Keep the Iowa Standard Going!
From Rep. Lee Hein’s newsletter:
A version of sports betting has passed the House Ways & Means Committee on a bipartisan vote of 16-9. This bill had previously passed the House State Government Committee with bipartisan support on a vote of 13-10. This bill continues to allow for sports betting on professional and collegiate level through a licensed casino. It also legalizes internet fantasy sports contests.
A limitation was placed on collegiate sports betting through an amendment. House File 648 now places a ban on commercial sports betting on in-state collegiate individual bets. Another amendment committed .25% of tax revenue from sports wagering to the Department of Public Health for problem gambling programs.
The last amendment also requires Prairie Meadows to use receipts from gambling games and sports betting to support the horse racing industry and to supplement purses for races particularly for Iowa-bred horses pursuant to an agreement. The amendment also expands what the horse purse money designated for quarter horses and thoroughbred horses can go to include benevolence, quarter horse aftercare, breeder promotions and awards, and improvements to the horse racetrack in Polk County.