Sports Betting as a Major Events Incentive Fund

38 states have legalized sports betting. Republicans in Minnesota are optimistic about adding Minnesota this year. Estimates show it would bring  $80 million in tax revenue. The state plans allocating 50% of that revenue to  support charitable gambling, 25% toward drawing major events to Minnesota (Hello Economic Development), and 20% would go to boost the horseracing industry. 

CBS Minnesota | Sports betting could pass in the Minnesota Legislature this year, but House dispute could threaten that