The governor of Iowa signs the legalization measure for sports betting
Iowa Republican Governor Kim Reynolds (pictured) is said to have signed a bill on Monday to enable the state to conduct sports betting online and through its collection of 19 land-based casinos.
According to a Tuesday report from the Omaha World Herald newspaper, Iowa is the second state in the Midwest to Indiana to legalize sports betting, although the first bets are likely to be placed in July.
Entertainment for adults:
The 59-year Governor’s statutory measure allows anyone over the age of 21 in Hawkeye to count on the results of a variety of collegiate, professional and international events, including daily fantasy sports competitions. It also hands over regulatory oversight to the Iowa Racing and Gaming Commission, which now has the task of formulating appropriate rules and encouraging operators to hand over 6.75% of their sports book inventory in taxes.
For those sports betting fans living outside Iowa, legislation has also legalized betting on mobile devices and apps as long as the punter is physically inside the state.
The Omaha World-Herald reported that Reynolds’ decision to sign the law passed by the Iowa House of Representatives last month with a margin of 67 to 31, after having previously been won by the Iowa State Senate Activity can be carried out to be responsibly regulated and taxed.
The decision by Reynolds only one day before the one-year anniversary of the decision of the Supreme Court of the United States to invalidate the Law for the Protection of Professional and Amateur Sports (PASPA), which until then largely sports betting on land-based casinos in Nevada limited. Since that momentous decision, eight other states have introduced a form of sports betting, while Montana and Indiana have passed laws since the beginning of the year that Tennessee is likely to follow soon.