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The Hard Rock Hotel & Casino in Sioux City’s internet sportsbook, Hard Rock Sportsbook Iowa, is closing. The sportsbook’s activities on its website and app ceased on November 28 due to a change of ownership, which is the reason for the shutdown.
According to the official notice, on December 28, one month from now, the website and app will go down. Any profits or leftover money in user accounts will be quickly transferred by cheque and mailed to bettors. Customers can continue to gamble on sports in person at the casino in the interim.
In September 2019, Hard Rock opened for in-person sports betting. In the first full month of the sportsbook, wagers placed by customers totaled an amazing $1.2 million. In December 2019, the casino added online sports betting to its list of services, as the Sioux City Journal reported.
The Iowa Racing & Gaming Commission’s most current September data presents a complex financial picture of Hard Rock’s sports betting. The casino reported a profit of $47,710.01 on a handle that was close to $2 million, which is much less than other facilities in the state when it comes to net revenues from sports bets.
Moreover, IRGC data shows that the casino’s online sports wagers lost $31,857.25.
In an incredible $2.485 billion deal last year, Churchill Downs Incorporated—known as the parent corporation of the venerable Kentucky Derby—took the Hard Rock Hotel & Casino Sioux City. This deal included casino assets in Virginia and New York in addition to Iowa, and it marked a turning point for the well-known organization.