Marty Preaches Dangers of Problem Gambling
The January 8 hearing won’t be the first time Marty will speak on the dangers of problem gambling. The Minnesota lawmaker has been vocal about the issue over the last few years. His concerns have been proven valid as states with legal sports betting continue to struggle with the problem.
Last year, the senator decided to introduce his own sports betting bill. While the bill would have legalized the industry, operators would have been taxed at 40%. About three-quarters of the tax revenue generated would have been dedicated to problem gambling initiatives. Reports suggest Marty could reintroduce the bill again in 2025, though it remains without much support.
Hearing Could Have Huge Impact on Debate
The positives of legal sports betting are well known. States have been willing to risk spikes in problem gambling to generate stunningly large tax revenues. Proponents of the industry have argued that the money generated for state programs outweighs the dangers, but Marty is looking to change that perception.
While the dangers of problem gambling have long been known, the damage has become especially apparent over the last two years. This has lawmakers scrambling at every level, making it a hot topic in the industry. This will lend weight to Marty’s hearing and could prove fatal for the state’s chances of legalizing sports betting in 2025.
Sports Betting Gaining Momentum
While the opposition remains staunch, sports betting supporters are gaining more strength. One reason for the growth is a deal between the state’s federally recognized tribes, racing tracks, and charities. The three sides have clashed over the rights of the industry. While those debates have not been resolved, all three sides are willing to figure them out if a sports betting bill is passed.
While the first sports betting bill of the 2025 session has yet to be introduced, State Senator Jeremy Miller has pledged to help do so.
