This bill establishes a legal framework for advance deposit gambling games in Iowa, amending various sections of the Code to include definitions, licensing requirements, and operational standards. It introduces "advance deposit gambling games" into the definitions of activities from which individuals can voluntarily exclude themselves and grants the racing and gaming commission the authority to set standards for these games. The commission will also identify occupations requiring licensing and establish associated fees, with revenue from license fees directed to the general fund and regulatory fees allocated to the gaming regulatory revolving fund.

The bill details the licensing process for advance deposit gambling games, including an initial license fee of $45,000 and an annual renewal fee of $10,000. It allows licensed operators to conduct these games online and enter into operating agreements with other entities to create branded internet sites. Additionally, it mandates that licensees provide a statewide telephone number for problem gambling information 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 as a class D felony, and allows the commission to collaborate with foreign 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