Iowa Gaming Companies Prepare for End of Casino License Moratorium

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With a two-year moratorium set to expire June 30, some Iowa companies already have plans to apply for new casino licenses in the Hawkeye State.

With a two-year restriction ending June 30, the Iowa Racing and Gaming Commission is preparing for a wave of new casino license applications in the Hawkeye State.The Iowa Racing and Gaming Commission hasn't issued any new casino licenses for two years. However, with the moratorium set to expire June 30, some companies have already announced plans to apply.

The casino is expected to produce hundreds of jobs for the community, boost tourism, and contribute millions of dollars to the local economy. If thegrants a license, the city plans to contribute 8% of annual gaming revenue to nonprofit organizations, as opposed to the 3% required by the state.

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