Minnesota Sports Betting Act 2.0 (SF3803) Summary

• Authorizes sports betting in Minnesota operated by up to 11 Indian Tribes, with mobile betting available statewide and retail betting at racetracks and sports facilities by November 15, 2024.

• Establishes 15% tax on sports betting net revenue, with distributions to: compulsive gambling treatment (4%), youth sports programs (4%), racetracks (15%), sports marketing (25%), and lawful gambling organizations (50%).

• Creates licensing requirements for sports betting operators, platform providers, and suppliers, with criminal background checks, financial audits, and integrity monitoring standards.

• Prohibits wagering by participants in sporting events, individuals under 21, and those on exclusion lists; establishes criminal penalties ranging from misdemeanors to felonies based on wager amounts.

• Requires new Tribal-state compacts for sports betting on Indian lands and prohibits local taxes or licensing requirements; appropriates funding for Department of Public Safety and Department of Revenue enforcement.