Iowa DFS Proposal Approved By The Subcommittee
Iowa has made an important step forward in the efforts to regulate daily fantasy sports (DFS) after the latest proposal managed to receive the approval of the state’s House subcommittee.
According to available information, the bill passed a five-member subcommittee on Wednesday, marking a huge success for the proponents of the new piece of legislation, especially bearing in mind the intense lobbying by the United Methodist Church.
Could Proponents Succeed This Time?
Under the provisions of the new bill – which doesn’t differ much from the previous proposals that failed to become a law – Iowa’s casino would be authorized to accept bets on fantasy sports team. DFS operators, such as FanDuel and DraftKings, will be required to obtain a license, pay taxes, and allow the state’s regulators to supervise their activity.
Before the final decision was made, both sides – the representatives of DFS operators and the conservative United Methodist Church – addressed the subcommittee and explained why and why not the state needed to legalize DFS.
John Cacciatore, a representative of both DraftKings and FanDuel said there were hundreds of thousands of Iowans who enjoyed season-long fantasy sports with their friends and neighbors but weren’t able to play DFS due to the fact it was still outlawed in Iowa.
Reverend Brian Carter addressed directly to the legislators, appealing to their conscience in an attempt to persuade them not vote in favor of the bill.
Lawmakers have tried to legalize DFS in Iowa on several occasions since 2015 but failed each and every time.
In The Meantime…
Massachusetts is seriously thinking of introducing a 15% tax on all DFS operators doing business on its territory.
According to recent reports, State Senator Eileen Donoghue proposed a set of changes to the current DFS measures. DFS operators will be required to register with the state’s Gaming Commision and pay a fee of up to $100,000 if the Commission greenlights their operations.
The proposed tax rate was modeled after the current rates in New York and Pennsylvania.