Iowa explores online gambling legislation

[The Buzz]

An Iowa state senator will introduce a gaming bill this week that will allow land-based casinos to offer legalized online poker to residents.

The bill composed by state Sen. Jeff Danielson must pass a vote in legislative committee by Thursday.

From the GPWA:

Early estimates prepared by groups lobbying for the Iowa gambling Bill suggest that Internet poker, if legalized, could generate $35 million in revenues for the state each year. In New Jersey, though, the figures are even bigger. According to a study commissioned by the Interactive Media Entertainment and Gaming Association (iMEGA), an Internet gambling industry trade group, Internet gambling could generate $250 million in revenues for the state in its first year, and as much as $7.1 Billion over the long run. Taken together, the estimates from Iowa and New Jersey show that introducing even limited forms of Internet gaming could deliver nearly $300 million to two states that are cutting funding for public programs and in desperate need of new revenues.

[cassy]

"will this week introduce a large gambling Bill that includes provisions authorizing the state's licensed casinos to offer Internet poker to persons physically present there."

This is somehow far different to New Jersery's bill. Looking forward to it and we must be glad that their are still persons who are pursuing to legalize online gambling. Positive outlook indeed!

[JoeAdams]

Since they can not stop their people from gambling offshore, therefore they should really consider online legalization in their state. Another thing they have to look for is the significant profit that they can get from those online gambling companies.