Optimism Growing For Minnesota Sports Betting Legalization Effort
· 2024-04-01

Optimism Growing For Minnesota Sports Betting Legalization Effort

Efforts to legalize sports betting in Minnesota are gaining traction, according to multiple reports.

CBS News Minnesota reported that HF 2000 and SF 1949, bills to legalize online sports betting in the state, could realistically garner support from key stakeholders. The state’s tribes and Allied Charities Minnesota, a group representing small charities in the state that receive roughly $40 million annually from pull tab games, are among those showing support. The charities are concerned a betting bill could eliminate or threaten the existence of the pull.

​​”Well, I think momentum is building, I think we have a great chance,” Rep. Zack Stephenson, HF 2000’s primary sponsor, told CBS. “It’s a difficult bill because gambling bills by their nature have to be bipartisan, there are Democrats and Republicans who will never vote for it. So you have to assemble a broad bipartisan coalition and these days that is very difficult, but momentum is building.”

The Star Tribune’s editorial board even threw its weight behind the push, recently writing an opinion piece in support of legal sports betting.

Under HF 2000, the state’s 11 tribes could each receive one license to offer retail sports betting and one online betting license. The bill could bring up to 11 legal betting apps to Minnesota.

The bill would also legalize daily fantasy sports sites. The state’s horse tracks would like more involvement in the bill, however, which could prove to be a sticking point as the legislative session progresses. Minnesota’s session lasts through May 20.

HF 2000 taxes sports betting at 10% of net revenue, and tax revenue currently goes into several buckets, including one to promote responsible gambling and help those with problem gambling habits.

SF 1949 doesn’t legalize DFS, and it doesn’t allow for in-game betting, a major disappointment for operators. Live betting has grown in popularity over the years, and it’s an important offering for operators.

The bill would allow for 11 mobile betting apps in Minnesota, and sports betting is taxed at 20% of net revenue. The tax revenue goes to a variety of funds, including 5% to the state’s tracks.

HF 2000 is scheduled for a hearing in the House State and Local Government Finance and Policy Committee on Wednesday. The bill is still in the early stages of progressing through the legislature, as it’ll need to make its way through both chambers.

The same is largely true for SF 1949, which has received discussion in Senate committees, but hasn’t yet hit the Senate floor. It’s set to be discussed next in the Senate Finance Committee.

There’s ample time for state legislators to agree on a framework to legalize sports betting, given the state’s session lasting through mid-May.

熱門文章
菲律賓網絡賭博和加密貨幣仍構成持續的洗錢風險
東南亞資訊
亞洲遊戲市場觀察:15大市場熱門遊戲與用戶趨勢
網路遊戲
英國確認各垂直行業的賭博稅稅率
合規與政策
JILI 宣佈與全球板球傳奇 AB de Villiers(ABD)達成重磅戰略合作
體育遊戲
橫跨全球6個城市,灰度8場派對邀你共看世界盃,重塑高質量社交新場景
灰度頭條
超級PAC籌資4800萬美元:體育博彩勢力加碼
合規與政策
印第安納州在線賭場法案在眾議院委員會停滯不前
合規與政策
2027 Global Game Connect(GGC)斯里蘭卡招商全面啟動!業務人脈盡在掌握!
灰度頭條
越南博彩管控逐步放寬,惟本土需求仍顯乏力
東南亞資訊
哈薩克計劃對線上賭場促銷活動進行處罰
合規與政策
菲律賓博彩技術賽道迎來新變局,B2B 供應模式加速滲透
東南亞資訊
巴西擬將博弈稅率提高至24% 稅收將用於社保與醫療領域
合規與政策
印度最高法院受理公益訴訟,要求全國禁封「偽裝」成社交遊戲的賭博平台
合規與政策
新澤西州7月博彩收入創6.06億美元新高,頒布禁令
合規與政策
斯里蘭卡博弈產業大轉型,官方:劍指南亞拉斯維加斯
合規與政策
首頁
遊戲
合作
發現
我的