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MN SF1949

Bill

Status

Introduced

2/20/2023

Primary Sponsor

Matt Klein

Click for details

Origin

Senate

93rd Legislature 2023-2024

AI Summary

SF1949 Summary

  • Authorizes mobile sports betting in Minnesota through licensed Indian Tribes, allowing individuals 21+ to place wagers online on approved sporting events through regulated operators.

  • Establishes licensing framework administered by the Commissioner of Public Safety: up to 11 mobile sports betting operator licenses (tribal entities only), up to 11 platform provider licenses, and sports betting supplier licenses.

  • Imposes 20% tax on sports betting net revenue, with funds distributed to horse racing support (5%), tourism (15%), problem gambling treatment and awareness (10%), lawful gambling relief payments (20%), youth sports (5%), and general fund (45%).

  • Creates comprehensive consumer protections including age verification (21+), account deposit/loss limits ($500/24 hours, $3,000/30 days default), self-exclusion options, prohibition on in-game betting, and mandatory integrity monitoring.

  • Criminalizes unauthorized sports betting, including wagers by participants in events, individuals under 21, and unlicensed operators, with penalties ranging from misdemeanors to felonies depending on wager amounts and circumstances.

Legislative Description

Lawful sports betting establishment and appropriation

Last Action

Author added Frentz

3/25/2024

Committee Referrals

Finance3/18/2024
Taxes3/7/2024
Commerce and Consumer Protection2/19/2024
Finance5/12/2023
Rules and Administration5/10/2023
Taxes5/10/2023
State and Local Government and Veterans3/27/2023
Judiciary and Public Safety3/16/2023
Health and Human Services3/13/2023
Commerce and Consumer Protection3/1/2023
State and Local Government and Veterans2/20/2023

Full Bill Text

No bill text available