SF3152

Purpose of the Bill

The purpose of this bill is to allocate funds generated from electronic pull-tab gambling activities to improve stadium facilities in Minnesota. It outlines a funding mechanism contingent on additional revenue generated from these gambling activities.

Main Provisions

• Annual Revenue Calculation: By March 15, 2026, and annually thereafter, the bill mandates the commissioner, together with the commissioner of management and budget, to calculate the difference between revenue generated by electronic pull-tabs in the previous fiscal year and a base year (fiscal year 2024).

• Appropriation of Funds: If the calculated revenue difference is positive, a percentage of this additional revenue, up to a specified maximum amount, will be appropriated annually by August 1 from the general fund to the Minnesota Sports Facilities Authority. This money is intended for stadium improvements.

• Adjustment of Maximum Amount: Starting July 1, 2026, and each subsequent year, the maximum amount that can be appropriated will be adjusted based on a specific formula and rounded down to the nearest $50.

Significant Changes to Existing Law

• This bill introduces a new subdivision to Minnesota Statutes 2024 section 297E.02, detailing the appropriation mechanism and linking it directly to the financial performance of electronic pull-tabs.

• It defines fiscal year 2024 as the base year for revenue comparison and sets a maximum appropriation amount of $20,000,000 annually.

Relevant Terms

electronic pull-tabs, charitable gambling, Minnesota Sports Facilities Authority, stadium improvements, appropriation, fiscal year, general fund, revenue calculation.