Minnesota lawmakers were close to passing a sports betting bill after nearly six years of trying, but the deal ultimately fell through due to timing constraints and the complexity of bipartisan support needed. The bill would have legalized sports betting in the state, giving exclusive authority to tribal nations and allowing for both physical sports books and mobile betting. A 22% state tax on net winnings from mobile bets off reservation was also proposed, with proceeds allocated to charitable gambling, horse racing, tribal equalization funds, problem gambling programs, national events, and youth activities.
The key to the failed deal may have been funding for horse racing and smaller tribes that may not benefit as much from sports betting. Republican and Democratic support was needed, and the bill faced pushback from opponents within both parties, with disagreements over details like in-game betting restrictions and consumer protections. Ultimately, the bill did not pass due to the failure to secure one GOP vote needed in the Senate.
Despite the setback, supporters are optimistic about future prospects, as the bill addressed historic disputes between tribal nations and horse racing tracks and found a compromise that satisfied both. Lawmakers believe they are now closer than ever to passing a sports betting bill in Minnesota and are hopeful that a framework has been established for future action. The tribal equalization fund was viewed as a significant step towards finding a solution that benefits all stakeholders involved in the sports betting industry in the state.
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