STREAMING NOW: Watch Now

Iowa Senate passes sports betting bill, sends to House

A bill that would legalize betting on sporting events and fantasy sports in Iowa has passed the Senate and is expected to be considered as soon as Monday in the House.

Posted: Apr. 18, 2019 2:55 PM

DES MOINES, Iowa (AP) — A bill that would legalize betting on sporting events and fantasy sports in Iowa has passed the Senate and is expected to be considered as soon as Monday in the House.

The bill authorizes the Iowa Racing and Gaming Commission, which regulates the state casinos, to establish rules for betting on professional, collegiate and international sporting events, including motor racing.

The bill excludes betting on some events, including minor leagues and in-state college team players.

The bill also legalizes fantasy sports contests and internet fantasy sports betting but delays betting based on college sporting event statistics until May 2020.

Sports betting would be limited to those 21 and older, and the bill sets a 6.75% tax on net receipts. Taxes and licensing fees could bring in estimated annual revenue of $2.3 million to $4 million annually.

The Senate approved the bill Wednesday 31-18 with no debate. Twelve Republicans and six Democrats voted against it.

States began legalizing sports gambling last year after the U.S. Supreme Court ended Nevada's monopoly.

Article Comments

Mason City
Overcast
56° wxIcon
Hi: 71° Lo: 46°
Feels Like: 56°
Albert Lea
Overcast
52° wxIcon
Hi: 68° Lo: 47°
Feels Like: 52°
Austin
Overcast
54° wxIcon
Hi: 71° Lo: 49°
Feels Like: 54°
Charles City
Overcast
55° wxIcon
Hi: 71° Lo: 47°
Feels Like: 55°
Rochester
Overcast
49° wxIcon
Hi: 69° Lo: 47°
Feels Like: 42°
Tracking slowly clearing skies today and temps returning to normal.
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

Chris' PM Weather Forecast 5/21

Image

RPD talks bomb scare

Image

Wastewater treatment plant moratorium

Image

Inclement weather compensation plan

Image

Chris' Reality Graphics

Image

Utility rates going up in Mason City

Image

Bryce Ball experiences success at DBU

Image

Lourdes baseball looks to continue undefeated season

Image

IHSAA/IGHSAU golf state finalists

Image

Somerby hosts Kid's Cup

Community Events