Iowa's Rhythm City Casino to include sports betting venue

by Administrator

"We included a sports lounge with the intent of someday being able to use it as a sports betting venue," General Manager Mo Hyder said

Rhythm City in Davenport is one of the many casinos in Iowa which are working to finalize renovation plans, establish third-party gaming partnerships and obtain a license to offer legalized sports wagering in the state.


"We included a sports lounge with the intent of someday being able to use it as a sports betting venue," General Manager Mo Hyder said. "I think everybody had anticipated sports betting, as more and more states around the country adopt it. So preliminary work occurred, and as soon as the governor signed it into law, we were positioned to move forward."
The casino will celebrate its three-year anniversary in June. And now that Gov. Kim Reynolds signed legislation to allow sports wagering, Rhythm City is one casino, out of 19 in Iowa, working to finalize renovation plans, establish third-party gaming partnerships and obtain a license.
State officials say rules could be in order by football season, allowing casinos to offer legal sports betting as early as this fall, Quad-City Times reports.
The law legalized betting on professional and college athletics, as well as on daily fantasy sports sites, such as DraftKings and FanDuel. Bets can be placed in Iowa's state-run casinos, plus online and on mobile apps.
Legal gamblers, those age 21 and older, can place bets at any of the state casinos offering a sportsbook. Iowa will collect a 6.75% tax on the casinos' sports-betting "hold," which is the house's share after bets have been settled.
A U.S. Supreme Court decision last year cleared the way for states other than Nevada to offer legal sports wagering.
Illinois is considering legalizing sports betting, which has been one goal included in Gov. J.B. Pritzker's agenda. After Indiana, Iowa became the second state in the Midwest to legalize it.
Now, sports and gambling enthusiasts are waiting on the Iowa Racing and Gaming Commission to approve rules and regulations. Administrator Brian Ohorilko said regulations will include how sportsbooks operate, what types of wagers can be offered, how player accounts should operate, measures for problem gambling and more.
"The commission is reviewing the current regulations from other jurisdictions that have approved sports wagering," he said. "We're looking at player protections and controls. Through the review of other states, we're able to see what's working and what isn't working, and that should help us come up with the best set of regulations."
He said the commission hopes to present the regulations to stakeholders in the next few weeks and hold a public meeting in July. He hopes to have everything approved by mid-August, in time for fall football season.
"It's moving very quickly, and a lot of people are excited," Ohorilko said. "But there's a difference between hurrying and cutting corners. We'll make sure we present the best, complete product."
Before Iowans can begin placing bets, casinos also must have renovation plans approved and go through the licensing process. Casinos will be required to pay a $45,000 licensing fee, plus a $10,000 renewal fee each year.
Wes Ehrecke, president and CEO of the Iowa Gaming Association, said casinos across the state are working on plans to add wagering windows for placing bets, kiosks and screens to display ongoing games.

https://www.yogonet.com/international/noticias/2019/05/24/49911-iowas-rhythm-city-casino-to-include-sports-betting-venue

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