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Iowa Gambling Bill SSB1165 gains Senate sub-committee approval
Iowa’s latest attempt to legalise intrastate online poker has taken a small but significant initial step in the Legislature, passing a Senate sub-committee Tuesday.
The proposal authorises the creation of an intrastate Internet poker network, providing a regulatory structure for its implementation, operation and taxation.
Senate Study Bill 1165 places control of an online poker hub operator in the hands the state Racing and Gaming Commission, which would contract with existing state-licensed casinos to operate affiliated online sites within a “closed loop” in Iowa for registered players at least 21 years of age.
“It’s a modest first step,” said Sen. Jeff Danielson, chairman of the Senate State Government Committee, who expects his committee to pass the measure to the full Senate ahead of the deadline for bills to clear one legislative panel to stay eligible this session.
Danielson told the Sioux City Journal that the bill is designed to address a “generational disconnect” that forces younger, computer-savvy Iowans caught up in the popularity of poker to seek out illegally operated online Web sites run by off-shore operations that may cheat them.
“I see this as a consumer protection law,” he said. “I think technology has gotten ahead of our policy on gaming laws. We think it is time to modernize Iowa’s laws relative to this aspect of gaming. We want it to be a narrowly focused bill.”
Ned Chiodo, a registered lobbyist, told the newspaper that some 150,000 Iowans play Internet poker through offshore operators. He estimated that between $30 and $35 million in tax revenues for the state could be generated through legalisation.
“This activity is not going to go away,” he said. “It’s growing by leaps and bounds.”
Jack Ketterer, administrator of the state Racing and Gaming Commission, said there currently is "no blueprint" for reg;lating internet gambling but he expected the online activity envisioned in the bill could be accomplished.
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Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
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The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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