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20 Dollars - Steamboat Casino River Cruises Iowa
| Issuer | Iowa Steamboat Casino River Cruises |
|---|---|
| Year | 1991-1992 |
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| Shape | Rectangular |
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| Obverse description | Twenty-dollar gaming voucher issued for the Iowa Steamboat Casino River Cruises, Winter–Spring 1991–1992 season, printed in purple on white paper stock with a banknote-style layout. Corner numerals '20' appear in circular cartouches, flanked by ship's wheel vignettes as underprint motifs. Central panel lists six riverboat casino locations across Iowa with season dates. |
|---|---|
| Obverse lettering | NON TRANSFERABLE / NON NEGOTIABLE IOWA STEAMBOAT CASINO RIVER CRUISES IOWA BETTENDORF, MUSCATINE, *SIOUX CITY Winter - Spring 1991 - 1992 FORT MADISON, KEOKUK, BURLINGTON TWENTY DOLLARS |
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| Comments |
Iowa legalized riverboat gambling in 1989, the first state to do so, but imposed strict loss limits — originally $5 per bet and $200 per excursion — that forced casinos to develop their own on-board token economies. These chips and scrip denominations were partly a workaround: by pre-loading patrons with house-issued currency before boarding, operators could manage the loss-limit accounting more cleanly. The $20 face value sits right at the edge of what made practical sense under those restrictions.
Iowa's loss limits were repealed in 1994, after which most of this scrip became obsolete almost immediately.