Iowa HF2089 mandates that gambling and sports wagering licensees distribute 75% of their receipts to Iowa counties based on resident contributions.
Iowa HF2089 modifies the distribution of gambling games and sports wagering receipts for nonprofit purposes. It requires licensees to distribute at least 75% of their receipts to Iowa counties based on the gross receipts generated by residents. If a licensee has unpaid debt from pari-mutuel racetrack operations, the first receipts from gambling games within the racetrack enclosure will first be used to pay the annual indebtedness.
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