Bill Text: IA SF438 | 2015-2016 | 86th General Assembly | Enrolled

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Bill Title: A bill for an act requiring the racing and gaming commission to conduct a study on exchange wagering. (Formerly SSB 1256.) Effective 7-1-15.

Spectrum: Committee Bill

Status: (Passed) 2015-04-24 - Signed by Governor. S.J. 932. [SF438 Detail]

Download: Iowa-2015-SF438-Enrolled.html

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Senate File 438 - Enrolled




                              SENATE FILE       
                              BY  COMMITTEE ON STATE
                                  GOVERNMENT

                              (SUCCESSOR TO SSB
                                  1256)
 \5
                                   A BILL FOR
 \1
                                        Senate File 438

                             AN ACT
 REQUIRING THE RACING AND GAMING COMMISSION TO CONDUCT A STUDY
    ON EXCHANGE WAGERING.

 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
    Section 1.  RACING AND GAMING COMMISSION == EXCHANGE
 WAGERING STUDY.
    1.  The state racing and gaming commission shall conduct
 a study concerning the possible authorization of exchange
 wagering, a form of wagering in which two or more persons
 place identically opposing wagers in a given market, as
 a form of pari=mutuel wagering in Iowa.  The study shall
 consider the current state of pari=mutuel wagering in Iowa, the
 potential revenue impact of authorizing exchange wagering, the
 possible regulatory framework necessary if exchange wagering
 is authorized for licensees regulated under chapters 99D and
 99F, including any necessary consumer protections, the manner
 of collecting wagering taxes for exchange wagering, and the
 general impact of authorizing exchange wagering as a form of
 pari=mutuel wagering.
    2.  In conducting the study, the commission shall consult
 with the Iowa horsemen's benevolent and protective association,
 and may consult with the horse racetrack located in Polk county
 and any other parties the commission deems necessary.
    3.  The commission shall submit a written report on its
 findings to the general assembly by December 1, 2015.  The
 commission is not required to make specific recommendations
  regarding the legalization of exchange wagering in Iowa.  The
 cost of the study shall be treated as an additional cost to the
 racing and gaming commission.


                                                             
                               PAM JOCHUM
                               President of the Senate


                                                             
                               KRAIG PAULSEN
                               Speaker of the House
    I hereby certify that this bill originated in the Senate and
 is known as Senate File 438, Eighty=sixth General Assembly.


                                                             
                               MICHAEL E. MARSHALL
                               Secretary of the Senate
 Approved                , 2015


                                                             
                               TERRY E. BRANSTAD
                               Governor

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