A bill for an act relating to authorizations to conduct advance deposit wagering.

This bill modifies Iowa's rules for advance deposit wagering (betting where customers fund accounts first). It removes a requirement that the state racing commission must automatically authorize the Polk County horse racetrack licensee to offer this service. Instead, the commission can authorize licensed entities (under section 99D.9D) to conduct advance deposit wagering, but must have an agreement with the Polk County racetrack first. Revenue from this betting is split 50/50: half funds horse purses, half goes to the Polk County racetrack licensee. The bill directly affects the Polk County racetrack and licensed entities seeking to offer this betting method.