This bill establishes a legal framework for advance deposit gambling games in Iowa, introducing definitions, licensing requirements, and operational standards. It amends existing laws to include "advance deposit gambling games" in the list of activities from which individuals can voluntarily exclude themselves. The racing and gaming commission is granted the authority to set standards for these games, identify occupations requiring licensing, and establish related fees. Revenue from license fees will be allocated to the general fund, while regulatory fees will contribute to the gaming regulatory revolving fund. The bill also outlines a licensing process that includes an initial fee of $45,000 and an annual renewal fee of $10,000, along with a 10% tax on net receipts from these games.

Additionally, the bill allows licensed operators at pari-mutuel racetracks and excursion gambling boats to conduct advance deposit gambling games, mandates the inclusion of a statewide problem gambling hotline on their platforms, and permits agreements with up to two entities for creating branded internet sites. It defines eligibility criteria for participants, requiring them to be at least 21 years old and located within the state or permissible jurisdictions. The bill imposes penalties for unlicensed gambling activities, classifying them as a class D felony, and updates reporting requirements for licensees to align with those for sports wagering.

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