Authorizes sports betting and fantasy contests in Minnesota, establishes licensing, and sets taxation and penalties.
The bill authorizes mobile sports betting and fantasy contests in Minnesota, establishes licensing requirements, and sets taxation and penalties. It defines terms such as "mobile sports betting" and "sports governing body." The bill also outlines provisions for the issuance of licenses to mobile sports betting operators and platform providers, sets default wagering limits, and requires the establishment of an exclusion list for compulsive gamblers. It imposes a tax on sports betting net revenue and prohibits local governments from imposing taxes on sports betting.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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