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Bill > HF2000
MN HF2000
MN HF2000Lawful gambling; sports betting and fantasy contests provided for and authorized, local restrictions prohibited, sports betting and fantasy contest taxation provided, civil and criminal penalties provided, amateur sports grants provided, charitable gambling provided for and lawful gambling tax rates modified, pari-mutuel horse racing provided, reports required, and money appropriated.
summary
Introduced
02/20/2023
02/20/2023
In Committee
05/02/2024
05/02/2024
Crossed Over
Passed
Dead
05/20/2024
05/20/2024
Introduced Session
93rd Legislature 2023-2024
Bill Summary
A bill for an act relating to gambling; authorizing and providing for sports betting and fantasy contests; establishing licenses; prohibiting local restrictions; providing for taxation of sports betting and fantasy contests; providing civil and criminal penalties; providing for amateur sports grants; providing for charitable gambling and modifying certain rates of tax on lawful gambling; providing for pari-mutuel horse racing; requiring reports; appropriating money; amending Minnesota Statutes 2022, sections 240.01, subdivisions 1c, 8, 14, by adding a subdivision; 240.30, subdivision 8; 245.98, subdivision 2; 260B.007, subdivision 16; 270B.07, by adding a subdivision; 609.75, subdivisions 3, 4, 7, by adding subdivisions; 609.755; 609.76, subdivision 2; Minnesota Statutes 2023 Supplement, sections 297E.02, subdivision 6; 349.12, subdivision 25; proposing coding for new law in Minnesota Statutes, chapters 240; 240A; 299L; 609; proposing coding for new law as Minnesota Statutes, chapters 297J; 297K; 349C.
AI Summary
This bill authorizes and provides for sports betting and fantasy contests in Minnesota. Key provisions include:
- Establishing licenses for mobile sports betting operators, mobile sports betting platform providers, and sports betting suppliers, and prohibiting local restrictions on sports betting.
- Providing for the taxation of sports betting net revenue at 20% and fantasy contest adjusted gross receipts at 10%, with the revenue used for compulsive gambling treatment, amateur sports grants, and other purposes.
- Establishing an exclusion list and prohibiting certain individuals from placing wagers, and requiring operators to take steps to prevent unauthorized or problem gambling.
- Providing for the regulation of fantasy contests, including licensing requirements for fantasy contest operators.
- Modifying certain rates of tax on lawful gambling, and providing for pari-mutuel horse racing.
- Appropriating funds to various state agencies to implement and enforce the new laws.
Committee Categories
Budget and Finance, Business and Industry, Government Affairs, Justice
Sponsors (10)
Zack Stephenson (D)*,
Elliott Engen (R),
Cedrick Frazier (D),
John Huot (D),
Erin Koegel (D),
Carlie Kotyza-Witthuhn (D),
Liz Reyer (D),
Andy Smith (D),
Brad Tabke (D),
Dan Wolgamott (D),
Last Action
Hearing (10:30:00 5/10/2024 ) (on 05/10/2024)
Official Document
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