Iowa HF2779 modifies advance deposit wagering regulations, allowing certain entities to conduct such wagering and designating revenue allocation.

Iowa HF2779 revises the authorization process for advance deposit wagering, requiring the state racing and gaming commission to authorize entities complying with specific code sections. The bill permits advance deposit wagering via electronic means, except within five miles of a racetrack unless an agreement is in place. It mandates that 50% of the revenue from such wagering be allocated to horse purses and the other 50% to the licensee of the pari-mutuel horse racetrack in Polk County.

Iowa HF2779 modifies advance deposit wagering regulations, allowing certain entities to conduct such wagering and designating revenue allocation.

Iowa HF2779 revises the authorization process for advance deposit wagering, requiring the state racing and gaming commission to authorize entities complying with specific code sections. The bill permits advance deposit wagering via electronic means, except within five miles of a racetrack unless an agreement is in place. It mandates that 50% of the revenue from such wagering be allocated to horse purses and the other 50% to the licensee of the pari-mutuel horse racetrack in Polk County.