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MN SF5330
Bill
Status
4/4/2024
Primary Sponsor
John Marty
Click for details
AI Summary
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Authorizes mobile sports betting in Minnesota through Indian Tribe operators, with up to 11 mobile sports betting operator licenses and platform provider licenses issued by the Commissioner of Public Safety.
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Establishes a 21-year-old minimum age requirement and creates an exclusion list for individuals prohibited from wagering, including athletes, coaches, and those with self-imposed restrictions on gambling.
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Imposes a sports betting net revenue tax at rates determined through competitive bidding (minimum 40 percent), with revenue distributed to problem gambling treatment programs (50 percent), general fund (25 percent), and school mental health services (25 percent).
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Prohibits local taxes or licensing requirements on sports betting and creates criminal penalties ranging from misdemeanors to felonies for illegal wagering, underage betting, and unauthorized acceptance of wagers.
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Requires comprehensive responsible gambling safeguards including deposit limits ($500 per 24 hours default), loss limits ($3,000 per 30 days default), self-exclusion options, integrity monitoring, and prohibition of push notifications promoting betting to restricted users.
Legislative Description
Sports betting provisions and authorization, establishing licenses, local restrictions prohibition, sports betting taxation provisions, civil and criminal penalties provision, and appropriation
Last Action
Author added McEwen
4/18/2024