Casino News
| Iowa Casinos |
| Friday, 25 April 2008 07:50 | |||||||||||||||||||||||||||||||||||||||
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Iowa was the first state to legalize riverboat gambling. The boats began operating on April Fools Day in 1991 and passengers were originally limited to $5 per bet with a maximum loss of $200 per person, per cruise. Because of these restrictions several boats later moved to Mississippi which offered 24-hour, no-limit, dockside gambling. In early 1994 the Iowa legislature voted to eliminate the gambling restrictions. Additionally, gaming machines were legalized at three of the state’s four pari-mutuel facilities. In mid-2004 a provision was added to allow table games at those three tracks. That same year the state also legalized casinos on moored barges that float in man-made basins of water and no longer required the casinos to be on boats. Iowa also has three Indian casinos.
These figures reflect the total percentages returned by each riverboat casino or pari-mutuel facility for all of its electronic machines including: slots, video poker, video keno, etc. NOTE: If you happen to win a jackpot of $1,200 or more in Iowa, the casino will withhold 5% of your winnings for the Iowa Department of Revenue. If you want to try and get that money refunded, you will be required to file a state income tax return and, depending on the details of your return, you may get some of the money returned to you. The $1,200 threshold would also apply to any cash prizes won in casino drawings or tournaments. For more information on visiting Iowa call the state’s tourism department at (800) 345-4692 or visit their web site at www.traveliowa.com. Shown below is a list of all Iowa casinos. Click on a casino name to see a page of detailed information about that particular casino.
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