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| Iowa Casinos |
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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 September 1991 the first riverboats began operating in the bordering state of Illinois and these boats didn’t have Iowa’s restrictive bet or loss limits. The increased competition from these boats cut deeply into the profitability of the Iowa boats and 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.
Here's information, as supplied by the Iowa Racing and Gaming Commission, showing the electronic gaming machine payback percentages for all non-Indian locations for the one-year period from July 1, 2007 through June 30, 2008:
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. Iowa also has three Indian casinos and there is no public information available regarding payback percentages at Iowa indian casinos. Admission to all Iowa casinos is free and, unless otherwise noted, all casinos are open 24 hours. All Iowa casinos offer: blackjack, roulette, craps, slots and video poker. Some casinos also offer: mini-baccarat (MB), poker (P), pai gow poker (PGP), Caribbean stud poker (CSP), let it ride (LIR), big 6 (B6), bingo (BG), keno (K), three card poker (TCP), four card poker (FCP) and Spanish 21 (S21). The minimum gambling age is 21. 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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