HF5274 Summary

• Authorizes mobile sports betting and fantasy contests in Minnesota, limited to Indian Tribes operating licensed casinos, with up to 11 mobile sports betting operator licenses and unlimited fantasy contest operator licenses.

• Imposes 20% tax on sports betting net revenue and 10% tax on fantasy contest adjusted gross receipts, with 50% of sports betting revenue dedicated to problem gambling treatment, public awareness, and amateur sports integrity programs.

• Prohibits sports betting and fantasy contest participation by individuals under age 21, athletes/coaches involved in events, and those with nonpublic information about events; establishes exclusion lists for problem gamblers.

• Creates criminal penalties for unauthorized wagering and acceptance of wagers on sporting events, ranging from misdemeanors to felonies based on wager amounts, and prohibits sale of private betting data.

• Appropriates $8.3 million in FY2025 to Department of Public Safety and $10,000 to Department of Revenue for regulation and taxation; establishes $625,000 annual transfer for horse racing purse supplements and $150,000 for study on young adult gambling motivations.