The bill establishes a comprehensive regulatory framework for mobile sports betting and fantasy contests in Minnesota, including licensing requirements for operators, platform providers, and suppliers. It allows the commissioner to issue up to 11 mobile sports betting operator licenses, exclusively to Indian Tribes conducting class III gaming, and mandates that all participants must be at least 21 years old. Key provisions include the requirement for operators to verify the age and identity of individuals before allowing wagers, the prohibition of certain types of bets, and the establishment of an exclusion list for individuals not eligible to wager. The bill also emphasizes responsible gambling practices, requiring operators to maintain cash reserves and implement measures to prevent compulsive gambling.

Additionally, the legislation introduces a taxation framework for both sports betting and fantasy contests, imposing a 10% tax on adjusted gross fantasy receipts and allocating a portion of sports betting revenue to an amateur sports integrity account. It outlines penalties for violations, including criminal charges for unauthorized acceptance of wagers, and establishes reporting requirements for operators. The bill also includes provisions for the treatment of compulsive gamblers and support for youth activities, aiming to promote public safety and welfare while ensuring transparency and integrity in the betting process. Overall, the bill seeks to create a regulated environment for mobile sports betting and fantasy contests in Minnesota, with a focus on consumer protection and responsible gaming initiatives.

Statutes affected:
Introduction: 240.01, 240.30
1st Engrossment: 240.01, 240.30
2nd Engrossment: 240.01, 240.30
3rd Engrossment: 270B.07, 260B.007, 609.75, 609.755, 609.76, 245.98, 240.01, 240.30, 609.761