The "Minnesota Sports Betting Act 3.0" seeks to establish a comprehensive regulatory framework for mobile sports betting and fantasy contests in Minnesota. The bill introduces key definitions and stipulates that individuals aged 21 and older can participate in mobile sports betting with licensed operators. It prohibits local restrictions on sports betting and outlines a taxation structure, imposing a 20% tax on online wagers while exempting those placed on Indian lands. The legislation also includes provisions for civil and criminal penalties, responsible gambling practices, and the allocation of funds for amateur sports grants. Notably, it mandates that all fees collected from applications and licenses be deposited into the general fund, ensuring transparency and accountability.

Additionally, the bill outlines licensing requirements for mobile sports betting operators, including background checks and the establishment of provisional licenses for platform providers. It emphasizes the importance of responsible gambling by requiring operators to implement measures to prevent compulsive gambling and to monitor wagering patterns. The bill also introduces a new tax relief payment system for organizations licensed to conduct lawful gambling and mandates the allocation of funds to support youth sports initiatives in areas with high juvenile crime rates. Overall, the legislation aims to create a regulated environment for mobile sports betting while promoting consumer protection, responsible gaming practices, and support for sports initiatives in Minnesota.

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