Minnesota to Introduce Sportsbetting Bill

Lawmakers in Minnesota have announced that they’ve introduced a bill that would legalize sportsbetting within the state as a measure to generate revenue lost during the Covid-19 pandemic.

Rep. Patrick Garafalo and Senator Karla Bigham are introducing and sponsoring the bill, which would legalize and regulate sportsbetting within Minnesota’s borders. Garafalo is a Republican and Bigham a Democrat, meaning that the bill has bipartisan support. Many states are looking to regulate online betting and sportsbetting as ways to help raise tax revenues that have fallen as traditional land casinos in the United States have largely been shuttered or at reduced capacity due to the Covid pandemic.

Details on tax rates or fees for operators weren’t disclosed in the announcement of the bill, but will be known once the measures are formally brought onto the House floor. It’s also not known if the bill covers online wagering.

Sportsbetting could bring in billions for the state according to Garafalo, and it appears that many voters in the state support legalization as well. The state would have to debate and vote on the bill in each house of the legislature, where it would then move to the Governor’s desk who could sign it into law. Once law, operators would apply for gaming licenses that cover sports wagers, and once approved, could begin offering the service to customers.

Casino Listings News is following this story and will update readers as we learn more.

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