Iowa not likely to Expand Gambling

12 January 2010

Iowa, like so many other states, is looking for ways to make up state budget shortfalls caused by the economic crisis. One idea being passed around by many is expanding gambling in the state. However, the state legislature is no so enamored by the idea. With 21 licensed casinos in the state already, state lawmakers say that further expansion of gambling is very unlikely.

Bar and restaurant owners want to be able to place gambling machines in their businesses, saying that the state has to help them recover from the economic crisis caused by the state imposed smoking ban.

But the state legislators are saying that reforming the states system of tax credits to generate extra revenues is a much more likely scenario.