• Iowa Looking at Multi-State Online Poker

    18 January 2012

    Newspaper

    Another possible scenario that may be coming from the U.S. Department of Justice reversal of opinion involving online gambling is multistate poker and Sen. Jeff Danielson, D-Cedar Falls believes Iowa can take full advantage.

    Those in the Iowa legislature that want to have legalized online poker in Iowa are currently working on a new plan that may open the door to multi-state poker and possibly lead to agreements with Washington D.C., Nevada and some foreign countries to combine their poker efforts similar to the multi-state lottery system in place.

    Sen. Danielson compares his proposal to the agreement Iowa has concerning Powerball and said, “We believe that because of the Department of Justice ruling, we can now have a multistate compact.” Though no timetable has officially been prepared, Danielson said he plans to draft a bill to legalize online poker soon and thinks it could be considered this session.

    The Iowa Racing and Gaming Commission released their report last month that said it estimates that the rake from online poker games could be between $13 million to $60 million annually.  This would translate to an estimate $3 million to $13 million in potential annual tax revenue assuming same tax rate as current Iowa land based casinos.

    Sen. William Dotzler, D-Waterloo would serve as the floor manager of the proposed bill and stated,

    “I think the evidence is pretty clear that Iowans are already gambling online. We are losing a lot of revenue here in the state of Iowa”

    Related News

    • 19 April 2013

      Hard Rock Puts Down Roots in Iowa.

      Sioux City, Iowa will soon be home to the newest Hard Rock Hotel and Casino, and some residents can’t wait to get their hands on the iconic t-shirts. In a 3-2 vote on Thursday, the Iowa Racing and Gaming Commission awarded a state gaming license to the developer of a Hard Rock-branded casino and hotel, an $118.5 million project, set in Sioux City’s historic downtown. The Battery Building, the chosen site the land-based casino, was originally built in 1906.

      Read full article
    • 26 February 2012

      Iowa Online Poker Bill Clears Committee Vote

      “I don’t see this as an expansion of gambling, I see this as an expansion of freedom.” That was the statement issued by Senator Rick Bertrand R-Sioux City after legislation in Iowa to bring online poker under state regulation passed with ease in a Senate committee.The final vote was 11-4 to allow for the state Racing and Gaming Commission to being together and regulate competing hub operators and partner them with state licensed casinos to provide Iowan’s access to online poker.

      Read full article
    • 24 January 2012

      Zynga Poker Looking into Real Money Gambling

      Zynga games, yes, the company responsible for all those popular Facebook games, wants to turn Zynga Poker into a real money gambling game. Zynga Poker is one of their most popular games and a spokesman told AllThingsDigital: “We build games and experiences that our players want and love. Zynga Poker is the world’s largest online poker game with more than 7 million people playing every day and over 30 million each month.”

      Read full article