Iowa SSB1157 regulates gambling games and sports wagering, modifies license fees, establishes the Iowa major events and tourism program, and repeals.

Iowa SSB1157 revises gambling game and sports wagering regulations, including increasing the annual license fee for gambling structures to $10 per person capacity. It imposes a 22% tax on adjusted gross receipts from gambling games, with adjustments based on the type of gambling establishment. The bill establishes the Iowa major events and tourism program and fund to provide financial assistance for events with significant economic impact. It repeals the sports tourism marketing program and fund, transferring remaining funds to the new Iowa major events and tourism fund.

Iowa SSB1157 regulates gambling games and sports wagering, modifies license fees, establishes the Iowa major events and tourism program, and repeals.

Iowa SSB1157 revises gambling game and sports wagering regulations, including increasing the annual license fee for gambling structures to $10 per person capacity. It imposes a 22% tax on adjusted gross receipts from gambling games, with adjustments based on the type of gambling establishment. The bill establishes the Iowa major events and tourism program and fund to provide financial assistance for events with significant economic impact. It repeals the sports tourism marketing program and fund, transferring remaining funds to the new Iowa major events and tourism fund.