Latest Update on Sports Betting Legalization in Minnesota

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00:00 (upbeat music)

00:02 - But up in the, I believe in your neck of the woods here,

00:06 I keep hearing that maybe the next state to go

00:10 to actually go full board

00:13 and get everything legalized is Minnesota.

00:16 Is that still on track here to by the end of the year?

00:20 - Yeah, so the past two years,

00:22 I've gone in very bullish on Minnesota.

00:25 Last year, of course, it didn't work out.

00:26 They got it pretty close.

00:28 I mean, I've been told by various industry sources,

00:31 there is no more lobbying to be done.

00:33 Lawmakers want this to happen.

00:34 Now, the problem is, is the tribes would have sports betting

00:39 or they want sports betting exclusivity.

00:41 And the DFL party, which is essentially the Democrats,

00:44 want tribal exclusivity,

00:47 and they have control of both chambers of the house

00:49 and the governor's office.

00:51 And the Republicans, who still do hold some sway,

00:54 because of course, there's parts of both parties

00:56 that don't want sports betting.

00:58 So you need votes on both sides.

00:59 They want the horse racing tracks involved.

01:02 And the horse racing tracks, of course, want to be involved.

01:05 And so there's negotiating going on behind the scenes

01:09 between the tribes and the tracks,

01:10 trying to come up with the right model to go forward.

01:13 We left off last year with a big chunk of revenue sharing

01:18 kind of out there to see where we're going.

01:22 And we're gonna get our first hearing tomorrow

01:26 in a committee that is bringing back a bill

01:30 that is still in play from last year,

01:31 which is Rep. Stevenson's bill,

01:33 which he's been the lead kind of charge from the DFL party,

01:38 very close relationship with the tribes,

01:40 and trying to figure out

01:42 where this kind of can come together.

01:45 And like I said, everybody on the legal side

01:48 apparently wants this in Minnesota.

01:50 The Republican party wants it, the DFL wants it,

01:53 the governor wants it, the tribes.

01:56 I would assume want it.

01:58 And so it's just kind of a tug of war right now

02:01 in the negotiating battle and seeing where we end up.

02:04 Minnesota came close a couple of years ago too

02:07 when the Republicans were in charge.

02:09 So this is a state that a lot of people are saying

02:13 this is kind of the shoe-in of the states that are left.

02:17 But again, they keep getting close and not getting there.

02:19 But could this year be different?

02:21 It's certainly plausible.

02:24 But yeah, it maintains the best

02:28 to get any sort of legalization done.

02:30 Mississippi, I think looks good

02:33 to get their online sports betting live.

02:36 You know, of course,

02:37 they have retail sports books at their casinos,

02:40 so they already have legal sports betting.

02:42 But they might be the best odds

02:45 to get something actually through all the way.

02:48 But to legalize sports betting,

02:50 Minnesota, I think, is number one.

02:52 (upbeat music)

02:55 (bells chiming)

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