Two of the lawmakers have announced their plans to make an introduction to legislation that will place Minnesota among the states that legalized sports betting, in hopes to succeed this time after a few failed attempts in years prior.
The Proposed and Existing Bills
The legislation is sponsored by Republican Rep. Pat Garofalo and Karla Birgham, Sen. for the democrats.
This bill is supposed to grant the wager for sports on-site within tribal casinos during the first year, and in the following year broaden to mobile betting, available after signing up at the tribal casino.
The suggested revenue in taxation is 6% and 8% respectively. It was suggested that an additional 0.5% is allocated for assistance programs for compulsive gambling.
The bill is supposed to regulate the founding of a wagering commission, which would include racetracks and tribes as members.
Minnesota lawmakers have been trying to introduce a bill that would regulate sports gambling in the past years, however the suggestions have never taken a strong consideration by the State.
While some officials show interest in the legislation, others, like Paul Gazelka who leads the Majority in the GOP Senate claim the legislation is unlikely to pass this year, given the bill’s focus on the nature of the legislative session in terms of social distance and the overall situation.
Bonus Bets Coming Soon!
One thing fans of sports betting will become excited about is the free bet offers they will be able to use once sportsbetting comes online. For example, state residents will have access to the same websites in the UK like freebets.co.uk.
Sports betting fans get free bets just for signing up to a sports book. The bonus bets can be used for horse racing, football, and other sports with no deposit required.
While when members make a deposit, they get showered with more free bet offers. A simple deposit can land someone with a free bet that is worth triple their original deposit!
Even players in the UK bet online on the NFL, while some US citizens cannot bet online at all, which is about to change and with the inclusion of bonus and free bet offers.
The appeal of the bill
Given Minnesota’s strives to fill in the $1.3 billion deficit in its yearly budget, the bill might grant more interest than initially predicted being a very lucrative in taxation money.
The amount of sports betting has seen the rise around the world, and given the online availability of sports betting via apps and websites, the industry can expect the rise of sports betting in the years to come.
Aside from this, the regulation may result in the rise of casino tourism that would attract visitors from the nearby states but also the world, where sports betting is still not legalized.
The popular sports over which the players bet are soccer, tennis, basketball, football, as well as F1, among others. The elaborate system of soccer leagues in Europe have fans that follow the teams in particular leagues.
Maybe the most important aspect of the bill is its ability to bring to legality the betting activity happening in the state, given the fact that a lot of betting activity has been happening underground as well as through off-shore placed websites.
This activity drains the country’s treasury by still undetermined amount of revenue in taxation.
Tribal nations actually oppose the legislation for the concerns that the legalization of sport betting will undermine the other aspects of their business, while the maintenance of the infrastructure is also one of the bigger concerns.
Even though there is a chance that the legislation might lead to filling in the 1.3 billion gap in the state deficit, the four major legislative leaders do not show apparent interest in the legislation so far.
The strong resistance of independent organizations and public opinion focused on issues of compulsive gambling and gambling addiction has been shown over the years.
The efforts to introduce the bill on the other hand don’t as well seem to show to weaken in these few recent years.