Iowa lawmakers have introduced a bill aimed at creating a new regulatory framework for standalone commercial poker venues.
Key Takeaways:
- Iowa proposes legalizing licensed poker-only cardrooms, separating them from casino wagering.
- The legislation aims to regulate poker separately from casinos
- Success could influence similar initiatives in other states
Iowa lawmakers introduced Senate File 2134 to permit licensed commercial poker cardrooms that operate solely as poker venues and may charge a rake, with the state gaming commission to set any cap.
The Iowa Racing and Gaming Commission would oversee licensing, set maximum rake limits (the operator’s share of the pot) and enforce anti-money laundering and consumer protection measures.
The measure would keep cardrooms free of sports betting and other wagering types, moving raked games out of the exclusive domain of casinos and into standalone venues.
Poker Cardrooms Face a Mixed Regulatory History
The proposal comes at a time when live poker economics are under scrutiny. Caesars Entertainment closed the Planet Hollywood poker room in Las Vegas after just eight months…