The beginning of the subsequent legislative session in Minnesota is simply across the nook and it may embrace the introduction of a brand new sports activities betting invoice.
Though, judging by the outline of the invoice it will not be standard with sportsbook and should not garner a whole lot of assist.
The invoice is the brainchild of Democrat-Farmer-Labor Senator John Marty. His invoice on sports activities betting would focus closely on accountable playing and client safety. This shouldn’t be an enormous shock contemplating up to now the Senator has tried to derail different makes an attempt to move a sports activities betting invoice and has known as sports activities betting “predatory.”
Below the invoice being proposed by the Senator there could be strict promoting pointers on sports activities betting that would come with bans on the usage of public property for promoting and a ban on the usage of the time period, “threat free.”
Marty’s invoice would additionally embrace a ban on faculty sports activities prop bets and any in-game wagering. Deposits could be restricted to $500 in 24 hours, and $3,000 in a month. Exercise limits could be positioned on on-line playing apps of not more than 4 consecutive hours. A tax fee of 40% could be positioned on sports activities betting operators’ income.
The invoice would additionally embrace what’s being known as a “purple flag regulation” underneath which members of the family may report potential points to regulators.
All earlier makes an attempt at passing a sports activities betting invoice in Minnesota has abruptly failed. A invoice was proposed earlier this 12 months however didn’t have sufficient votes to move earlier than the legislative session ended.
There may be perception that getting legislators to agree on a sports activities betting invoice could also be even exhausting now following the November election which resulted in a close to 50-50 cut up in each the Minnesota Home and Senate.
