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Iowa Legislatures are expected to approve a $25 million gaming expansion this year that could allow casinos to cash in on poker tournaments.
The states current policy restricts gambling to the casino floor; however the key component of the package is to allow casinos to expand non electronic gaming into ballrooms, convention centers and other areas of the casino.
House Majority Leader Kevin McCarthy says that the expansion allows casino operators to seek opportunities to compete for poker tournaments to generate additional revenue.
However, in order to take advantage of off floor wagering casinos have agreed to keep those areas smoke free.
Another component of the bill would allow track operators to accept payments for simulcast horse and dog races from out of state.
What would not be on the bill, however, would be a measure to allow bars to install slot machines, in order to not add extra competition to the state’s 17 casinos.
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