A bill for an act relating to the distribution of gambling games and sports wagering receipts for nonprofit purposes, and including applicability provisions.

Summary

The bill forces licensed gambling and sports‑betting operators to set aside at least 3% of gambling receipts and 0.75% of sports wagering net receipts for charitable, educational, civic, patriotic or religious groups. The money must be divided among Iowa counties in proportion to the contributions of residents from each county, with unused funds eventually going to county endowment accounts. It aims to ensure that communities that generate the gambling revenue also benefit from it.

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