HSB 604

This bill authorizes advance deposit gambling games.4(22), concerning persons voluntarily excluded from wagering or gaming areas, are amended to include internet fantasy sports contests, advance deposit wagering, advance deposit sports wagering, and the sports wagering area.4, concerning racing and gaming commission powers, is amended to grant the racing and gaming commission the authority to adopt standards under which advance deposit gambling games are conducted.20.7B provides specific requirements relative to the licensing, operation, and fees applicable to advance deposit gambling games. The bill provides that the commission shall, upon payment of an initial license fee of $45,000, issue a license to conduct advance deposit gambling games to a licensee authorized to conduct gambling games at a pari-mutuel racetrack enclosure or a licensee authorized to operate an excursion gambling boat or gambling structure. The bill provides for an annual renewal fee of $10,000. The new Code section also provides that a licensee shall include on the internet site or mobile application used by the licensee to conduct advance deposit gambling games the statewide telephone number authorized by the Iowa department of public health to provide problem gambling information and extensive responsible gaming features. _____ enter into operating agreements with up to two entities to conduct advance deposit gambling games. The bill allows the commission to enter into agreements with other similar entities with authority over foreign jurisdictions to facilitate, administer, and regulate multijurisdictional advance deposit gambling games conducted within the United States to the extent that entering into the agreement is consistent with state and federal laws.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 gambling games. The bill defines “advance deposit gambling games” as a form of wagering on gambling games where an eligible individual creates an account with a licensee, deposits money into that account, and can use the balance within the account for wagering on gambling games. The bill would allow an eligible individual, defined as an individual years of age or older who is located within this state, to place an advance deposit gambling games wager from any location within this state by telephone, a computer, through the internet, or by other electronic means.7B to enter into an agreement with an advance deposit gambling games operator licensed by the commission to provide advance deposit gambling games for the licensee and allows the commission to require the advance deposit gambling games operator to conduct an audit. The bill also provides that the commission shall permit an eligible individual to use the same account to conduct advance deposit sports wagering and advance deposit gambling games with an operator licensed to conduct both advance deposit sports wagering and advance deposit gambling games for a licensee.