Sports Betting Legalized In Iowa

Sports Betting Legalized In Iowa


” ” WE ARE SIOUXLAND PROUD. THIS IS KCAU9 NEWS AT 10. TIM: GOOD EVENING AND THANK YOU FOR JOINING US TONIGHT IM TIM SEAMAN. BRIDGET: AND IM BRIDGET BENNETT..PLACING A BET ON YOUR FAVORITE SPORTS TEAM IS NOW LEGAL NOW THAT GOVERNOR KIM REYNOLDS HAS SIGNED IT IN TO LAW. TIM: KCAU 9’S TASIA NEVILLES EXPLAINS THIS NEW SPORTS BETTING LAW AND WHAT LOCAL CASINOS ARE DOING TO PREPARE. IN TONIGHT’S TOP STORY. TASIA? TASIA: TI MONDAY, GOVERNOR KIM REYNOLDS SIGNED OFF ON THE S1 BILL…MAKING IOWA ONE OF THE LATESTS STATES TO ALLOW GAMBLING ON COLLEGE AND PROFESSIONAL SPORTS. THIS NEW LAW WILL NOT ONLY CREATE REVENUE IN TAXES FOR IOWA BUT IT WILL ALSO HELP LOCAL ORGANIZATIONS BRING MORE ACCOMADATIONS TO THE WOODBURY COMMUNITY. ” ” [VO] AFTER MONTHS OF ANTICIPATION, GOVERNOR KIM REYNOLDS SIGNED A BILL LEGALIZING SPORTS BETTING AT IOWA CASINOS…LIKE SOUX CITY’S HARD ROCK. [SOT] MIKE ADAMS HARD ROCK CASINI “IT’S AN EXCITING AMENTITY FOR THE PROPERTY. IT’S JUST SOMETHING ELSE THAT’S GOING TO BE GREAT TO BRING TO THE CITY.WE ANTICIPATE A LOT OF NEW TRAFFIC. IT’S GOING TO COINCIDE RIGHT AROUND THE OPENINING OF OUR PARKING GARAGE SO IT’S JUST GOING TO BE AN ADDITIONAL FEATURE.” [VO] THE NEW LAW ALLOWS IOWANS 21 YEARS AND OLDER TO BET ON SPORTING EVENTS IN ANY OF THE 19 CASINOS IN IOW THEY CAN EVEN CAST THEIR BETS ONLINE AFER THEY’VE PROVED THEY’RE 21. ADAMS SAYS THE HARD ROCK IS ALREADY PREPARING FOR THE NEW INFLUX OF VISITORS. [SOT] MIKE ADAMS HARD ROCK CASINI “WELL, WE’RE EXCITED TO HAVE ANOTHER AMENTITY TO ADD TO OUR PROPERTY AND RIGHT NOW WE’RE WORKING WITH A THIRD PARTY VENDOR THAT WE’VE IDENTITFIED AND LOOKING AT DIFFRENT AND LOOKING AT DIFFERENT SPACES AROUND THE AREA TO ADD SPORTS BETTING TO THE PROPERTY.” [SOT] DAVID MASTBERGEN “I THINK IT COULD LEAD TO A BOOST IN THE ECONOMY BUT LIKE EVERYTHING, NEEDS TO BE IN MODERATION. I KNOW IT COULD BE A PROBLEM FOR SOME PEOPLE BUT JUST LIKE REGULAR GAMBLING I THINK IT COULD A BE A FUN ACTIVITY.” [VO] THE NEW LAW CARRIES A 6 AND THREQUARTERS PERCENT STATE TAX ON ALL SPORTS REVENUE. THATS AFTER BETS ARE PAID. FOR MISSOURI RIVER HISTORICAL DEVELOPMENT… WHICH OWNS THE GAMING LICENSE IN WOODBURY COUNTY, SPORTS BETTING PROVIDES A NEW REVENUE STREAM. [SOT] DAKIN SCHULTZ “IT’S A DIFFERENT POD OF MONEY, SO THERE’S A DIFFERENT TAX STRUCTURE TO IT. SO BEFORE WE WERE GETTING 4.25 PERCENT OF ALL REVENUE… OF THE SPORTS GAMBLING WERE GOING TO GET.75.” MRHD (MURD) PRESIDENT SAYS THE ADDITIONAL REVENUE WILL HELP THE ORGANIZATION CONTINUE TO FUND PROJECTS ACROSS WOODBURY COUNTY.. [VO] TASIA: SCHULTZ SAYS SINCE HARD ROCK OPENED IT’S DOORS ABOUT 5 YEARS AGO… MRHD (MURD) HAS AWARDED CLOSE TO $15 MILLION DOLLARS TO LOCAL NO PROFIT GROUPS. SOMETHING HE SAYS THE GROUP LOOKS FORWARD TO CONTINUING.. TASIA NEVILLES, KCAU 9 MEWS TIM: IOWA IS ONE OF ELEVEN STATES TO LEGALIZE SPORTS

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