Friday, July 23, 2021

Olympic wagering is allowed in Iowa

(Radio Iowa) – The Olympics are getting underway and Racing and Gaming Administrator, Brian Ohorilko, says they will give Iowa’s growing new sports betting industry a boost. “The Olympics will really be a good shot in the arm during this period of time for sports wagering. Sports wagering the summer is typically just a very slow type of period,” Ohorilko says. This is the first summer with the Olympics since the industry got up and running in Iowa. “It will be interesting to see how it impacts the numbers — I know the sportsbooks are excited,” Ohorilkoh says. “There are a number of wagers that they can offer.”

He says there are also a few things that are off limits for sports betting. “There are some wagers they cannot offer — individuals events for example where participants are under 18 cannot be on the board — but all team events can be,” according to Ohorilkoh, “and it likely will be very popular as we move into the summer. And should help the sports wagering industry during this typically slow period.”

The Olympics will fill some of the gap in the sports world before the fall college and pro football seasons get underway. More than one point-two BILLION dollars was spent on sports in Iowa in the first full fiscal year of betting that ended June 30th.


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