Minnesota SF4714: Advance deposit wagering definition modification

What the bill says

A bill for an act relating to pari-mutuel horse racing; modifying the definition of advance deposit wagering; providing for certain advance deposit wagering proceeds; amending Minnesota Statutes 2024, sections 240.01, subdivision 1b; 240.131, subdivision 6.

From the introduced text, March 19, 2026:

A bill for an act relating to pari-mutuel horse racing; modifying the definition of advance deposit wagering; providing for certain advance deposit wagering proceeds; amending Minnesota Statutes 2024, sections 240.01, subdivision 1b; 240.131, subdivision 6. Section 1. Minnesota Statutes 2024, section 240.01, subdivision 1b, is amended to read: Subd. 1b. Advance deposit wager. "Advance deposit wager" means a wager placed through an advance deposit wagering provider on a horse race deleted text begin that is conducted outside of the statedeleted text end . Sec. 2. Minnesota Statutes 2024, section 240.131, subdivision 6, is amended to read: Subd. 6. Source market fees; payment; distribution. (a) It is the intent of the legislature that the proceeds of advance deposit wagering authorized by this chapter be used to support and improve the horse racing industry in Minnesota by improving purses, supporting breeding, and ensuring that the industry is adequately regulated for the protection of all participants. (b) Source market fees shall be established by contract and are in addition to other contractual fees such as host fees. (c) Except as provided in paragraph deleted text begin (e)deleted text end new text begin [ADDED: (f)] new text end , a class A or class B licensee shall pay all source market fees it receives from an ADW provider as and (2) 72 percent to …

Read the full official text

Sponsors

• Eric Pratt (R) · primary sponsor
• Nick Frentz (D)

Latest actions

1. March 23, 2026: Referred to State and Local Government
2. March 23, 2026: Introduction and first reading

Common questions

What is SF4714?

SF4714 is a bill in the Minnesota Legislature (94th Legislature 2025-2026): Advance deposit wagering definition modification.

What does SF4714 do?

In its own words: A bill for an act relating to pari-mutuel horse racing; modifying the definition of advance deposit wagering; providing for certain advance deposit wagering proceeds; amending Minnesota Statutes 2024, sections 240.01, subdivision 1b; 240.131, subdivision 6.

What is the status of SF4714?

In committee as of March 23, 2026. Latest action: Referred to State and Local Government (March 23, 2026).

Who sponsored SF4714?

Eric Pratt (R), with 1 co-sponsor.

Where is the official record for SF4714?

On the Minnesota Legislature website: https://www.revisor.mn.gov/bills/bill.php?f=SF4714&y=2025&ssn=0&b=senate