Bill > SF757

This bill authorizes sports betting and fantasy contests in Minnesota, with several key provisions: It will establish a licensing system for mobile sports betting operators, primarily through Indian Tribes, and create a comprehensive regulatory framework for both sports betting and fantasy contests. The bill will allow individuals 21 and older to place wagers through licensed mobile platforms, with strict rules around advertising, age verification, and responsible gambling practices. Key provisions include: - Issuing up to 11 mobile sports betting operator licenses exclusively to Indian Tribes - Implementing a 22% tax on sports betting net revenue - Establishing a 15% tax on fantasy contest net revenue - Creating extensive consumer protection measures like account limits, age restrictions, and self-exclusion options - Requiring robust integrity monitoring and data protection protocols - Mandating that licensed operators contract with a platform provider - Prohibiting wagers on certain events like college sports propositions - Establishing criminal penalties for unauthorized gambling activities The bill also creates several new accounts to distribute revenue, including: - A sports betting equalization account - A sports marketing and awareness account - An amateur sports integrity and participation account - Allocating funds for problem gambling treatment and prevention The legislation aims to provide a regulated, safe environment for sports betting and fantasy contests while generating revenue for the state and supporting various community programs.

Government Affairs

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0757&ssn=0&y=2025