A bill for an act concerning the regulation and support of leisure activities, including by providing for gambling games and sports wagering enforcement, license fees, tax rates, and the use of associated revenue, establishing the Iowa major events and tourism program and fund, modifying the sports tourism marketing and infrastructure program, making appropriations, and including effective date provisions.

SSB 1157 regulates gambling and sports wagering in Iowa, directly affecting licensees like racetracks, excursion gambling boats, and gambling structures. It establishes new tax rates (5% on first $1 million, 10% on next $2 million of gambling revenue, with higher rates for specific venues) and requires a $8 million annual transfer from sports wagering revenue to the public safety equipment fund starting July 2026. The bill also creates a gaming enforcement revolving fund to cover costs for investigating gambling operations and modifies license fee calculations based on operational expenses. Additionally, it establishes the Iowa Major Events and Tourism Program and fund to support tourism infrastructure using gambling tax revenue. The bill takes effect January 1, 2026.