{"id":4982,"date":"2023-05-09T00:00:00","date_gmt":"2023-05-09T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/america\/minnesota-pushes-track-races-betting-approval-its-on-track\/"},"modified":"2023-05-09T00:00:00","modified_gmt":"2023-05-09T00:00:00","slug":"minnesota-pushes-track-races-betting-approval-its-on-track","status":"publish","type":"america","link":"https:\/\/www.mundovideo.com.co\/en\/america\/minnesota-pushes-track-races-betting-approval-its-on-track\/","title":{"rendered":"Minnesota pushes track races betting, approval it\u00b4s on track"},"content":{"rendered":"<p><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Track operators are still pushing to be able to expand the type of betting they can offer if the Legislature decides to expand gambling into sports<\/span><\/span><\/span><\/p>\n<p><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Senate Democrats are betting that cutting horse racing tracks in on some of the revenue from sports wagering will bring the political support needed to approve a broad expansion of gambling in Minnesota.<\/span><\/span><\/span><\/p>\n<p><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Lawmakers have debated legalized sports betting for years, but the issue hasn&rsquo;t gotten much attention during this year&rsquo;s legislative session with Democrats in control of state government with a long list of other priorities.<\/span><\/span><\/span><\/p>\n<p><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">A&nbsp;<\/span><\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><span style=\"color:#000000\">bill that would legalize sports gambling<\/span><\/span><\/span><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">&nbsp;was modified Wednesday by the Senate state government committee to funnel as much as 30 percent of the tax revenue from the new wagering into an economic development fund to aid the horse racing industry. <\/span><\/span><\/span><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><em>&quot;It recognizes that a new form of gambling, like mobile sports betting, may have a negative impact on horse breading and racing,&rdquo; <\/em><\/span><\/span><\/span><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Sen. Matt Klein, DFL-Mendota Heights, who is the primary sponsor of the bill in the Senate, said about the recent changes.<\/span><\/span><\/span><\/p>\n<p><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Klein said he hoped earmarking gambling tax revenue to help the horse racing tracks would ease concerns lawmakers have on how legalizing sports betting would impact existing gambling businesses. Democratic-Farmer-Labor Party members have a one-seat majority in the Senate so they&rsquo;ll need every vote unless they can win over some Republicans.<\/span><\/span><\/span><\/p>\n<p><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The bill still gives Minnesota&rsquo;s American Indian tribes exclusive control of sports wagering, including online, although they would likely partner with one of the big smartphone betting applications.<\/span><\/span><\/span><\/p>\n<p><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The Minnesota push for legalized sports betting began after the U.S. Supreme Court struck down state prohibitions on sports wagering in 2018. About half the states now allow some type of sports betting, including all of Minnesota&rsquo;s neighbors.<\/span><\/span><\/span><\/p>\n<p><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Lawmakers have struggled to advance a sports betting bill under divided government because Republicans wanted horse tracks and sports teams to see some of the action. Democrats prefer the state&rsquo;s 11 American Indian tribes have sole oversight of sports wagering.<\/span><\/span><\/span><\/p>\n<p><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The horse racing economic development fund proposed by Klein could see as much as $20 million in state revenues initially from taxes on sports betting. After that a maximum of $3 million a year would be set aside for the horse racing industry.<\/span><\/span><\/span><\/p>\n<p><span style=\"color:#000000\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Advocates for the horse tracks acknowledged the attempt to ease concerns about the impact on their industry, but they said the money is not enough to make up for what is expected to be a drop in revenue if sports wagering becomes legal.<\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senate Democrats are betting that cutting horse racing tracks in on some of the revenue from sports wagering will bring the political support needed to approve a broad expansion of gambling in Minnesota.<\/p>\n","protected":false},"author":1,"featured_media":4983,"menu_order":331,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[],"class_list":{"0":"post-4982","1":"america","2":"type-america","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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