Iowa SF613 modifies gambling tax rates, establishes a major events and tourism fund, and repeals the sports tourism marketing program.

Iowa SF613 revises gambling regulations by increasing the tax rate on sports wagering net receipts from 6.75 percent to 9 percent. It establishes the Iowa major events and tourism program and fund to provide financial assistance for events with significant economic impact. The bill repeals the sports tourism marketing program and transfers remaining funds to the new major events and tourism fund. It also increases the annual license fee for excursion gambling boats and gambling structures from $5 to $10 per person capacity. The changes take effect January 1, 2026.

Iowa SF613 modifies gambling tax rates, establishes a major events and tourism fund, and repeals the sports tourism marketing program.

Iowa SF613 revises gambling regulations by increasing the tax rate on sports wagering net receipts from 6.75 percent to 9 percent. It establishes the Iowa major events and tourism program and fund to provide financial assistance for events with significant economic impact. The bill repeals the sports tourism marketing program and transfers remaining funds to the new major events and tourism fund. It also increases the annual license fee for excursion gambling boats and gambling structures from $5 to $10 per person capacity. The changes take effect January 1, 2026.