1. Upon application, the commission shall license the licensee of a pari-mutuel dog or horse racetrack to operate gambling games at a pari-mutuel racetrack enclosure subject to the provisions of this chapter and rules adopted pursuant to this chapter relating to gambling except as otherwise provided in this section.
2. A license to operate gambling games shall be issued only to a licensee holding a valid license to conduct pari- mutuel dog or horse racing pursuant to chapter 99D on January 1, 1994.
3. A person holding a valid license pursuant to chapter 99D to conduct pari-mutuel wagering at a dog or horse racetrack is exempt from further investigation and examination for licensing to operate a gambling game pursuant to this chapter. However, the commission may order future investigations or examinations as the commission finds appropriate.
4. The fee imposed in section 99D.14, subsection 2, shall be collected for admission to a racetrack enclosure where gambling games are licensed to operate in lieu of the admission fee imposed in section 99F.10.
5. In lieu of the annual license fee specified in section 99F.5, the annual license fee for operating gambling games at a pari-mutuel racetrack shall be one thousand dollars.
6. The adjusted gross receipts received from gambling games shall be taxed at the same rates and the proceeds distributed in the same manner as provided in section 99F.11.
7. A licensee shall keep its books and records regarding the operation of gambling games in compliance with section 99F.12, as applicable.
94 Acts, ch 1021, §13
Referred to in § 99F.4, 99F.6
Iowa General Assembly
Search: Iowa Code 1995
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