Iowa daily fantasy sports bill sails through House subcommittee

A bill seeking to regulate daily fantasy sports (DFS) in Iowa has cleared the first hurdle set by a five-member House subcommittee.

Radio Iowa reported that the bill passed the scrutiny of the Iowa House subcommittee on Wednesday, amid an intense lobbying from the conservative United Methodist Church.

The latest bill was similar to the other DFS measures that were filed and died in the state legislature.

In a nutshell, the new bill will allow Iowa’s casinos to take wagers on fantasy sports teams, but DFS operators like FanDuel and DraftKings will have to secure a state license to operate, pay the taxes, and allow state regulators to do their oversight job.