Sports betting and fantasy contests authorization provision, sports betting and fantasy contests taxation provision, licenses establishment, and appropriation

SF 3414 legalizes and regulates sports betting and fantasy sports contests in Minnesota. It establishes a licensing system for operators, prohibits local governments from banning these activities, and sets tax rates on sports betting revenue. The bill also creates a new fund for amateur sports grants using tax revenue from these activities. It directly affects sports betting companies, casinos, tribal gaming operators (under existing compacts), and state agencies managing the new tax system.