SSB 1080

4(22), concerning persons voluntarily excluded from wagering or gaming areas, are amended to include the sports betting wagering area.3, concerning authorized wagering under Code chapter 99F, is amended to authorize wagering on sports betting.4, concerning racing and gaming commission powers, is amended to authorize the operation of sports betting in a sports betting wagering area on an excursion gambling boat which is also licensed to serve alcoholic beverages, grants the racing and gaming commission the authority to adopt standards under which sports betting is conducted, and provides that all revenue received by the commission from license fees and regulatory fees for sports betting shall be deposited in the general fund of the state.7A provides specific requirements relative to the licensing, operation, and fees applicable to sports betting.7. _____ such individuals from sports betting under this Code chapter.8, concerning licensee bonding requirements, is amended to make such requirements applicable to sports betting.9, concerning wagering on gambling games, is amended to allow the commission to authorize gambling game licensees under Code chapter 99F to conduct advance deposit sports betting wagering. The bill would allow for an advance deposit wager to be placed in person at a licensed facility authorized to conduct gambling games or from any other location by telephone or other electronic means. The bill defines “advance deposit sports betting wagering” as a form of wagering where an eligible individual creates an account with a licensee, deposits money into that account, and can use the balance within the account for sports betting wagering. Prior to January 1, 2021, an account must be established in person with a licensee. The bill defines an “eligible individual” for purposes of advance deposit sports betting wagering as an individual 21 years of age or older who is located within this state. The bill provides that an unlicensed person taking sports betting wagers from Iowa residents is guilty of a class “D” felony, punishable by confinement for no more than five years and a fine of at least $750 but not more than $7,500. The Code section is also amended to provide that a person under the age of 21 shall not make or attempt to make a wager by advance deposit sports betting wagering.11, concerning the wagering tax, is amended. The bill provides that the wagering tax on sports betting net receipts received each fiscal year by a licensed operator from sports betting at the rate of six and three-quarters percent.57, subsection 5. _____ activities and penalties, is amended to provide that current prohibitions on cheating at a gambling game, claiming anything of value from a gambling game with intent to defraud, and knowingly enticing a person to go where a gambling game is conducted in violation of Code chapter 99F also applies to sports betting. The bill takes effect upon enactment. However, the bill provides that the racing and gaming commission shall not implement the bill until the commission has adopted rules pursuant to Code chapter 17A providing for such implementation and such rules have become effective.