Hard Rock Sportsbook Iowa shutting down due to a change in ownership
Hard Rock Sportsbook Iowa, the digital sportsbook of Sioux City's Hard Rock Hotel & Casino, is shutting down due to a change in ownership. The casino announced that the last day to place a wager via the sportsbook's website and app is November 28.
As announced by the business, the website and app will be taken offline one month later, on December 28; any remaining funds in accounts or winnings will be paid by check and sent to the bettor by mail. Bets can continue to be placed at the in-person sportsbook at the casino.
Hard Rock began accepting sports bets in person in September 2019. during the sportsbook's first full month, patrons wagered $1.2 million on sporting events at the Hard Rock. The casino added online sports betting in December 2019, as reported by the Sioux City Journal.
Hard Rock Hotel and Casino in Sioux City
Net receipts of Hard Rock's sports wagering in September, the most recent month for which statistics are available, were significantly lower than every other casino in the state. The business reported only $47,710.01 in profit on a handle of nearly $2 million, according to data from the Iowa Racing & Gaming Commission.
Moreover, net receipts on the casino's internet sports bets were $31,857.25 in the red, according to the IRGC data.
Churchill Downs Incorporated, the parent company of the Kentucky Derby, gained control of Hard Rock Hotel & Casino Sioux City last year, as part of a blockbuster $2.485 billion deal that included gaming properties in Virginia and New York.
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