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 empowers a designated commissioner to oversee licensing and operations, allowing for up to 11 mobile sports betting operator licenses and 11 platform provider licenses, with strict eligibility criteria and background checks for applicants. It prohibits local governments from imposing additional taxes or fees on sports betting and outlines a 20% tax on online wagers, while exempting those placed on Indian lands. The legislation also emphasizes responsible gambling practices, requiring operators to implement measures to prevent compulsive gambling and to monitor wagering patterns.

In addition to the regulatory framework, the bill introduces provisions for funding youth sports and activities, mandating that a significant portion of funds from the amateur sports integrity and participation account be allocated to organizations promoting youth sports in areas with high juvenile crime rates. It also amends existing laws related to charitable gambling and horse racing, clarifying the definition of "lawful purpose" for gambling proceeds and establishing a racing economic development account. The bill aims to enhance public safety and welfare while promoting responsible sports betting and supporting community initiatives.

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