Iowa Code § 99B.8 (2026)
Tax on prizes
All prizes awarded pursuant to a gambling activity under this chapter are Iowa earned income and are subject to state and federal income tax laws. A person conducting a game of skill, game of chance, bingo, or a raffle shall deduct state income taxes, pursuant to section 422.16, subsection 2, from a cash prize awarded to an individual. An amount deducted from the prize for payment of a state tax shall be remitted to the department of revenue on behalf of the prize winner. 86 Acts, ch 1201, §12 C87, §99B.21 92 Acts, 2nd Ex, ch 1001, §232; 2003 Acts, ch 145, §286; 2015 Acts, ch 99, §35, 56 C2016, §99B.8 2023 Acts, ch 115, §13 Former §99B.8 repealed by 2015 Acts, ch 99, §47\n\nTue Dec 09 22:29:03 2025 Iowa Code 2026, Chapter 99B (86, 1) 7 SOCIAL AND CHARITABLE GAMBLING, §99B.12
\n