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MN HF1278
Bill
Status
2/18/2019
Primary Sponsor
Pat Garofalo
Click for details
AI Summary
H.F. 1278 - Sports Wagering Bill Summary
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Authorizes sports wagering in Minnesota through licensed sports pools operated only by federally recognized Indian tribes, with both on-site (tribal casino) and mobile/electronic options available.
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Creates a five-member Minnesota Sports Wagering Commission appointed by the governor to regulate sports wagering, adopt rules, and ensure fair and lawful conduct of sports pools.
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Imposes a 0.5 percent excise tax on all wagers in lieu of corporate income tax, with the first $1,000,000 collected annually deposited to fund the Sports Wagering Commission and excess amounts going to the general fund.
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Prohibits participation in sports wagering by persons under 18, sports pool operators and their associated parties, coaches, and participants in the sporting event being wagered on.
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Restricts wagers to commission-authorized sporting events (including professional and NCAA Division I sports) and prohibits wagers on non-sports events, virtual events, and events where no line was posted.
Legislative Description
Sports wagering authorized, sports wagering commission created, sports pool operators and sports wagering premise licensing provided, mobile and electronic sports pool licenses established, sports pools conduct prescribed, local restrictions prohibited, sports wagering participation restricted, sports wagers excise tax in lieu of corporate tax imposed, tax administration provided, and report required.
Last Action
Author stricken Ecklund
2/25/2019