DES MOINES, IOWA (April 22, 2019) — Tobacco companies involved in the 1998 landmark settlement have transferred about $49.5 million to the state treasury for this year's payment.
In the last 21 years, Iowa has received more than $1.25 billion in payments under the settlement. The state will continue to receive annual Master Settlement Agreement payments in perpetuity, based on the number of cigarettes sold in the United States. The MSA is the largest settlement in US history.