Amends provisions related to pari-mutuel wagering on dog races, including licensing, tax rates, and distribution of funds.

The bill modifies the licensing requirements for pari-mutuel wagering on dog races, including the conditions for obtaining and maintaining a license. It specifies the tax rates on the gross sum wagered by the pari-mutuel method on horse and dog races. The bill also outlines the distribution of tax revenue from simulcast horse and dog races, including funds for promotion and research. Additionally, it details the distribution of breakage from races to supplement purses for Iowa-bred horses and dogs. The bill takes effect July 1, 2027.

Amends provisions related to pari-mutuel wagering on dog races, including licensing, tax rates, and distribution of funds.

The bill modifies the licensing requirements for pari-mutuel wagering on dog races, including the conditions for obtaining and maintaining a license. It specifies the tax rates on the gross sum wagered by the pari-mutuel method on horse and dog races. The bill also outlines the distribution of tax revenue from simulcast horse and dog races, including funds for promotion and research. Additionally, it details the distribution of breakage from races to supplement purses for Iowa-bred horses and dogs. The bill takes effect July 1, 2027.