Iowa Sports Betting Bill Passes in Senate

Written by:
Associated Press
Published on:
Apr/19/2019

DES MOINES, Iowa (AP) — A bill that would legalize betting on sporting events and fantasy sports in Iowa has passed the Senate and is expected to be considered as soon as Monday in the House.


START YOUR OWN SPORTSBOOK FOR JUST $4 PER CUSTOMER PER WEEK

The bill authorizes the Iowa Racing and Gaming Commission, which regulates the state casinos, to establish rules for betting on professional, collegiate and international sporting events, including motor racing.

The bill excludes betting on some events, including minor leagues and in-state college team players.

The bill also legalizes fantasy sports contests and internet fantasy sports betting but delays betting based on college sporting event statistics until May 2020.

Sports betting would be limited to those 21 and older, and the bill sets a 6.75% tax on net receipts. Taxes and licensing fees could bring in estimated annual revenue of $2.3 million to $4 million annually.

The Senate approved the bill Wednesday 31-18 with no debate. Twelve Republicans and six Democrats voted against it.

States began legalizing sports gambling last year after the U.S. Supreme Court ended Nevada’s monopoly.

Gambling News

Sports Betting News Updates: Disney,

Sports Betting News Updates: Disney, Others Risk Reputation, PointBet Refunds on Egregious No Call

A number of media companies have gotten into bed with gambling firms in recent weeks.  Caesars hooked up wtih ESPN last year, well ahead of more recent "open" marriages where the media firms like Fox and possibly Sinclair will act as bet takers.

Influence of Blockchain on Internet Gambling

Influence of Blockchain on Internet Gambling

Ahead of the highly anticipated first ever segment on the long running CBS news magazine 60 Minutes covering bitcoin, Inside Financial looks at the impact blockchain has had on the gaming sector.

Legalized Sports Betting in the US: The Good the Bad and the Ugly

Legalized Sports Betting in the US: The Good the Bad and the Ugly

John Holden, Assistant Professor at Oklahoma State University, has written a must read paper on the legal sports scene in the United States one year after the US Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA). 

You're Not Welcome: Illinois Bill Seeks to Prevent Entrance by Draftkings, FanDuel

Language in a current version of bill floating around Illinois legislature seeks to keep out US legal sports betting titans FanDuel and Draftkings, both of which have absolutely cornered the NJ market.  The Cook County record suggests there will most certainly be legal repercussions.

Sports Betting Forums: Top Discussions

We tap into the hottest discussions on the sports betting forums and social media.  Hot now: Caesars-ESPN deal not celebrated by all, Bitcoin exchanges and gambling, Illinois sports betting bill keeps out Draftkings, FanDuel?

Syndicate