- Minnesota has introduced a new bill that will hopefully legalize sports betting.
- Senator Jeremy Miller made his third attempt at legalizing sports betting with the Minnesota Sports Betting Act 3.0.
- The Senate wants to use the tax revenue to bring major sporting events to Minnesota and allocate funds to youth sports programs.
SAINT PAUL, Minn. – On January 30, Minnesota Senators Klein, Pratt, Kunesh, Frentz, and Coleman introduced Senate File No. 757, which would authorize sports betting at the local level in 2025.
Currently, Minnesota online sportsbooks are only available through internationally licensed offshore gambling sites. Many northern states have legalized sports betting and Minnesota is highly interested in joining its neighbors.
“This bill will ensure consumer protections, age verification, and responsible gaming initiatives while generating revenue to benefit our communities,” Klein said in a statement.
The terms outlined in S.F. 757 are:
- Legalize sports betting in partnership with 11 federally recognized tribes that already operate casinos with each of these tribes eligible for an online wagering license.
- There will be 11 licenses available to tribes that want to partner with Daily Fantasy Sports Operators.
- Sports betting would be taxed at 22% on net revenue except for wagers placed on tribal land with the 22% being distributed like this:
- 10% going towards bringing major sporting events to Minnesota.
- 10% going to the Commissioner of Human Services
- 5% allocated to youth sports programs.
- Any revenue generated from a fantasy contest is subject to a 15% tax (after allowed expenses are deducted).
- Designated tax revenue for horse tracks
- Provide tax relief for charitable gaming organizations
The measure took an unexpected turn however, failing to advance out of a Senate committee on Thursday.
Senator Jeremy Miller also made his third attempt at legalizing sports betting in the North Star State when he launched the Minnesota Sports Betting Act 3.0. The main differences between Klein and Miller’s proposals for online sportsbooks would be:
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Instead of taxing 22%, Miller’s proposal would have a 20% tax rate on net revenue with the distribution of this tax being:
- 25% to bringing major sports events to the state
- 2.5% allocated to youth sports
Miller made sure to combine the ideas from the last two versions of his Minnesota Sports Betting Act and include proposals from other sports betting bills that have made progress in the legislature.
Miller states, “The goal of this proposal is to bring folks together to work toward a bipartisan solution to legalize sports betting in Minnesota.”
There is a cautious optimism that Minnesota will join the other states that have legalized sports betting. While the Senate has made significant progress, there is still a concern about problem gambling and how it could affect the state.
McKenzie found her love for writing when she changed her major to Editing, Writing, and Media at Florida State University. She loves watching football and baseball with her family and grew up as an Alabama fan (Roll Tide). With a passion for both sports and storytelling, McKenzie brings a unique style of writing in her stories.
