The proposed bill seeks to establish a comprehensive regulatory framework for mobile sports betting in Minnesota, introducing new definitions and responsibilities for the commissioner overseeing the industry. It outlines licensing requirements for mobile sports betting operators, platform providers, and suppliers, including the issuance of up to 11 operator licenses and strict disqualifications for individuals with certain criminal backgrounds. The bill emphasizes responsible gambling practices, mandating features such as self-exclusion and spending limits for betting accounts, and requires operators to implement mechanisms to prevent unauthorized use and fraud. Additionally, it prohibits local governments from imposing additional taxes or fees on sports betting, ensuring a uniform regulatory environment across the state.

The legislation also includes provisions for taxation of sports betting revenues, civil and criminal penalties for violations, and mandates regular reporting to ensure compliance with the established regulations. It establishes a competitive bidding process for platform providers, with a minimum tax rate of 40% on mobile sports wagering net revenue, and clarifies that sports betting conducted under these regulations is not classified as illegal bookmaking. The bill aims to protect consumers, maintain the integrity of the betting process, and address public safety concerns related to gambling disorders, with a focus on ongoing studies and support for those affected by gambling issues.

Statutes affected:
Introduction: 325E.42, 260B.007, 609.75, 609.755, 609.76, 245.98, 240.01