Iowa Governor Kim Reynolds signed Senate File 2289 on May 15, expanding authority for the Iowa Racing and Gaming Commission to pursue unauthorized betting and sweepstakes businesses operating in the state. The law enables regulators to take enforcement actions against companies or individuals offering gambling products without proper licensing, covering sports wagering, fantasy sports contests, pari-mutuel wagering, advance deposit wagering, and sweepstakes-style gambling platforms. The commission may issue cease and desist orders and seek injunctive relief against people offering games of chance, gambling, sports wagering, or illegal sweepstakes without an appropriate commission license or specific legal authorization. The legislation also updates financial reporting rules tied to gambling payouts and raises reimbursement limits for commission members, while reshaping how Iowa handles tax withholding on gambling winnings.
"Reynolds signed Senate File 2289 on May 15, giving the Iowa Racing and Gaming Commission expanded authority to pursue unauthorized betting and sweepstakes businesses operating in the state. It also updates financial reporting rules tied to gambling payouts and raises reimbursement limits for commission members."
"The legislation allows state regulators to issue enforcement actions against companies or individuals offering gambling products in Iowa without proper licensing approval. This applies to sports wagering, fantasy sports contests, pari-mutuel wagering, advance deposit wagering, and sweepstakes-style gambling platforms."
"One section of the legislation states the commission may take action "including but not limited to issuing cease and desist orders and obtaining injunctive relief against a person offering games of chance, gambling, sports wagering, or illegal sweepstakes in this state without holding an appropriate license issued by the commission or otherwise being specifically authorized by law.""
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