ClutchBet Approved for sports betting unveiling in Iowa as the first of four states it set to debut
ClutchBet has received a license to unveil a gambling location in Iowa following the approval of the Iowa Racing and Gaming Commission. ClutchBet is a newly launched US-facing brand of Australian bookmaker BlueBet.
BlueBet reports show that the commission has approved its application to operate under the ClutchBet brand. While the brand has also secured market access in Indiana, Colorado, Louisiana, and Iowa will be the first state where the company goes live in line with its Capital Lite US market entry strategy.
The company will begin operation immediately
Speaking on the development and the license approval is BlueBet Chief Executive Officer Bill Richmond, who said:
“We are thrilled to announce that BlueBet is now officially live in the US after being licensed to operate by the Iowa Racing and Gaming Commission. We are organizing to take our first bets in Iowa under the ClutchBet brand. This is a huge moment in BlueBet’s path. We are excited to bring our sportsbook to Iowa sports fans, who we are confident will respond well to our mobile-first online provision and differentiated market position.
This continues our Capital Lite US market entry strategy. We unveiled our ClutchBet sportsbook into our initial four states while also focusing on securing B2B partners for the second stage, our white labeled sportsbook as a solution offered.” —- Bill Richmond —- BlueBet CEO —-
He further concludes by saying:
“I would like to thank everyone who has made this moment a reality, including our BlueBet team and valued partners in Iowa, the Dubuque Racing Association.”
The BlueBet team first launched in its US ClutchBet in June this year.