Minnesota Senator Introduces New Version of Sports Betting Bill
January 26, 2024
Senator Jeremy Miller announced his version of an updated sports betting bill (draft here).
Some key components are:
- 15% tax rate
- Licensing opportunities for Minnesota’s 11 tribal nations to offer retail and mobile sports betting. License holders would also have the option to operate retail betting on the premises of horse racing tracks or professional sports stadiums in Minnesota, pursuant to a partnership agreement.
The bill will be formally introduced on Feb 12, the first day of Minnesota’s legislative session. We expect multiple versions of sports betting bills to be discussed. Ultimately, negotiations between the tribes and the tracks are going to determine the final bill.