Ruling revives gambling war at Statehouse - 2004-02-04
The state Supreme Court practically guaranteed a high-stakes war this year regarding the future of gambling in Iowa when it decided Tuesday that higher taxes on racetrack casinos were uncon- stitutional.
The state could lose close to $251 million thanks to the 5-2 ruling, according to calculations by the Legislative Services Agency. This would feature $112.6 million in tax refunds owed to Prairie Meadows Racetrack and Casino in Altoona, Dubuque Greyhound Park and Casino, and Bluffs Run Casino and Greyhound Park in Council Bluffs.
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