Overview: Gambling in Iowa
One of lowest tax rates at 6.75%. Early adopter. No online casino. Mid-size market. The Iowa Racing and Gaming Commission (IRGC) oversees all gambling operations in the state.
Online Sports Betting in Iowa
Online sports betting has been legal in Iowa since 2019. There are currently 6 licensed sportsbook apps operating in the state. The state taxes operators at 6.75% of gross gaming revenue.
Online Casino Gambling in Iowa
Online casino gambling (slots, blackjack, roulette, poker) is not legal in Iowa. Online casino legislation has been considered but has not passed.
Tax Requirements for Gamblers in Iowa
All gambling winnings are subject to federal income tax as ordinary income. You should report net gambling winnings on your federal tax return. Sportsbooks and casinos may issue W-2G forms for significant winnings. Keep records of your gambling activity — wins and losses — throughout the year. Iowa residents should also check state income tax rules for gambling winnings.
Responsible Gambling Resources in Iowa
Problem gambling is a serious issue. If gambling is impacting your life or relationships, free confidential help is available:
- National Problem Gambling Helpline: 1-800-522-4700 (call or text, 24/7)
- National Council on Problem Gambling (ncpgambling.org)
- Iowa Self-Exclusion: Iowa Gaming Association Self-Exclusion