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Minnesota online sports betting hope just got boosted after an announcement that online sports betting bills, HF2000 and SF1949, have both received unilateral support from state tribes as well as sports teams. The new support from the two groups shows hints that online sports betting will be coming to Minnesota sometime this year. The bills would make provisions for 11 mobile sports betting licenses for state tribes with each requiring an annual licensing fee of $2,125 but partnering providers would need to pay an application fee pf $6,000 and then a fee of $38,250 for a three year license. A quote from the Minnesota Indian Gaming Association about their support for the bills states, “Were your bill to become law, MIGA Tribes believe the resulting mobile and retail markets operated by Minnesota’s Tidal Nations would not only support Tribes, but it would also provide a well-regulated and accessible market for the state’s sports bettors and a competitive market that is important to our state’s professional sports teams and marketing partners.”
DraftKings Earnings in ReviewDraftKings is pushing towards hitting EBITDA profitability in 2024. However, analysts at Roth MKM suggest that while the company has accelerated its cost-cutting measures, it may still […]
