The gambling industry is salivating at the prospect of fully legal sports betting in Minnesota, which offers a market of millions of fans rooting and potentially betting on teams from professional sports leagues and universities.
The revenue potential for these companies is huge: From mid-2021 to mid-2022, Minnesotans spent over $4 billion on pull-tabs — both paper and electronic, according to the Minnesota Gambling Control Board. And legal sports gambling here would likely mean far more money for the house given the added excitement of live sports: Americans wagered nearly $80 billion on legal sports betting from January to November of 2022, according to Sports Handle, a trade publication.
