Authorizes sports betting and fantasy contests in Minnesota, establishes licensing and regulation, and sets penalties.

The bill authorizes sports betting and fantasy contests in Minnesota, establishing licensing and regulation for operators. It sets penalties for violations, including fines and imprisonment. It also mandates background checks for applicants, requires certain data protections, and prohibits advertising targeting individuals under 21. The bill includes provisions for a tax on sports betting net revenue and a study on gambling's impact on problem gambling and youth. It defines terms such as "sports betting" and "fantasy contest" and outlines specific wagering restrictions.

Authorizes sports betting and fantasy contests in Minnesota, establishes licensing and regulation, and sets penalties.

The bill authorizes sports betting and fantasy contests in Minnesota, establishing licensing and regulation for operators. It sets penalties for violations, including fines and imprisonment. It also mandates background checks for applicants, requires certain data protections, and prohibits advertising targeting individuals under 21. The bill includes provisions for a tax on sports betting net revenue and a study on gambling's impact on problem gambling and youth. It defines terms such as "sports betting" and "fantasy contest" and outlines specific wagering restrictions.