The Iowa Racing and Gaming Commission held a hearing on the proposed rules for the sports betting segment, which continues to move ahead.
US.- The sports betting segment continues to take the US by storm. That’s why the Iowa Racing and Gaming Commission held a hearing on the proposed rules for the segment.
Only two people spoke at the hearing: representatives of online sports betting companies and the Iowa casinos. There were no comments by members of the public.
“I was surprised that we did not get many comments,” IRGC administrator Brian Ohorilko said. “We’ll take a look at (recommendations from both representatives),” Ohorilko says. “But I think the draft that is out there is good and is hopefully close to its final form.”
“One way they can do it themselves [casinos], through a casino app that an individual casino would provide,” Ohorilko says. “The other way — and what we’re seeing with most of the operators — they’re entering into an agreement with advance deposit sports wagering operators. Those operators will provide the application.”
According to Ohorilko, the approval will come at a special meeting July 30th. “The thought is that we would put those rules back on that agenda for emergency adoption,” he said. “If they were adopted by the commission, there would be an affect date sometime in mid-August,” he explained.
“That would allow for the casinos to finish up some housekeeping things necessary to go live with sports wagering. Things like approving rules, getting their accounts established, other controls that are necessary for sports.”
Iowa became one of the latest states in the US to legalise sports betting after the Governor signed the bill into law in May. Less than a month from obtaining that signature, state regulators said that they’re on track to finishing tules that would allow licensed casinos to accept bets on professional and college sports by mid-August or earlier.