Iowa
Friendly Betting Pools OK
As reported by the Des Moines
Register: "Care to wager on whether Iowa
will win the Outback Bowl?
"How
about choosing the champ of the Houston Bowl,
featuring Iowa State and Texas Christian?
"Office
pools in which participants predict which teams
will win college bowl games are legal - provided
they are small, friendly and don't include a
cut for the organizer.
"…Iowa
law forbids gambling outside licensed casinos,
but there are many exceptions - including those
that allow social poker parties or office pools
for NCAA basketball tournaments, the Super Bowl
or college bowl games.
"…To
be legal in Iowa, pools must involve people
in a social relationship, have winnings of $50
or less a day, and not include any entrance
fees. Social gambling can't occur on school
property or involve wagers on athletic events
by people who are involved in the competition…"
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