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Bill > SF4556


MN SF4556

MN SF4556
Lawful sports betting establishment and appropriation


summary

Introduced
04/29/2022
In Committee
04/29/2022
Crossed Over
Passed
Dead
05/23/2022

Introduced Session

92nd Legislature 2021-2022

Bill Summary

A bill for an act relating to gambling; authorizing and providing for sports betting; establishing licenses; prohibiting local restrictions; providing for taxation of sports betting; providing civil and criminal penalties; requiring reports; appropriating money; amending Minnesota Statutes 2020, sections 260B.007, subdivision 16; 290.0131, by adding a subdivision; 290.0132, by adding a subdivision; 290.0133, by adding a subdivision; 290.0134, by adding a subdivision; 609.75, subdivisions 3, 4, 7, by adding a subdivision; 609.755; 609.76, subdivision 2; proposing coding for new law in Minnesota Statutes, chapters 299L; 609; proposing coding for new law as Minnesota Statutes, chapter 297J.

AI Summary

This bill authorizes and provides for sports betting in Minnesota. It establishes a regulatory framework, including licensing requirements for mobile sports betting operators, platform providers, and suppliers. The bill also imposes an 8% tax on sports betting net revenue from mobile/online wagers and a 6% tax on wagers placed at racetracks. The revenue from these taxes will be used to fund regulatory activities, problem gambling treatment and awareness, sports marketing and awareness, and the general fund. The bill also creates new crimes related to sports betting, such as unauthorized wagering and the sale of private data on individuals collected through sports betting.

Committee Categories

Government Affairs, Justice

Sponsors (1)

Last Action

Referred to State Government Finance and Policy and Elections (on 04/29/2022)

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