According to experts from local press, Iowa’s attempt to regulate the current illegal daily fantasy sports (DFS) sector may fail.
US.- Iowa’s intention to legalise the daily fantasy sport industry (DFS) may not succeed this time, according to Legal Sports Report. Regulation experts consider that the gaming bill has not obtained a majority support among officials at the House of Representatives yet, although State lawmakers will maintain their target. Last year, a similar attempt was held and failed.
Currently, daily fantasy sports platforms are banned in Iowa, where it is estimated that the industry could be highly profitable. As a first bill didn’t achieve strong support last year, lawmakers drafted a second attempt to be debated during this session. However, Legal Sports Report suggested that the project would not be discussed in the following weeks.
The bill establishes that the Racing and Gaming Commission would license and supervise the operators and companies. Local residents would be able to participate at DFS tournaments through authorised platforms, which would contribute with 7.5 percent of revenue tax to boost the infrastructure fund.
House of Representatives may not decide whether to pass the bill yet, as the bill’s sponsor Rep. Matt Windschitl is facing severe opponents. “Windschitl said he supports the proposal, but enough opposition remains that he does not think it will pass the House this session. Windschitl said the primary concerns raised are with an expansion of gambling and a desire for any such expansion to be controlled by casinos,” stated The Gazette.