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Sports Betting Reaching Its Seasonal Peak

February 10, 2023 11:58PM CST
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Sports Betting Reaching Its Seasonal Peak
FILE – Fans sit inside Arrowhead Stadium before an NFL football game on Dec. 12, 2021, in Kansas City, Mo. Kansas legislators were close Wednesday, April 27, 2022, to approving a measure authorizing sports betting and wanted most of the state’s revenues from it to go to efforts to lure professional football’s Kansas City, Missouri-based Chiefs to the Kansas side of the metropolitan area. (AP Photo/Charlie Riedel File)

Radio Iowa-Sports betting is now legal in 36 states, including Iowa and experts are predicting the betting on the Super Bowl is going to double what it was last year. Iowa Racing and Gaming Administrator, Brian Ohorilko , says the regular season and playoffs are key for sports books.

 

He says sports betting has been strong again this football season, but could be leveling off from a record year.

 

Those promotions came as new companies were trying to find their market in Iowa. The rush to get up and running for sports books has turned into some consolidation.

 

With everything settling in, Ohorilko says this year is likely to be a good benchmark for the future of the industry.

 

He says the next two months wrap up the heaviest betting seasons.

 

Sportsbooks began operating in Iowa in August 2019.