Loading chat...
MN HF769
Bill
Status
2/4/2021
Primary Sponsor
Pat Garofalo
Click for details
AI Summary
H.F. 769 Summary
-
Creates a Minnesota Sports Wagering Commission with five governor-appointed members to regulate sports wagering, establish rules for conduct, licensing requirements, and ensure fair and lawful operations.
-
Authorizes sports pools operated only by federally recognized Indian tribes located in Minnesota, permitting both on-site wagering in tribal casinos and mobile/electronic sports pools with geofencing technology that disables devices 20+ feet from tribal property.
-
Prohibits wagers from persons under 18, sports pool operators and their officers, employees, coaches and participants in the sporting event, and bans wagers on non-authorized sports, virtual events, and events without posted lines.
-
Imposes a 0.5% excise tax on all sports wagers in lieu of franchise tax and sales tax, with revenue exceeding $1 million annually deposited in the general fund and up to $1 million directed to the Sports Wagering Commission account.
-
Establishes civil penalties of up to $1,000 per violation (capped at $50,000 per occurrence) and criminal penalties (misdemeanor for first violation, gross misdemeanor if within five years of prior conviction).
Legislative Description
Sports wagering authorized, sports wagering commission created, licensing provided for sports pool operators and sports wagering premises, mobile and electronic sports pool licenses established, conduct of sports pools prescribed, local restrictions prohibited, participation in sports wagering restricted, excise tax imposed on sports wagers in lieu of the corporate tax, administration of tax provided, and report required.
Last Action
Introduction and first reading, referred to Commerce Finance and Policy
2/4/2021