The bill establishes a comprehensive regulatory framework for mobile sports betting and fantasy contests in Minnesota, allowing the commissioner to issue licenses for operators and platform providers while ensuring compliance with state laws. It defines key terms related to sports betting and outlines the responsibilities of the commissioner, including overseeing the industry and enforcing regulations. The legislation prohibits local restrictions on sports betting, mandates responsible gambling practices, and specifies that unlawful sports betting is prohibited unless conducted in accordance with established regulations. Additionally, it allows sports governing bodies to request restrictions on specific wagers to protect event integrity and emphasizes the importance of consumer protection and transparency.

Key provisions of the bill include the establishment of licensing requirements for mobile sports betting operators and fantasy contest operators, with specific eligibility criteria and application processes. The bill mandates operators to maintain cash reserves, report monthly on wagers, and implement measures to prevent unauthorized participation and excessive wagering. It also introduces penalties for violations, including criminal charges for unauthorized acceptance of wagers, and establishes an amateur sports integrity account funded by sports betting revenue to support youth sports participation. Furthermore, the bill includes appropriations for state departments to facilitate the regulation of these activities and mandates a study on young adult gamblers to address problem gambling.

Statutes affected:
Introduction: 260B.007, 609.75, 609.755, 609.76, 245.98
1st Engrossment: 260B.007, 609.75, 609.755, 609.76, 245.98
2nd Engrossment: 260B.007, 609.75, 609.755, 609.76, 245.98
3rd Engrossment: 260B.007, 609.75, 609.755, 609.76, 245.98, 349.12, 240.01, 240.30
4th Engrossment: 270B.07, 260B.007, 609.75, 609.755, 609.76, 245.98, 240.01, 240.30
1st Engrossment: 260B.007, 609.75, 609.755, 609.76, 245.98