Minnesota Sports Betting Bill Hits Small Bump

Efforts to legalize a Minnesota sports betting market is ongoing. The sports betting bill has already passed through the Commerce, Finance, Public Policy, and State Government Finance Committees. The bill has also passed the Judiciary, finance and Civil Law and Tax Committees. Currently, it is in the Ways and Means Committee, and seems stuck there.

Legislators note that sports betting is heavily popular, and the state should create a marketplace for Minnesota. Given how popular sports betting is in retail sportsbooks as well as online through the best sports betting websites, its only fitting that the state considers legalizing sports betting. Many states across the country already do this, and are collecting millions in revenue from sports betting.

Minnesota Sports Betting

The best sportsbook pay per head provider offers bookies the chance to open sportsbooks that are accessible to anyone, anywhere in the world. The convenience of online betting makes online sportsbooks so popular, but retail sportsbooks still hold their appeal for those who prefer betting in person. Which is why the state’s bill proposes online betting, where the state can collect 10% in taxes. Other states offer either both retail and online, some are retail-only, while some are online-only. Given the numbers we have seen in sports betting reports, states that offer both retail and online betting seem to have higher betting handles and revenues than the rest.

Local surveys show that residents are interested in legalizing sports betting and allowing them in horse tracks and tribal casinos. More than half of the participants are also in favor of the state offering online sports betting. Given how much bookie pay per head sportsbook owners are earning from mobile betting, the state would hopefully not delay the legalization of sports betting in Minnesota.

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