HF3211 Summary

• Authorizes advance deposit wagering (ADW) on horse races conducted outside Minnesota through licensed providers holding class C licenses, subject to commission approval and contracts with Minnesota racetracks.

• Establishes source market fees (percentage of wagers by Minnesota residents) to be paid by ADW providers to racetracks: 28% to standardbred tracks and 72% to thoroughbred/quarter horse tracks, with at least 50% of fees allocated to purses and breeders awards.

• Imposes regulatory fees of 1% and breeders fund fees of 0.25% on all amounts wagered by Minnesota residents through ADW providers, with fees deposited in the state treasury's special revenue fund.

• Requires ADW providers to maintain surety bonds or letters of credit, submit approved plans of operation including dispute resolution and security procedures, and conduct annual independent audits.

• Establishes private right of action for licensed racetracks against unauthorized wagering providers, with presumptive damages equal to 10% of illegal wagers, and grants enforcement authority to the racing commission.