House
Study
Bill
757
-
Introduced
HOUSE
FILE
_____
BY
(PROPOSED
COMMITTEE
ON
WAYS
AND
MEANS
BILL
BY
CHAIRPERSON
NORDMAN)
A
BILL
FOR
An
Act
relating
to
authorizations
to
conduct
advance
deposit
1
wagering.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
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H.F.
_____
Section
1.
Section
99D.11,
subsection
6,
paragraph
c,
1
subparagraphs
(1)
and
(2),
Code
2026,
are
amended
to
read
as
2
follows:
3
(1)
The
commission
shall
authorize
the
licensee
of
the
horse
4
racetrack
located
in
Polk
county
an
entity
licensed
pursuant
to
5
section
99D.9D
to
conduct
advance
deposit
wagering.
An
advance
6
deposit
wager
may
be
placed
in
person
at
a
licensed
racetrack
7
enclosure,
or
from
any
other
location
via
a
telephone-type
8
device
or
any
other
electronic
means.
The
commission
may
also
9
issue
an
advance
deposit
wagering
operator
license
to
an
entity
10
who
complies
with
subparagraph
(3)
and
section
99D.8A
.
11
(2)
For
the
purposes
of
this
section
,
“advance
deposit
12
wagering”
means
a
method
of
pari-mutuel
wagering
in
which
an
13
individual
may
establish
an
account,
deposit
money
into
the
14
account,
and
use
the
account
balance
to
pay
for
pari-mutuel
15
wagering.
Of
the
net
revenue,
less
all
taxes
paid
and
expenses
16
directly
related
to
account
deposit
wagering
incurred
by
the
17
licensee
of
the
horse
racetrack
located
in
Polk
county
an
18
entity
licensed
pursuant
to
section
99D.9D
,
received
through
19
advance
deposit
wagering,
fifty
percent
shall
be
designated
for
20
the
horse
purses
created
pursuant
to
section
99D.7,
subsection
21
5
,
and
fifty
percent
shall
be
designated
for
the
licensee
for
22
the
pari-mutuel
horse
racetrack
located
in
Polk
county.
23
EXPLANATION
24
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
25
the
explanation’s
substance
by
the
members
of
the
general
assembly.
26
This
bill
relates
to
authorizations
to
conduct
advance
27
deposit
wagering.
The
bill
requires
the
state
racing
and
28
gaming
commission
(commission)
to
authorize
an
entity
that
29
is
licensed
pursuant
to
Code
section
99D.9D
(alternative
30
simulcasting
licensure
——
horse
and
dog
races)
to
conduct
31
advance
deposit
wagering.
The
bill
strikes
a
requirement
that
32
the
commission
authorize
the
licensee
of
the
horse
racetrack
33
located
in
Polk
county.
However,
under
current
law
and
the
34
bill,
50
percent
of
associated
revenue
is
designated
for
the
35
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_____
licensee
of
the
horse
racetrack
located
in
Polk
county,
and
1
an
agreement
with
the
licensee
of
the
horse
racetrack
located
2
in
Polk
county
is
required
before
granting
an
advance
deposit
3
wagering
operator
license.
4
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