|
Post by Logan on Mar 23, 2016 0:28:18 GMT -6
Iowa lawmakers advanced legislation Tuesday that would legalize fantasy sports betting in the state of Iowa. An estimated 300,000 Iowans play fantasy sports, according to the Fantasy Sports Trade Association. But Iowa is one of only a handful of states where cash payouts are either illegal or subject to ambiguous laws. Senate File 166 would legalize the process, which lets participants draft teams of real-world athletes to compete against other users by earning points based on actual games. The legislation would bring the process under the purview of the Iowa Racing and Gaming Commission and would impose a 7.5 percent tax on revenue generated by the gaming companies after paying out prizes. Read more: www.desmoinesregister.com/story/news/politics/2016/03/22/iowa-fantasy-sports-legislation-advances/82137378/
|
|