This bill establishes a comprehensive legal framework for sports betting and fantasy contests in Minnesota, allowing for mobile sports betting and defining key terms such as "authorized participant," "mobile sports betting," and "sports betting supplier." It mandates that participants must be 21 years or older and prohibits local restrictions on sports betting. The bill outlines the responsibilities of the commissioner in regulating these activities, ensuring fair practices, public safety, and transparency. It also introduces licensing requirements for mobile sports betting operators and platform providers, emphasizing consumer protection and responsible gambling practices, including the establishment of a 24/7 helpline for those struggling with gambling disorders.

Additionally, the bill imposes a 22% tax on net revenue from online sports betting while exempting wagers placed on Indian lands from state taxation. It creates a sports betting revenue account to manage collected taxes and allocates funds for various purposes, including amateur sports grants and community services. The legislation also addresses fantasy contests, requiring operators to register and adhere to specific regulations, including responsible advertising and financial accountability. Overall, the bill aims to regulate and promote responsible sports betting and fantasy contests while supporting community engagement and addressing issues related to problem gambling.

Statutes affected:
Introduction: 270B.07, 260B.007, 609.75, 609.755, 609.76, 297E.02, 349.12, 240.01, 245.98, 609.761