This bill establishes a comprehensive legal framework for sports betting and fantasy contests in Minnesota, allowing for mobile sports betting while ensuring consumer protection and responsible gambling practices. It introduces new definitions such as "authorized participant," "mobile sports betting operator," and "peer-to-peer wager," and sets the legal age for participation at 21. The bill prohibits local restrictions on mobile sports betting and clarifies that unlawful sports betting is only permitted under the established regulations, with specific provisions exempting sports betting conducted on Indian lands. The commissioner is granted authority to regulate the industry, including the licensing of up to 11 mobile sports betting operators and platform providers, and is tasked with ensuring fair and transparent operations.

Additionally, the bill outlines various regulations concerning advertising, partnerships, and responsible gambling measures, including the establishment of an exclusion list for individuals prohibited from wagering. It mandates that operators maintain cash reserves for potential winnings and contract with independent integrity monitoring providers to identify unusual betting activities. The taxation structure imposes a 22% tax on online sports betting net revenue, with funds allocated for state programs addressing problem gambling and sports marketing. The bill also includes provisions for grant programs to promote tourism and youth participation in sports, while enhancing treatment programs for compulsive gamblers. Overall, the legislation aims to create a structured and regulated environment for sports betting in Minnesota, prioritizing public safety and welfare.

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