Iowa HSB640 amends licensing for pari-mutuel wagering on simulcast dog races, requiring agreements with the Iowa horsemen’s benevolent and protective.

Iowa HSB640 modifies the licensing process for pari-mutuel wagering on simultaneously telecast dog races. The bill requires entities to enter into an agreement with the Iowa horsemen’s benevolent and protective association for source market fees to obtain a license. It establishes annual license and regulatory fees for entities granted such licenses. The bill also mandates annual audits of simulcast operations and imposes a 2% tax on gross wagers exceeding $25 million, with revenue directed to the Iowa horse racing fund and the racing commission. The changes take effect on July 1, 2027.

Iowa HSB640 amends licensing for pari-mutuel wagering on simulcast dog races, requiring agreements with the Iowa horsemen’s benevolent and protective.

Iowa HSB640 modifies the licensing process for pari-mutuel wagering on simultaneously telecast dog races. The bill requires entities to enter into an agreement with the Iowa horsemen’s benevolent and protective association for source market fees to obtain a license. It establishes annual license and regulatory fees for entities granted such licenses. The bill also mandates annual audits of simulcast operations and imposes a 2% tax on gross wagers exceeding $25 million, with revenue directed to the Iowa horse racing fund and the racing commission. The changes take effect on July 1, 2027.