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Minnesota senator files sports betting bill with 40% minimum tax

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Senator John Marty filed Minnesota bill SF 5330 to legalise sports betting, according to the report. The proposal would allow up to 11 mobile apps, set a minimum tax rate of 40% and direct half of tax revenue to the commissioner of human services, including support for gambling treatment and public awareness. The bill had not passed its chamber of origin.

The proposal would set licensing, tax and responsible-gambling conditions for any Minnesota mobile betting market.

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ESPN Bet raises Illinois minimum stake to $1 amid per-bet tax

ESPN Bet raised its minimum Illinois bet from 10 cents to $1 after the state introduced an additional tax of $0.25 or $0.50 on each wager, according to the report. Penn Entertainment CFO Felicia Hendrix said taxes in Illinois and three other states added $10 million to the company's cost guidance for the year. The Illinois Gaming Board says operators should report per-wager fees as sports wagering receipts.

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