{"id":17005,"date":"2024-03-15T13:18:16","date_gmt":"2024-03-15T13:18:16","guid":{"rendered":"https:\/\/instantcasinos.com\/?p=17005"},"modified":"2024-03-25T18:04:28","modified_gmt":"2024-03-25T18:04:28","slug":"minnesota-sports-betting-senate-votes-to-double-the-proposed-tax-rate","status":"publish","type":"post","link":"https:\/\/instantcasinos.com\/blog\/2024\/03\/15\/minnesota-sports-betting\/","title":{"rendered":"Minnesota Sports Betting: Senate Votes To Double The Proposed Tax Rate"},"content":{"rendered":"
The senate tax committee has voted to double the proposed tax rate in relation to legalizing Minnesota sports betting in the North Star State.<\/strong><\/p>\n The proposal would see the tax rate increase from 10% to 20%. The bill – SF1,949 – has now gone through six senate committees. It will now go on to the senate finance.<\/p>\n If it passes that, sports betting will take a step closer to being legalized. However, similar legislation has gone down this road before and been thwarted in the senate.<\/p>\n The state of Minnesota is one of few in the United States that still holds a strong stance on not legalizing sports betting. With that said, the news of the voted tax hike means residents have been provided fresh optimism.<\/p>\n In fact, many believe that sports gambling could be legalized later this year. The US Supreme Court ruled that the Professional and Amateur Sports Protection Act of 1992 was unconstitutional.<\/p>\n Naturally, this saw a flurry of states rush to legalize sports betting. Now, it only appears to be a matter of time before Minnesota follows suit.<\/p>\n As it stands, Minnesotans are able to place sports bets via offshore sportsbooks such as Bovada or BetOnline. Furthermore, horse racing was legalized in the early 1980s and continues to be a favorite for keen bettors in person.<\/p>\n It was only last year that Minnesota provided a fresh push to legalize more robust sports betting opportunities. On that occasion, it failed to make it out of committee in the House or out of the Senate.<\/p>\n The main reason the legislation in Minnesota is facing several sticking points is due to who gets control of sports gambling in the state.<\/p>\n Also, it’s a case of deciding how the revenues would be split between the American Indian tribes and the state’s two horse tracks \u2014 Canterbury Park in Shakopee and Running Aces in Columbus.<\/p>\nCan Sports Bets Be Placed In Minnesota?<\/h2>\n