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Can I offer contests that involve charity donations in Iowa? What are the requirements?
Offering Contests that Involve Charity Donations in Iowa
Based on the documents provided, it is unclear whether offering contests that involve charity donations in Iowa is permissible. However, there are specific requirements for offering internet fantasy sports contests in Iowa that may provide some guidance [2.1].
To offer internet fantasy sports contests in Iowa, a license from the Iowa Racing and Gaming Commission is required [3.2]. The licensing standards include financial stability, business ability and experience, good character and reputation of the applicant, and integrity of financial backers. Additionally, the applicant must disclose the true owners of the enterprise proposed and provide a bond or irrevocable letter of credit on behalf of the applicant or other satisfactory evidence of a safe and reliable means of fulfilling the applicant’s obligations to customers and the state of Iowa.
Once licensed, fantasy sports contest service providers must comply with a number of requirements, including submitting a description of internal controls to the administrator, restricting entries from certain individuals, providing an easy and obvious method for players to make a complaint, and protecting players’ personal and private information [3.3].
In terms of taxes, a licensee must pay a tax rate pursuant to Iowa Code section 99E.6 on adjusted revenue from fantasy sports contests [3.1].
It is important to note that a person under the age of twenty-one years shall not enter an internet fantasy sports contest [2.2].
In summary, while the documents provided do not explicitly address offering contests that involve charity donations in Iowa, there are specific requirements for offering internet fantasy sports contests in the state that may provide some guidance. It may be necessary to consult with legal counsel or the Iowa Racing and Gaming Commission for further guidance.
Source(s):
- [2.1] Internet fantasy sports contests authorized.
- [3.1] Taxes.
- [3.2] Application for fantasy sports contest service provider license and licensing.
- [3.3] Fantasy sports contest service provider requirements.
- [2.2] Internet fantasy sports contests — age restrictions.
Jurisdiction
Iowa