Minnesota Online Sports Betting
Minnesota has a long history of gambling going right the way back to pre-European settlement and Indian tribes, however, things have really picked up over the last two generations. What stands out in Minnesota is the huge scope and size of the charity gambling options – and the nation-leading progressive expansion of tribal gaming activities. Horse-racing is also a popular part of the gambling scene in the Land of 10 000 Lakes.
Minnesota also permits several forms of online betting, including horse racing and Daily Fantasy Sports (DFS). There are no immediate plans to legalize sports betting in Minnesota, but given the winds of legislative change for sports betting legalization blowing across the United States recently, it seems as if it is only a matter of time until a progressive gambling state like Minnesota jumps onboard the online sports betting train.
Legality of Sports Betting VS Gambling
Affectionately known as the ‘Land of 10 000 lakes’, the state of Minnesota offers the gambling aficionados a wide of legal options; DFS, online horse racing, casinos, live horse racing, live poker, a great state lottery and charitable gambling.
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Minnesota Sports Betting Tax Rates
Minnesota has a 7.25% state tax on gambling winnings.
Large gambling wins over $600 in the state of Minnesota may possibly attract an additional Federal Tax.
Contact your tax attorney to assess your potential Federal tax liability if you have a big win in Minnesota.
Sports betting Age VS Gambling Age in Minnesota
Minnesota’s minimum legal gambling ages offer a flexible range of 18 to 21 year-of-age for casino gambling (18 for those casinos that don’t serve alcohol, and 21 for those casinos that do offer alcoholic beverages) and an 18 years-of-age minimum for DFS, horse racing, the state lottery and charitable gaming.
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Betting on Sports in Minnesota
Betting on sports is not yet a reality in Minnesota and there is no pending debate on the topic scheduled for the Minnesota State Legislature.
Many state legislators have commented that legalizing sports betting would assist Minnesota in fending-off-the-challenge from off-shore-based sportsbooks.
Minnesota’s State Legislators will first need to debate, draft and pass new laws in order to institute legal sports betting. We are anticipating that several sports betting bills will be introduced to the North Star State when legislators reconvene in 2019 to debate administrative details like the feasibility of online sports betting and the level of sports betting taxes.
Until then, see directly below for online sports betting options that currently exist for Minnesota’s state residents and visitors.
Minnesota Online Sports Betting Laws
Sports Betting Online is currently unregulated and unlicensed (therefore, illegal) in the state of Minnesota as the topic has not yet been discussed by the state’s legislators.
The question of legal sports betting online is anticipated to be debated by the Minnesota State Legislature in the 2019 legislative session.
Meanwhile, online DFS and horse and greyhound racing online betting options are all fully legal for residents and visitors in Minnesota until the legislators give them an opportunity to place a legal wager on the Vikings or Twins.
Online Fantasy Sports in Minnesota
The Federal Government’s understanding is that Daily Fantasy Sports (DFS) competitions are skills-based games, not games of chance and therefore, they are not considered to be gambling. Each state has been encouraged to declare their own position on the legality of DFS competitions.
Minnesota’s State Legislators has never gotten around to formally legalizing DFS. It seems that the topic is not given the utmost importance as DFS competitions have operated openly in Minnesota for many years. DFS sites exist and operate in a legal grey area in Minnesota but no-one expects the games to be shut down. Lawmakers’ objections to formally legalizing DFS in Minnesota have more to do with disagreeing on licensing fees and taxes, than they do with any objection to the practice.
Meanwhile, all major DFS sites accept players from Minnesota.
Esports Online Betting Laws
When sports betting arrives in Minnesota as a fully legal wagering option, eSports betting will bring a new pristine and disruptive ‘family-friendly’ form of sports betting to a new breed of gamblers looking for options unblemished by the ‘illegal’ historic tag.
Why ‘eSports’ are so popular right now
Professional video game competitions are a big thing these days. They’re called ‘eSports’ and they are a big deal that has developed from the days of the underground gaming community to become a mainstream sport, now growing at an unprecedented rate. Players from around the world compete for professional teams in tournaments offering prize pools worth up to millions of dollars. Many of these competitions attract huge global audiences. Tens of thousands of people attend eSports events in packed stadiums, and millions more watch online.
The interest in esports is increasing daily. Yes, there are those wanting to watch and play the games; however, big bettors want to place wagers and win big on the professional video game contests. Many international sportsbooks offer betting markets on the major competitive global eSports tournaments, and eSports betting is growing exponentially at a rate directly correlated to developments in live video streaming technology.
StarCraft, CS:GO, Overwatch and Fortnite, are just some of the most popular games, and the big pro teams compete for glory as gamblers worldwide (including soon in Minnesota with the co-operation of the state’s lawmakers) cash in on the action.
Horse Racing in Minnesota
Horse Racing in Minnesota provides a number of betting opportunities for aficionados of ‘sport of kings’ with possibilities to place wagers on thoroughbred racing, quarter horses and harness racing. All forms of horse racing in the state are administered by the Minnesota Racing Commission and legislated through Chapter 240 of the Minnesota State Statutes.
Minnesota has one thoroughbred racing track and one harness racing track where race meetings are held throughout the year. Race days are also held throughout the state under license at county fairs (usually in summer only).
Off Track Betting (OTB) in Minnesota
OTB’s are banned in the state of Minnesota (presumably to protect the trackside betting industry). However, online betting is available for the state’s residents.
Online Horse Racing in Minnesota
Horse/greyhound betting can be legally offered online to Minnesotans. The only restriction is that online betting is not available at races held in Minnesota. Accordingly, residents of Minnesota over the age of 18 have 100% legal access to online horse betting sites offering betting options on all the popular races throughout the United States (other than Minnesota) and major worldwide race meetings.
Visit our page on Minnesota’s Gambling Laws for more information on the states laws