Iowa Sportsbetting Bill Heads to Governor for Signing

This week Iowa's House voted in approval of a sportsbetting bill that would legalize the activity in the Hawkeye State. Now that bill heads to Governor Kim Reynolds' desk to be signed into law.

The House voted in approval of the bill with a 67-31 margin, and it had previously been approved of by the Senate with a 31-18 spread. The bill must be signed into law by May 3rd, when the current legislative session ends. Under the verbiage of the bill, sportsbetting would be legal within Iowa's borders, and would also allow for mobile and online wagers to be placed.

Operators seeking a gaming license will have to put up a $45,000 licensing fee, and will be taxed at a rate of 6.75% on net sports-wagering receipts. The market would be set up by the Iowa Racing and Gaming Commission, and wagers wouldn't be allowed for collegiate teams based in the state.

We're following this story and we'll let readers know whether the governor signs the bill into law or vetoes the measure.

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bgsharpe
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24 April 2019 - 12:21pm
#1

Well, yet another state is on the way of legalizing sports-betting and I guess we would hear more of this in the next months.
The licensing fees and taxes for the operators looking to be quite low which I guess would result in many brands being really interested of obtaining licenses in Iowa.

usbarbadosslim93
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24 April 2019 - 6:04pm
#2

I imagine farmer Bob placing bets in his tractor while he's tilling his fields. Having been to Iowa, there's not too much going on out there...

sharpe

bgsharpe
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25 April 2019 - 10:03am
#3

Ha-ha..yeah quite a thought Slim... Bob in his John Deere's placing a bets 🙂

Well a smartphone is enough these days whenever you may be so...they might be a farmers but would have sportsbetting available before you in Michigan mate 😉 ...oops...forgot I have to shut my mouth 😀

usbarbadosslim93
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26 April 2019 - 12:26pm
#4

Haha, touche sharpe. I'm eagerly anticipating the legalization here... shouldn't be too much longer.

sharpe

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