The bill establishes a comprehensive regulatory framework for mobile sports betting in Minnesota, allowing the commissioner to issue up to 11 operator licenses and 11 platform provider licenses, with specific eligibility criteria for Indian Tribes. It includes provisions for responsible gambling practices, such as allowing users to set limits on their betting activities and creating a 24/7 helpline for individuals with gambling disorders. The legislation also mandates that operators maintain cash reserves, conduct background checks, and adhere to strict advertising guidelines to prevent targeting underage individuals. Additionally, it prohibits local governments from imposing additional taxes or fees on sports betting and outlines a taxation framework for net revenue generated from online wagers.

The bill further amends existing laws related to juvenile petty offenses, clarifying definitions and penalties associated with illegal betting activities. It emphasizes the importance of safeguarding user data and includes measures to address gambling disorders, such as establishing a treatment program for compulsive gamblers and their families. The legislation also introduces a competitive bidding process for platform providers and sets a minimum tax rate of 40 percent on net revenue from mobile sports betting. Overall, the bill aims to create a responsible and regulated environment for sports betting while ensuring public safety and promoting transparency in the industry.

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