Iowa added another sportsbook Monday to its growing number of operators in the state, as bet365 expands its business by partnering with Casino Queen Marquette. Bet365, a global sportsbook operator, is currently live in four other states; Colorado, New Jersey, Ohio, and Virginia.
A bet365 sportsbook Iowa spokesperson noted the company’s enthusiasm for its entrance into its new market in a press release:
“We are incredibly excited to welcome the Hawkeye State to bet365. From Sioux City to Marquette and everywhere in between, Iowans will now have access to our market-leading sportsbook product.”
According to the press release from bet365, the partnership with Casino Queen Marquette is a multi-year deal, something Sean Batemnan, general manager of the casino, is looking forward to:
“We’re thrilled to work with bet365 to provide players with an in-demand and trusted source for safe online wagering. It’s an exciting time for our guests and passionate sports fans in Iowa, who will benefit from fantastic site features and attractive offers.”
bet365’s entrance into the Iowa sports betting market is its first new market since its introduction to Colorado in September.
What is bet365 sportsbook?
Founded in 2000, bet365 currently boasts over 90 million customers and over 7,000 employees worldwide. The sportsbook app offers several features, including:
- Same game parlays, cashouts, and the ability to edit bets.
- Bet boosts and profit boosts.
- Early payouts on MLB, NFL, NBA, NHL, and NCAA.
- Live streaming on over 780,000 events.
- Pre and live in-game props for all major sporting events.
Through the bet365 sportsbook app, users are able to place bets, track their progress and even watch live streams of events – as long as they’re within Iowa’s borders or another state where the service is live. Beyond live streaming, the app features other ways to follow along with events, including live stats.
bet365 will be joining Queen Sportsbook, the sportsbook of Queen Casinos, which replaced Fubo Sportsbook at Queen Casino Marquette. Fubo sportsbook ceased operation at the casino in November. Queen Sportsbook is available at kiosks on any of the casino’s three floors.
Casino Queen Marquette, which has operated as a riverboat casino, announced in January it will be making the move to dry land.
The current sportsbook landscape in Iowa
With the introduction of bet365 to the Iowa market, the state currently is home to 20 active sportsbooks. The sportsbooks include:
- Bally Bet
- Barstool Sportsbook
- bet365
- Betfred Sportsbook
- BetMGM
- BetRivers Sportsbook
- Betway Sportsbook
- Caesars Sportsbook
- Circa Sports
- ClutchBet
- DraftKings Sportsbook
- DRF Sportsbook
- Elite Sportsbook
- FanDuel Sportsbook
- Hard Rock Sportsbook
- PointsBet
- Q Sportsbook
- Queen Sportsbook
- Tipico
- Unibet
Fubo Sportsbook and theScore Bet no longer operate in Iowa. Fubo Sportsbook had previously operated in Arizona and Iowa but has since been shut down by Fubo. theScore Bet, based out of Ontario, shut down its U.S.-based services on July 1, 2022. It continues to operate in Canada.
April 2023 sees increase in revenue from previous year
In April, Iowa sportsbooks saw over $172.5 million in wagers, leading to $14,117,868 in total revenue and $958,605 in taxes for the state. In April 2022, sportsbooks saw over $177 million in wagers but nearly $2 million less in revenue at $12,398,243.
Diamond Jo Casino Dubuque brought in the most revenue among all operators, bringing in $5,025,104 from over $42.5 million in wagers. The casino features FanDuel Sportsbook Iowa and Betway Sportsbooks IA.
As of April 2023, over $6 billion has been wagered in Iowa since sports betting was legalized in 2019. All that gambling has brought in $414,363,668 in Iowa sports betting revenue and $28,855,775 in taxes for the state.
