Iowa Online Poker Bill Passes Senate Committee

Reports out of Iowa this morning are confirming that a bill that would legalize and regulate online poker in the state has passed through a Senate subcommittee.

On Wednesday night, the Senate State Government Committee met to discuss the issue of online poker, both on the internet and through smartphones. There was a good deal of support for the measure and, perhaps surprisingly, no one appeared before the committee to speak out against the bill. With seemingly no objections, the legislation passed by an 11-4 vote, with three Republican senators and one Democrat voting no.

There are some strict guidelines set in the Iowa legislation, however. Potential online poker operators would have to partner with a state-licensed casino to be allowed to have access to citizens of the Hawkeye State. Players would have to be 21 years of age or older and be located inside the state to be able to participate, while tourists could come to an Iowa casino, establish an account and play while they are in the state.

Perhaps the most interesting portion of the Iowa bill is its handling of cross border issues. The legislation authorizes both intrastate gaming as well as interstate poker. The latter is most likely in an attempt to set up a multi-state online poker network, which would allow for the maximization of revenues with a larger player pool.

The advocates for the bill spoke about how the legislation will benefit Iowans. “I don’t see this as an expansion of gambling,” Senator Rick Bertrand (R-Sioux City) stated after the vote. “I see this as an expansion of freedom.” Another committee member, Senator Bill Dix (R-Shell Rock), pointed out how the law will look out for players, stating, “We have a situation in Iowa where citizens are not being protected. This (bill) will do that.”

The legislation does clear up many questions that the General Assembly had with the online poker question. The bill allows the state to bar offshore gaming sites from doing business in the state of Iowa while reaping the economic benefits of having Iowans play in-state. Senators also were pleased with the potential revenue that the legalization and regulation of online poker in Iowa would take from state fees to online poker operations and state licensed casinos.

A study by the Iowa Racing and Gaming Commission estimated that an intrastate online poker operation would earn between $13 and $60 million in revenues per year (Iowans are believed to wager approximately $100 million on online gaming at this time). Under current taxation rates in Iowa, the state would earn between $3 million and $13 million with an intrastate online poker operation, plus untold amounts from licensing of said operations.

The bill now moves to the full Senate, where Senate Majority Leader Mike Gronstal (D-Council Bluffs) believes that there is a 50-50 chance that the bill will pass. Although passage in the Senate is possible, the House would also have to consider the bill if it gets through the Iowa Senate. Senator Gronstal believes that the House, with a Republican majority, will have a much more difficult time in passing any potential online poker legislation.

If both branches of the Iowa General Assembly can come together and pass online poker legislation for the state, Iowa would become only the second state to legalize and regulate the industry. Nevada is currently moving forward with applications for licenses for its intrastate online poker operation and is believed to be looking at opening their operations by the end of this year, while the District of Columbia recently repealed a measure that was passed in 2010 that would have enabled an online gaming operation inside the district.

Read more >>

Thu, February 23rd, 2012

Related Poker News:

Poker jargon:

  • SPLIT [OPENERS] - In draw poker, to discard one or more openers, usually to draw to a straight or flush. Normally requires the opener to declare the act and retain the discards so that the act of opening can later be validated.
  • FULL HOUSE - A hand consisting of 3-of-a-kind and a (different) pair.
  • MILES OF BAD ROAD - Three of a kind. Prefixed with a number, 3*<N>, to indicate 3 <N>s. Thus "24 miles of bad road" is 3 eights, etc. (This obviously doesn't work for face cards.)
  • TAPPED [OUT] - Out of money. Can refer to a player running out of money in the course of a hand, thus still active for the main pot; or can refer to a player who has lost his bankroll and can no longer play.
  • FOURTH STREET - In stud poker, the fourth card dealt to each player. Sometimes used to refer to the fourth community card dealt in Hold'em, although the more common term for this is TURN (q.v.).
  • MANIAC - A player who bets, raises and reraises without regard to the quality of his hand. Most often found in flop games.
February 2012
M T W T F S S
« Jan   Mar »
 12345
6789101112
13141516171819
20212223242526
272829  
Archives:
2014
Apr   Mar   Feb   Jan  
2013
Dec   Nov   Oct   Sep   Aug   Jul   Jun   May   Apr   Mar   Feb   Jan  
2012
Dec   Nov   Oct   Sep   Aug   Jul   Jun   May   Apr   Mar   Feb   Jan  
2011
Dec   Nov   Oct   Sep   Aug   Jul   Jun   May   Apr   Mar   Feb   Jan  
2010
Dec   Nov   Oct   Sep   Aug   Jul   Jun   May   Apr   Mar   Feb   Jan  
2009
Dec   Nov   Oct   Sep   Aug   Jul   Jun   May   Apr   Mar   Feb   Jan  
2008
Dec   Nov   Oct   Sep   Aug   Jul   Jun   May   Apr   Mar   Feb   Jan  
2007
Dec   Nov   Oct   Sep   Aug   Jul   Jun   May   Apr   Mar   Feb   Jan  
2006
Dec   Nov   Oct   Sep   Aug   Jul   Jun   May   Apr   Mar   Feb   Jan  
2005
Dec   Nov   Oct   Jan  
Subscribe:
Add our RSS 2.0 Feed to My Yahoo!
Add our RSS 2.0 Feed to Google!
Add our RSS 2.0 Feed to My MSN!
Add our RSS 2.0 Feed to Bloglines!

Search

to Top!
Copyright 2005 - 2014 © PokerNewsHub.com. The information at this site is for entertainment and news purposes only. Poker News Hub.com will not be held for any personal loss of wagers or damages you may incur. Please read the full disclaimer.
For any questions contact us.
Valid XHTML and CSS