Iowa SF2101 mandates distribution of gambling and sports wagering receipts for nonprofit purposes, with specific allocation rules.

Iowa SF2101 amends the distribution of gambling games and sports wagering receipts for nonprofit purposes. It requires licensees to distribute at least 3 percent of adjusted gross receipts from gambling games and three-quarters of 1 percent of net receipts from sports wagering to organizations dedicated to civic, public, charitable, patriotic, or religious uses. These distributions must be made on a pro rata basis for use in Iowa counties based on contributions from residents.

Iowa SF2101 mandates distribution of gambling and sports wagering receipts for nonprofit purposes, with specific allocation rules.

Iowa SF2101 amends the distribution of gambling games and sports wagering receipts for nonprofit purposes. It requires licensees to distribute at least 3 percent of adjusted gross receipts from gambling games and three-quarters of 1 percent of net receipts from sports wagering to organizations dedicated to civic, public, charitable, patriotic, or religious uses. These distributions must be made on a pro rata basis for use in Iowa counties based on contributions from residents.