Friday, June 8, 2012

Law Change for Winning Gamblers Helps State Collect Unpaid Debt

DES MOINES, Iowa (AP) - A change in Iowa law has raised the state's debt collections from gamblers.

The Des Moines Register reports that since a law changed nearly two years ago, the state has recovered more than $5 million in winnings from indebted gamblers. That's a 15-fold increase.

The law that took effect in July 2010 lowered the winnings threshold at which casinos and racetracks are required to check the names of the big winners against a list of people who owe money for taxes, child support and other debts to the state.

Lakeside Casino general manager Bob Thursby says the casino has "collected a ton of money for the state."

The threshold had been $10,000. It was lowered to $1,200.

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