Odds Good Minnesota Will Become 40th State to Legalize Sports Betting

Odds Good Minnesota Will Become 40th State to Legalize Sports Betting.

Costfoto / NurPhoto / Getty Images

Key Takeaways

The odds are good that Minnesota will join 39 other states and Washington, D.C., in passing legislation authorizing gambling on sports in 2025.

Minnesota sports betting odds legalizationMinnesota sports fans might soon be able to bet legally on their beloved teams. A push to legalize sports betting is expected to resume when the Minnesota Legislature convenes later this month. (Image: Casino.org)

The Minnesota Legislature convenes for its on Jan. 14. State Sen. Matt Klein (DFL-Dakota County), who championed the upper chamber s sports betting bill last year that stalled in May amid the arrest of a state senator and partisan politics, plans to file new legislation to bring legal sports betting to Minnesota.

The argument I always make is people are already doing it in illegal and unregulated markets, usually offshore markets, Klein told the . That s only going to increase. If we want a responsible and safe and taxable sports wagering process in Minnesota, we need to pass a bill.

Opponents remain, primarily those who think sports gambling will result in gambling addiction and the social problems that come with such a disorder. Klein says his measure will include additional responsible gaming safeguards than did his 2024 bill.

There are people who are really concerned about gambling addiction, family bankruptcy, and devastation, Klein added. I ve put some real safeguards in the bill to try and answer those concerns. If we pass the bill as I ve introduced it, it will be the safest sports wagering bill in the nation.

2024 Effort

Lawmakers in the Saint Paul Capitol nearly found common ground last year to bring legal sports betting to the Gopher State. State senators and House representatives compromised on Klein s Senate File 1949 and its House counterpart, House File 2000.

The that tribal nations holding Class III gaming compacts with the state would receive exclusive privileges to retail and online sports betting. While the tribes would have retained their in-person sports gambling proceeds, they would have shared 22% of their online sportsbook revenue with the state.

Of the state s tax proceeds from , 45% of the funds were to be directed to the General Fund, 15% to Minnesota s two horse racetracks, 10% to problem gambling programs, 10% to recruit major sporting events to the state, and 5% to support youth sports. The remaining 15% would go to a tribal equalization fund, which would benefit smaller tribes whose partnered online third-party sportsbook generated fewer proceeds than larger, richer tribes that might partner with the industry s dominant leaders FanDuel and DraftKings. 

Minnesota Market

Minnesota doesn t have commercial casinos, but commercial sportsbooks have relationships with Native American tribes in several states, including Arizona, Michigan, Washington, and Wisconsin. Minnesota is attractive with nearly 5.8 million residents, many of whom are sports-obsessed with the state home to franchises in all five professional sports leagues the NFL, MLB, NBA, NHL, and MLS.

U.S. Bank Stadium, home of the Minnesota Vikings, hosted Super Bowl LII in February 2018 and the NCAA Final Four in April 2019.

The Minnesota Legislative Budget Office estimates that legal could generate nearly $90 million annually in state tax revenue.

Article Sources
MGM Execs Discuss Paring MGP Stake, Wall Street Focusing on Sports Betting, Strip Recovery editorial policy.
  1. Tiger Woods at 9/1 to Win Major in 2022, Odds Far Too Short for Most Golf Bettors

Compare Accounts
×
Grand Korea Leisure Set to Relocate Gangbuk Gaming Ops in South Korea
Provider
Name
Description
Steve Wynn Proves the Rich Get Richer, Gets $12.5M Payday, Thanks to Macau and Vegas Rebounds  Vietnam’s Casinos Closed Due to Coronavirus, Residents Restricted  SLING TV Rolling Out Barstool Sports Channel, Including Betting Content  Las Vegas Sands, Wynn Resorts Dividends Stare Down Coronavirus Vulnerability  Watchdog Group Says 15 Congressmen Wanted Red Rock CEO to OK Unions at Palms Resort in Quid Pro Quo  Belarusian Soccer Only League Left to Bet Because President Says Virus Cured by Vodka and Saunas  Gambling Charges Lead To S.C. Deputy Getting Sentenced To Over Year In Prison  Mafia-Backed Casinos Tried to Kill Me, Claims Edward O Thorp, the Father of Card-counting  Grand Korea Leisure Set to Relocate Gangbuk Gaming Ops in South Korea  Jackpot: Horseshoe Las Vegas Player Wins Almost $500K, Retires as Rodeo Clown