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Iowa regulated sportsbooks are forbidden from allowing individuals to open betting accounts or placing wagers using a credit card. These websites include DraftKings, FanDuel and BetMGM, to name a few. Offshore sportsbooks like BetOnline accept most major credit cards providing the bank issuer allows the cards for gambling (Wells Fargo, for example, does not). Local bookies take things a step forward by allowing gamblers in the state to bet on credit, meaning customers don't have to fork over any money in the form of a deposit.
Hawkeye State's Tough Stance on Credit Cards
Iowa regulators fined one licensed sportsbook, American Wagering Inc (better known as Caesars Sportsbook)., $60k for allowing its customers to bet using a credit card.
Brian Ohorilko, the administrator for the Iowa Racing and Gaming Commission (IRGC), said they discovered the incident in 2021 but only fined the company last year. In some cases prepaid debit cards were used.
“Once it was determined what had occurred, the commission knew that this particular payment processor was also being utilized by six other vendors in Iowa, six other online sportsbooks,” Ohorilko said.
Iowa Hawkeyes Futures Odds (Opening/Current)
To open the season, Iowa was coming in at long 100-1 odds to win the College Football Playoff Championship.
They were favored to win OVER 7.5 regular season games priced at -145.
Updated Odds - NA
Iowa Hawkeyes 2023 Schedule
Aug 26 OPEN DATE
Sept 2 Utah State
Sept 9 at Iowa State
Sept 16 Western Michigan
Sept 23 at Penn State
Sept 30 Michigan State
Oct 7 Purdue
Oct 14 at Wisconsin
Oct 21 Minnesota
Oct 28 OPEN DATE
Nov 4 at Northwestern
Nov 11 Rutgers
Nov 18 Illinois
Nov 24 at Nebraska
Iowa Hawkeyes @ Iowa State Cyclones Week 2
This is likely to be a challenge for Iowa, at least on paper. Gambling911.com has the game line opening at Hawkeyes +1.
The good news for the Hawkeyes is that Iowa and Iowa State have met 68 times with the Hawkeyes leading the all-time series 46-22, and having beaten the Cyclones in the last six meetings.
Iowa Hawkeyes vs. Utah State Week 1
Iowa was coming in as a -23.5 favorite after opening at -25.5.
- Ean Lamb, Gambling911.com
