Bill > SF574

This bill: - Creates the Minnesota Sports Wagering Commission to regulate sports wagering in the state, including setting rules for the conduct of sports pools, licensing sports pool operators, and issuing mobile and electronic sports pool licenses. - Legalizes and authorizes sports wagering on professional and Division I collegiate sporting events, to be conducted at tribal casinos, licensed racetracks, and through mobile/electronic platforms. - Prohibits certain individuals from participating in sports wagering, including minors, sports pool operators, and employees of the sports wagering industry. - Imposes a 6.75% tax on sports wagering net revenue in lieu of the corporate income tax, with revenue deposited in the state's general fund. - Requires sports pool operators to maintain records and submit monthly reports on their sports wagering activities to the Department of Revenue. The bill aims to establish a legal and regulated sports wagering market in Minnesota, while providing safeguards and oversight to ensure the integrity and fairness of the activity.