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There’s room for both the Lottery and casinos, Neubauer said, noting that about 70 percent of sports betting worldwide is operated through lotteries. Currently, the Iowa Racing and Gaming Commission oversees casino gambling while the Lottery oversees the state’s involvement in a variety of games including scratch tickets and the multistate Powerball. Casinos are more likely to offer what Neubauer called “full-blown sports betting” on everything from the coin toss at the start of a game to whether the next pitch will be a ball or strike to the outcome of a championship game or series. Lottery retailers likely would offer a few standard choices designed to appeal to the more casual bettors rather than the full-scale sports bettor, Neubauer said. Whatever the appeal of the games, sports betting doesn’t appear to offer a huge jackpot for the state. Highfill estimates the state’s cut http://pokeronlineitj.justaboutblogs.com of sports betting would be in the “tens of millions.” Thank you for signing up for our e-newsletter! You should start receiving the e-newsletters within a couple days. Based on the research the Lottery has done, Neubauer said the state tax revenue likely would be between $1 million and $10 million. By comparison, the casino industry generated more than $319 million in overall taxes, according to the Racing and Gaming Commission. Despite the low rate of return for the state, Neubauer said Iowans already are engaged in sports betting. By legalizing it and regulating it, the state would be providing consumer protection.
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