The bill establishes a comprehensive legal framework for mobile sports betting and fantasy contests in Minnesota, allowing individuals aged 21 and older to participate in these activities through licensed entities. It introduces new definitions related to sports betting, such as "authorized participant," "betting exchange," and "mobile sports betting operator," while emphasizing that unlawful sports betting is prohibited unless conducted in compliance with the established regulations. The commissioner is granted authority to regulate mobile sports betting, ensuring fair and transparent operations, and the bill includes provisions for taxation, civil and criminal penalties for violations, and the establishment of amateur sports grants. Additionally, it outlines licensing requirements for operators, mandates responsible gambling practices, and prohibits wagers on certain events, such as player injuries and college sports propositions.

Furthermore, the bill includes specific provisions for fantasy contest operators, requiring them to register with the commissioner and adhere to strict operational guidelines, including the maintenance of cash reserves and the implementation of responsible gambling measures. It establishes a tax structure for fantasy contests, imposing a 15% tax on adjusted gross receipts, and mandates that operators report monthly on their activities. The legislation also addresses the treatment of compulsive gamblers, appropriating funds for outreach and intervention services, and emphasizes the importance of data protection by classifying personal information related to participants as private data. Overall, the bill aims to create a regulated environment for both mobile sports betting and fantasy contests while promoting responsible gambling practices and supporting community engagement in sports.

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