The Prairie Meadows racetrack in Altoona can always be relied upon to put on a great day of racing. It plays host to three graded races each year, the Cornhusker Handicap, the Iowa Oaks, and the Iowa Derby. You can even place bets on course with Caesars Sportsbook. Whilst the Derby is a chance to see some of the finest thoroughbreds in the business, that's not all that's on at Prairie Meadows.

Each July for one day only, the horse racing track becomes something entirely different - a racetrack for exotic animals like Zebras, Camels and even Ostriches.

Register's Annual Great Bicycle Ride Across Iowa, July 2024

RAGBRAI is the oldest, longest and largest multi-day bike ride in the world, so naturally riders come from all over to take part. The bike ride spans a whole week (and around 468 miles) and takes in some of the most beautiful parts of the state. It's still not too late to register if you'd like to take part!

Latest Iowa Sports Betting News

Fancy making a bet on some of Iowa's best sporting events? Below you'll find plenty of tips on events coming up soon.

Best Sports Promo Codes & Bonuses in Iowa

There are loads of different promotions that you can make the most of when placing sports bets in Iowa. But remember, you can only use sportsbook bonuses, not casino ones. Below are some of the different types of bonus that you can expect to find in Iowa.

Tip: Looking for the most recent promo codes? Check out our regularly updated guide to sports betting promo codes.

Bonus Bets

Also known as a risk free bet, bet tokens, or a free bet. A bonus bet is simply a bet that you can place (usually) on any sport. Your stake is paid for by the sportsbook as a gift to you.

First Bet Insurance

Also known as a first bet safety net, or a second chance bet. This bonus allows you to have your stake refunded if you place a bet and it loses. It's usually offered on your first bet with a new sportsbook.

Parlay Insurance

This kind of bonus offer allows you to 'insure' certain legs of a parlay, or same-game parlay. This means that if one leg fails, your parlay is still paid out but at a lower rate.

Deposit Match Bonus

Also called a match bonus, matched bonus, or bonus cash. The deposit match bonus sees the sportsbook match your initial deposit, giving you (usually) twice as much money to bet with. Most deposit match bonuses are a 100% match, some are more, others less.

No Deposit Bonus

A no deposit bonus is where the sportsbook gives you a bonus simply for signing up. You don't need to make a deposit in order to be eligible. It could take the form of a bonus bet, or free cash.

Boosted Odds

Boosted odds, or odds boosts tend to be given to existing customers. They increase the odds on big sporting events, leading to higher payouts.

Below are some of the best sportsbook offers available to Iowa bettors right now.

How to Get Started with an Iowa Promo Code

It's easy to use promo codes to claim bonuses. Below is a quick step-by-step on how to complete the process.

Remember to check the terms and conditions of any bonuses you claim. You can find out more about what bonus terms mean in the section below.

Sports Betting Bonus Terms and Conditions

Before you claim any bonus, it's important to be aware of any terms and conditions that come along with it. Below are some of the most common terms that you'll find relating to the sports bonuses we discussed above.

Wagering Requirements

Often bonuses are subject to wagering requirements. These are how many times you need to wager the bonus amount before you can withdraw winnings. Usually, sports promos in Iowa have 1x wagering requirements, meaning you wager the bet once and can withdraw your winnings. Look out for higher wagering requirements as they can be difficult to complete.

Minimum Odds

This refers to the minimum price a bet needs to be to qualify for the bonus. Rarely will you be able to bet on the short priced favorite with a bonus bet.

Maximum Win

This is the absolute maximum amount you can win when using a promo or bonus. Look for high maximum win caps in the bonus terms.

Expiry Date

Most bonuses have an expiry date, after which they are void. Long expiry dates give you plenty of time to find the right bet to place. If your bonus has wagering requirements attached then you must complete these before the expiry date.

Are There Free Online Sportsbooks in Iowa?

Yes, Iowa offers a variety of free sports betting options, including promotions and bonuses from reputable online sportsbooks. To help you get started, let’s look at some of the top Iowa online sportsbooks and their respective free bet offers.

BetMGM Sportsbook offers a $1,000 risk-free bet for new users, which allows you to place a wager without losing your initial deposit. Simply use the promo code PLAY1000 upon sign-up.

Caesars Sportsbook gives new users a free bet up to $1,250 with the promo code on their website. This free bet helps minimize the risk for beginners while they explore the platform and available betting options.

FanDuel Sportsbook is also a popular choice, their bonuses and promotions change periodically, ensuring a variety for loyal users. Check their website for the latest offers.

Land-Based Sportsbooks in Iowa

Iowa allows in-person wagering on all sports and there are plenty of retail sports betting locations where you can do it. These provide a safe and friendly atmosphere, where oftentimes you can watch sport as well as wager on it.

Below is a guide to all of retail sportsbooks in the state, along with their respective partners.

Best New Sportsbooks in Iowa

As betting on sports was only legalized five years ago, all of the sportsbooks in Iowa are pretty new! Below are some of Iowa's new sportsbooks compared in a table.

PointsBet offers a unique points betting system that rewards high-risk bettors. Their up to $2,000 bonus offer and fast payouts make them a popular choice for Iowa sports bettors. Launched in 2021, they quickly became a favorite among experienced bettors.

ClutchBet entered the market in 2022 with a user-friendly interface and in-game betting options. Their $250 risk-free bet is a solid incentive for new bettors looking to try their services.

Caesars Sportsbook is a well-known name in the gambling world, and their Iowa online sportsbook was launched in 2021. They offer a generous up to $5,000 risk-free bet and feature a wide selection of markets, including blackjack and roulette.

BetRivers is another recent entry into the Iowa sports betting market, launching in 2020. Despite being relatively new, they’ve gained a solid base of customers thanks to their competitive odds and rewards program. Their 100% match bonus of up to $250 is another attractive feature for prospective bettors.

These new sportsbooks provide a range of betting options and unique features for Iowa bettors, ensuring there’s something for everyone in this rapidly growing market.

Iowa's Favorite Sports Teams

Iowa is a state with a strong passion for sports, particularly college sports. While there are no major professional sports teams in the state, residents of Iowa can still engage in legal sports betting on popular college sports programs like the Iowa Hawkeyes.

Iowa Hawkeyes football and basketball teams have always attracted a huge following. They compete in the Big Ten Conference of the NCAA Division I. With exciting matchups and intense rivalries, fans can place bets on these teams at various Iowa sportsbooks. In addition to football and basketball, Iowa residents can also bet on other sports like wrestling and baseball from the same college program.

Top Sports Events & Leagues in Iowa to Place Bets on Right Now

Iowa has a diverse sports betting landscape, with numerous events and leagues to place bets on. Football and basketball, both at the professional and college level, draw significant attention.

Football: For football fanatics, the NFL is a popular option, with the top sportsbooks offering a range of betting options on games each season, including moneylines, point spreads, and over/unders. In addition to the NFL, college football is prevalent in Iowa, with the Iowa Hawkeyes and the Iowa State Cyclones fiercely competing in the NCAA Division I.

Basketball: Basketball enthusiasts can bet on the NBA and NCAA games too. The NBA offers exhaustive betting markets, with season-long futures and in-game prop bets available at various online sportsbooks. College basketball in Iowa also garners attention, with the Iowa Hawkeyes, Iowa State Cyclones, and the Northern Iowa Panthers battling it out in NCAA Division I.

Golf: The annual John Deere Classic, a PGA Tour event, allows golf fans to bet on their favorite golfers. You can place wagers on the tournament winners and other betting markets, such as head-to-head matchups and top finishes.

Hockey: Hockey bettors can wager on the AHL, with the Iowa Wild frequently taking the ice. There are also three professional hockey teams within the state, offering great views from the ring side.

Most Popular Sports & Betting Markets in Iowa

Now that we've taken a look at some of Iowa's favorite sports, let's investigate the different types of bet that you can make. There are lots of different options for legal sports betting in Iowa. You'll find some of the most common types of wager below.

Moneyline

Moneyline betting is simply backing one team to win. You can place moneyline bets on all sports and they remain the simplest option for beginners.

Total

Total bets predict how many points will be scored in a game. They're particularly common in team games, such as the NBA, NFL, and NHL.

Point Spread

The point spread works kind of like a handicap, where the underdog are given an advantage over the favorite using points. For example, in an NFL game there might be a point spread of 5, meaning that the underdog could lose by a margin of 5 or fewer points and the bet would still be paid out.

Parlay Bets

Parlays are a series of 2 or more bets that must all be correct in order to be paid out. For example, you might place a bet on one team to win their football match, another team to lose their baseball game, and a player to score the final touchdown in a different football match. Only if all three things happened would you win your parlay

Same Game Parlays

These work exactly like parlay bets, except all of the bets you make happen in the same game. These are usually paid out at slightly lower odds than standard parlays.

Prop Bets

Prop bets invite you to bet on certain things happening in sporting events. It could be as simple as a player scoring a certain number of points, or even what color Gatorade is poured over the winning coach of the Super Bowl team.

What Can’t You Bet on in Iowa?

While Iowa has a relatively relaxed approach to betting on sports, there are still a few restrictions on what you can wager on.

High School Athletics

One area where Iowa limits sports wagering is in relation to amateur athletic events involving minors. Betting on high school sports is strictly prohibited, as these competitions involve young athletes who are vulnerable to outside pressures and possible corruption.

College Sports

Additionally, restrictions are in place for certain types of bets in college sports. For example, you cannot bet on individual player performances (prop bets) in any college sports competition in Iowa. This restriction is aimed at minimizing the influence bettors might have on student-athletes.

Election Betting

Betting on the results of the election, or politics more generally, still isn't legal in Iowa. In fact, at the time of writing there isn't a single US state that allows betting on politics.

Pros and Cons of Betting on Sports in Iowa

In 2019, sports betting became legal in Iowa, offering both retail and online sportsbooks for residents and visitors. This development has led to an increased interest in betting on various sports, but it also comes with its own set of pros and cons.

Pros

✅Economic Benefits: One of the main advantages of legalizing sports wagering in Iowa is the potential for increased revenue for the state. In fact, since its legalization, Iowa sportsbooks have reported millions of dollars in revenue.

✅Bettor Protection: With regulated sports betting in place, consumer protection is enhance. Bettors can confidently wager on games and events knowing that they are using legitimate platforms. This stunts the growth of underground, illegal betting activities.

✅Job opportunities: Iowa sportsbooks can potentially boost local sports bars and restaurants as fans gather to watch games and place bets together. Plus, job opportunities in sportsbook management and customer support sectors can be created, which further bolsters the local economy.

Cons

❌Problem Gambling: A significant concern associated with sports betting in the state is the potential for gambling addiction. Although measures are put in place, such as age restrictions and self-exclusion programs, there is a risk for some individuals to develop compulsive gambling behaviors.

❌Match Fixing: Another potential pitfall is the risk of athletes or officials being influenced, leading to potential match-fixing or point-shaving scandals. Recently, Iowa has experienced a college betting scandal that involved local university teams, questioning the integrity of college sports.

Legal online sportsbooks in Iowa comes with their own set of benefits and downsides. While the legal sports betting market offers economic incentives, there is a need for continued vigilance to address potential risks and ensure the best interests of both the state and its residents.

How to How to Create an IA Sports Betting Account

So, you've read all about it and you're ready to start placing bets? Below is a guide on how to create an online sportsbook account. We're using BetMGM as an example.

Head to the site of your choice

First, head to the Iowa sportsbook of your choice. We'll use BetMGM for this example. Once there, click the Sign Up button to start.

Enter your personal information

A pop up will open and ask for your personal information. It's important that you answer this truthfully as it helps the sportsbook to verify your identity. They have to do this to comply with state law.

Enter your desired login details

Next, you'll be invited to choose your login details. Remember to use a secure and unique password that nobody could guess.

Claim a welcome bonus

Before you make your first deposit, consider claiming the welcome bonus. You can find this along with any necessary promo codes on the bonus page.

How to Deposit Money at Iowa Betting Sites

Making your first deposit at any Iowa sportsbook is easy. Let's use BetMGM as an example:

How to Withdraw Money from Iowa Betting Sites

Want to get your hands on your winnings quickly? Follow these steps to learn how to withdraw money from BetMGM.

Best Deposit and Withdrawal Methods for Sports Wagering in Iowa

Ready to make a deposit and start betting? Below is a brief guide to the most common types of payment method, along with their benefits and drawbacks. If you'd like a side-by-side comparison then skip to the bottom of this section for all of the info in a table.

Debit Card (Visa & Mastercard)

Debit cards, specifically Visa and Mastercard, are widely accepted by most Iowa sportsbooks. They offer simple, secure, and quick transactions for both deposit and withdrawal purposes. Keep in mind that some smaller banks may have restrictions on using debit cards for online betting, so double-check with your bank to ensure their policies align with your needs.

Bank Transfer

Bank transfers provide a secure way for bettors to deposit and withdraw funds directly to and from their bank accounts. This method offers high limits and is usually free of charge, depending on your bank’s policies. However, bank transfers may take longer to process compared to other methods, particularly for withdrawals.

PayPal

PayPal is one of the most popular e-wallet options for betting online. This method allows bettors to quickly deposit and withdraw funds using their PayPal accounts, ensuring secure and speedy transactions. Additionally, PayPal provides an extra layer of security by not sharing your financial details with the sportsbook.

Digital Wallets (Neteller, Skrill, Trustly)

Digital wallets such as Neteller, Skrill, and Trustly offer fast and convenient deposit and withdrawal options for Iowa sports bettors. These e-wallets generally have low fees and short processing times, making them an attractive choice for bettors looking to move money in and out of their sports betting accounts.

Cryptocurrency

Cryptocurrency, such as Bitcoin, has become an increasingly popular deposit and withdrawal method for completing betting transactions. This digital currency offers quick, secure, and anonymous transactions with low fees. However, not all sportsbooks accept cryptocurrency, and fluctuating exchange rates could impact the value of your winnings or losses.

Best Ways to Legally Bet on Sports in Iowa

Online Sportsbooks in Iowa

In Iowa, sports betting became legal in August 2019. Since then, several online sportsbooks have emerged. These platforms offer a user-friendly experience, convenient payment options, and a great variety of sports to bet on.

Some popular platforms include Caesars Sportsbook and FanDuel, both offering competitive odds and generous promotions to Iowa bettors.

Sports Betting Apps (Mobile Sports Betting) in Iowa

Mobile betting has gained significant popularity due to its convenience and easy access. Several sportsbooks operating in Iowa offer mobile apps, allowing users to bet on their favorite sports directly from their phones.

Among the top options for Iowa sports betting apps are BetMGM and DraftKings Sportsbook . These apps are available for download on both iOS and Android devices, making it easier than ever for residents to bet on sports wherever they are in the state.

Retail Sportsbook in Iowa

Iowa sports bettors enthusiasts can also visit physical a retail sportsbook to place their bets. Although sports bars are a popular choice, some land-based casinos offer sports betting facilities too. These establishments provide a social atmosphere where sports fans can enjoy watching games and placing bets in person. We cover a complete list of Iowa's retail betting outlets here.

Fantasy Sports in Iowa

Fantasy sports have a devoted following in Iowa, with platforms like DraftKings and FanDuel offering daily fantasy sports (DFS) options for players. Both of these platforms allow users to put their sports knowledge to the test by creating fantasy teams and competing against other players.

Best Sports Betting Strategies in Iowa

Wagering on sports in Iowa has been legal since August 2019, with several sportsbooks available for bettors to choose from. To increase your chances of winning, consider implementing some proven sports betting strategies.

Line & Odds Shopping: Always compare lines and odds across multiple Iowa sports betting sites to find the best value. Different sportsbooks may offer slightly different odds, which, when capitalized on, can lead to improved overall returns.

Specializing in One Sport & Bet Type: Focusing on just one sport and bet type allows you to gain a deeper understanding of teams, players, and betting markets,. This increases the likelihood of making well-informed predictions.

Managing Your Bankroll: Apply a bankroll management strategy to protect your funds and prolong your betting experience. This includes setting a strict budget for gambling and adhering to it, as well as using a staking plan to determine how much you should bet on each wager.

Middling Your Bets: Look for opportunities to place wagers on opposite sides of the same event with differing odds in order to exploit potential profit margins. This technique requires patience and continuous monitoring of the betting markets.

Looking for Value in Prop Bets: Prop bets, or proposition bets, involve wagering on specific events within a match or game rather than the overall outcome. Seek out undervalued prop bets to capitalize on potential discrepancies in the sportsbook’s odds.

Iowa Sports Betting Handle

Online sports betting has gained significant traction in Iowa since it was legalized in May 2019. The state has seen continuous growth as more residents embrace placing bets on their favorite sports.

In the 2023 fiscal year, operators in Iowa enjoyed a record $165.5 million in revenue, nearly double that of the prior year. This impressive revenue growth from the sports betting handle has contributed $11.9 million to Iowa’s tax revenue.

Should I Bet on Offshore and Gray Market Sportsbooks?

Iowa legalized domestic sports gambling in May 2019, allowing state-regulated sportsbooks to compete with popular offshore sportsbooks that have provided betting services to Iowans for quite some time. The accessibility of state-regulated sports betting makes it a more appealing choice for most bettors.

Offshore sportsbooks, such as Bovada and BetOnline, cater to Iowa players and are legal to use. However, they operate outside of Iowa’s jurisdiction and are not subject to state regulations. This may pose risks, such as reduced consumer protection and difficulties with dispute resolutions due to the lack of a governing body overseeing these operations.

When deciding whether to use an offshore or gray market sportsbook, consider the following factors:

• Regulation: State-regulated sportsbooks provide better consumer protection, as they are overseen by the Iowa government. Although offshore sportsbooks are legal to use, they lack the same level of oversight, potentially resulting in inferior customer support and dispute resolution.

• Betting Restrictions: State-sanctioned sportsbooks may have betting restrictions that offshore sportsbooks do not. If specific betting options are important to you, compare the restrictions of both types to determine which one suits your needs better.

• Payout Times: Offshore sportsbooks typically have longer payout times (1-4 days) compared to state-regulated sportsbooks. This factor may be crucial if you prioritize quick access to your winnings.

Offshore and gray market sportsbooks can offer certain advantages, such as fewer betting restrictions and unique betting options. However, the benefits of state-regulated sportsbooks, such as better customer protection and faster payouts, are generally preferred by Iowan bettors.

Do You Need to Pay Tax on Sports Betting Winnings (or Losses) in Iowa?

All gambling winnings in Iowa are subject to both federal and state taxes. Below is how to work out what you'll pay.

All taxpayers: must report any gambling income they receive. This applies to both online and offline sports betting. If your winnings exceed $600, the sportsbook you use will also report those earnings to the IRS source. Be sure to keep accurate records of your winnings and losses to ensure you’re only paying taxes on the net income.

Professional Gamblers: You can write off gambling losses on your tax return, but only up to the amount of your reported gambling winnings. Keep in mind that these deductions are specifically for professional gamblers who can substantiate their claim as a business expense.

Everyone: On the state level, Iowa taxes are applied to any winnings that exceed $1,200 from slot machines or $5,000 from poker tournaments. Unfortunately, the state does not allow gambling losses to be deducted from winnings, meaning you will owe taxes on the entire amount received.

Responsible Gambling in Iowa and Where to Seek Help

Iowa promotes responsible gambling by providing resources and assistance to individuals who feel they may have a gambling problem. Below are some of the methods available to those who are struggling.

Voluntary self-exclusion program: This allows individuals to self-enroll and prevent themselves from entering any state-licensed gambling facility. You can enroll in this program at casinos, the Iowa Racing and Gaming Commission (IRGC) office in Des Moines, or any Iowa Gambling Treatment Program location.

The Iowa Gambling Treatment Program (IGTP): This offers services such as counseling, support groups, and educational materials to help those struggling with gambling addiction.

The National Problem Gambling Helpline (1-800-522-4700): This is a toll-free, 24/7 helpline that provides confidential assistance and support for those seeking help with gambling problems. The helpline can provide information about local resources and treatment options as well.

Gamblers Anonymous (GA): This is a 12-step program that offers a supportive community for individuals to share their experiences, learn from others, and work together towards recovery. GA meetings can be found in various locations throughout Iowa, providing a safe space to openly discuss gambling addiction and find support.

Iowa Sports Betting FAQ