This bill authorizes advance deposit gambling games in Iowa and amends several sections of the Code to incorporate this new form of wagering. It updates sections 99D.7 and 99F.4 to include advance deposit gambling games in the processes for voluntarily excluding individuals from wagering activities. The Iowa Racing and Gaming Commission is empowered to establish standards for conducting these games, identify occupations requiring licensing, and implement necessary rules for customer verification. Revenue from license fees will be directed to the general fund, while regulatory fees will be deposited into the gaming regulatory revolving fund.

Additionally, the bill introduces new provisions under section 99F.7B, detailing the licensing process for advance deposit gambling games, which includes an initial license fee of $45,000 and an annual renewal fee of $10,000. It allows licensed operators to conduct these games online, mandates the inclusion of problem gambling resources on their platforms, and imposes a 10% tax on net receipts from these games. The legislation also defines eligibility criteria for participants, establishes penalties for unlicensed gambling activities, and allows collaboration with other jurisdictions for multijurisdictional regulation, ensuring compliance with state and federal laws.

Statutes affected:
Introduced: 99D.7, 99D.11, 99F.7, 99F.9, 99F.7B, 99F.11, 99F.7A, 99D.14