House Study Bill 604 was introduced by the House Committee on State Government.
Assignment of the bill to a subcommittee for legal-compliance consideration.
Passing of the bill by the subcommittee.
Allowance for advanced deposit wagering on ‘gambling games’ as defined by Iowa State Code.
Legal compliance is necessary for advanced deposit wagering.
An extended list or table of gambling games regulated by Iowa State Code:
- Blackjack
- Roulette
- Poker
- Slot machines
- Bingo
Possibility of interstate agreements for legal compliance in playing games like poker.
Ensuring adherence to legal regulations.
Promoting compliance with interstate agreements.
Facilitating legal frameworks for poker games.
Ensuring lawful practices in gaming industry.
Implementing compliance measures for interstate gaming.
Enhancing regulatory compliance in poker games.
Fostering legal compliance in interstate gaming agreements.
Strengthening legal compliance for poker games across states.
Enforcing legal provisions in interstate gaming arrangements.
Authorization for gaming licensees to enter into agreements with one or two entities.
List of requirements:
- Gaming licensees must submit a written request for authorization.
- The request must include the details of the agreement and the entities involved.
- Agreements can only be entered into with one or two entities.
- Entities must meet the legal-compliance criteria set by the regulatory authority.
- Once authorized, gaming licensees must maintain copies of the agreements for compliance auditing purposes.
Licensees are allowed to have a maximum of two online gaming skins.
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Licensing fee: $45,000
Annual renewal fee: $10,000
Consideration of the legal-compliance bill by the state government committee as a whole
