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Agenda posted for Feb. IRGC meeting

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The Iowa Racing and Gaming Commission will hold its semi-regular public meeting Tuesday at Prairie Meadows Racetrack & Casino. The commission last met in November at Q Casino in Dubuque. A closed, executive session will be held Monday to review Iowa Division of Criminal Investigation background checks connected to the planned merger of Eldorado Resorts, Inc. (the operator of the Isle properties in Waterloo and Bettendorf) and Caesars Entertainment (the operator of Harrah’s and Horseshoe casinos—both in Council Bluffs).

AGA Study: X percent of Americans to bet on Super Bowl LIV

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More than one-in-ten U.S. adults, a record 26 million, plan to bet roughly $6.8 billion on the Super Bowl LIV matchup Feb. 2 in Miami between the Kansas City Chiefs and San Francisco 49ers, according to a survey released Tuesday by the American Gaming Association.

Betfred set for Grand Falls sportsbook grand opening

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After months of planning, Betfred USA Sports, the American subsidiary of U.K.-based Betfred Group, announced the launch of its first sports book in Yankee territory Monday with the scheduled grand opening of its operation at Grand Falls Casino & Golf Resort in Larchwood Thursday. Officials said a mobile launch will follow in the “coming weeks.”

Bill to tweak gambling win tax treatment advances

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A legislative subcommittee advanced a bill Wednesday to modify how casinos address customer winnings. When a gambler nets more than $1,200, Iowa’s casinos must scan state records to search for debts owed to state agencies, such as back taxes sought by the Iowa Department of Revenue. A panel of the House State Government Committee—including Reps. Mike Sexton (R-Rockwell City), Jacob Bossman (R-Sioux City) and Dennis Cohoon (D-Burlington)—advanced House Study Bill 502, as first reported by Cedar Rapids Gazette reporter James Lynch.

Parsing the $144k parlay payday

An anonymous better—let’s call him or her “Bettor #144″—netted $144,000 last week on an $800 bet at the William Hill Sports Book’s Isle Bettendorf Casino Hotel’s operation, news first reported by Darren Rovell of the sports betting-focused outlet Action Network and confirmed by casino officials.

[PEER REVIEW] Iowa gaming news

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Walking the Super Bowl LIV line

Super Bowl LIV: the San Francisco 49ers vs. the Kansas City Chiefs at Miami Gardens in Florida on Sun., Feb. 2—02/02/2020: They will come to Iowa casinos’ sports betting windows with angels on their shoulders, good luck charms in their pockets and can’t miss hunches in their heads—laying down what they hope will be lucky money. Priests and painters, construction workers and Wall Street whizzes, teachers and truck drivers. Catholics, Protestants, Jews, Hindus and Muslims.

Sinha challenges casino ‘monopoly’ in Polk Co. to build airport casino

Rajendra “Reggie” Sinha intrigued Iowans last week when the Business Record, reporting on the typically-mundane meeting of the Des Moines International Airport authority, published a piece on his moonshot proposal to construct a $225 million casino with a 350-room hotel at the airport. After tabling the concept at the board’s meeting last week, they will consider moving forward Feb. 11.

Iowa sports betting: ‘Fields of Opportunities’?

Since prohibition ended in mid-August, Iowa’s IRGC-regulated casinos (Iowa’s four tribal casinos, operating under a different regulatory structure, do not offer sports betting) reported a $212.2 million handle—or amount bet—as of Jan. 9. They paid out $192.9 million to winners. Casinos captured $19.3 million in net receipts and transferred more than $1.3 million in taxes to the state, according to IRGC’s fiscal year 2020 revenue report. A staggering $75 million has been bet on sports at Altoona-based Prairie Meadows since the William Hill Sports Book venue opened in August. That handle is more than four times next biggest player, Waterloo-based Isle Casino Hotel Casino, which accepted $18.7 million in bets during the same period.