Global sportsbook operator Tipico will expand into Iowa this year, the company said Monday, through a partnership with Isle Casino Hotel Bettendorf and Caesars Entertainment.
The 10-year agreement between Tipico and Caesars Entertainment is effective immediately. Tipico expects to launch its mobile sports-betting app in Iowa in the fourth quarter.
State law requires an operator to have a physical location in Iowa. This agreement allows Tipico to use the Bettendorf casino for that venue.
Tipico, which is based in Malta and also has significant operations in Germany, already has sportsbooks operating in Colorado and New Jersey. Tipico also plans to expand into Indiana.
