Top Minnesota Online Sportsbooks
When Minnesota puts the final touches on launching regulated sports betting, there's going to be a massive rush of companies setting up shop in the state. There are a few different companies that have shown a willingness to move into every legal market and start running a sportsbook.
We can expect Minnesota to be the same, with the usual suspects moving into the market. Let's meet them.
DraftKings Sportsbook MN
DraftKings started as a daily fantasy sports company based out of Boston but has evolved into one of the largest sports gambling companies in the United States. DraftKings is in the vast majority of legal markets as they aggressively go after licenses.
FanDuel Sportsbook MN
FanDuel is another company that started as a daily fantasy sports company, this time in New York. They are also creating partnerships, such as one with the NHL, to live stream games within their app.
BetMGM Sportsbook MN
MGM is one of the largest brands across entertainment and that strong brand loyalty means that gamblers rush to sign up for their sportsbook in droves. The loyalty program is very nice with BetMGM as the reward points can be redeemed for many different experiences.
Caesars Sportsbook MN
Caesars is another famous entertainment brand and they have also developed a sportsbook that has launched in many different legal jurisdictions. They are known for having some of the biggest and best promotions in the industry.
BetRivers Sportsbook MN
Last but not least, BetRivers is another option for gamblers that we can expect to see in Minnesota. While they don't have the same brand recognition as the other names on this list, they've established themselves as a very solid option.
Is Sports Betting Legal in Minnesota?
While sports betting isn't legal just yet, it's well on its way. Minnesota lawmakers have been working on sports betting bills that will allow for a legal market in the state. Legalized sports betting isn't far out for Minnesotans. Right now, the Minnesota Indian Gaming Association has a lot of power in terms of shaping the direction of this sports betting bill.
Legal sports gambling in Minnesota will likely look very similar to how it is in many other states around the country. Expect live betting, mobile betting, and same-game parlays to be allowed.
Mobile Sports Betting Apps in Minnesota
While mobile sports gambling has become a favorite way for many gamblers to bet across the country, it is a point of contention in terms of legal sports wagering in Minnesota. There is fear that allowing mobile sports betting could have a severe negative impact on the performance of the brick-and-mortar casinos in the state.
While it's still not 100% clear if mobile sports betting will be allowed in the Minnesota sports betting bill, it's likely due to how much gamblers enjoy it.
MN Sports To Bet
There are lots of different options in terms of sports for gamblers in Minnesota.
The NFL is one of the most wagered upon sports as gamblers rush to place money on their favorite team every Sunday. The Super Bowl acts as Christmas for plenty of bettors with all the different exotic prop options. As a league, the NFL has become much more open to gambling and signed partnerships with multiple sportsbooks.
The NBA is one of the fastest-growing sports leagues around the world and plenty of its fans also enjoy gambling on the fast-paced game. There are tons of different bet types that gamblers use for NBA betting and the league has signed gambling sponsors as well as set up initiatives like NBABet to further the gambling component.
America's pastime is another sport that gamblers in Minnesota will have the option of gambling on. The MLB has partnerships with both DraftKings and BetMGM as gambling partners.
Minnesotans love hockey and betting on the NHL is likely to be extremely popular in the state once sports gambling goes live. The NHL has been slow to come around on gambling but has made progress in recent years with multiple partnerships with large sportsbook operators.
College Sports Betting
While the NCAA is slightly more against sports betting than the professional leagues for obvious reasons, college sports are still super popular among gamblers. College football and basketball stand out as massive betting markets above the rest.
Minnesota Teams To Bet
Minnesotans' love for their teams shows no bounds. With five teams in the state, there are plenty of options to bet on your favorite Minnesota teams.
The Vikings are the resident NFL team in Minnesota and their history has been one filled with heartbreak. The NFL is leading sport to place a wager on. You can be sure that Minnesota bettors will be ready to place their bets on the Vikings.
The Timberwolves are another team that is popular in Minnesota. They play in the NBA and have an exciting young core that looks to grow together over the near future. The NBA is one of the most exciting leagues and you can be sure that plenty of people will bet on the Timerberwolvves when sports gambling is legalized.
The Minnesota Twins have three World Series championships over the course of their history, making them one of the most successful franchises in Minnesota. Because baseball has such a static structure, there are plenty of opportunities to make wagers and place live bets.
As mentioned above, hockey is immensely popular in Minnesota, and when legal sports gambling arrives, the Wild will be one of the most bet on teams. This Wild team is an expansion franchise from the turn of the 21st century and they've never had a large amount of team success.
Last but not least, Minnesota FC is another franchise in the state that has plenty of fans. They only started in 2017 yet they attract big crowds and have made the playoffs for most of their brief history.
Promotions & Offers At Minnesota Online Sportsbooks
The different sportsbooks are all competing against each other for customers and one way they attract new customers is by offering promotions and bonuses. As long as Minnesota bettors have access to a legal sports betting platform, you can almost guarantee promos will be available. These promotions take different formats and here are the most common explained.
Risk-free bets are pretty self-explanatory as the sportsbook will offer a bet credit equal to the value of your bet if your original wager loses. This is pretty common to see as a welcome bonus from many of the most popular sportsbooks. When Minnesota sports betting launches, we expect to see at least one operator offer this kind of promotion.
Deposit matches mean that sportsbooks will provide you with bet credits equal to the value of your deposit. This means that if you deposit $200, the sportsbook will provide you with another $200 in bet credits.
Referral bonuses are common across many industries and sports gambling is no different. If your friend signs up using your referral code, you will be given a percentage of the value of their first deposit.
Boosted odds are another popular type of promotion. This works when MN sportsbooks pick a game and shift the odds towards the gambler. This means that there is now much more value in this bet for the gambler. Often there is a maximum bet limit on wagers with boosted odds.
Parlay insurance gives gamblers a chance to have their stake returned if they lose their parlay by just one leg. All gamblers know that feeling of missing out on the big parlay win by one leg and this insurance helps reduce that pain.
Choosing The Best Minnesota Online Sportsbook?
Everyone has different characteristics that they value in an online sportsbook. Below we go over some of the most important things to value. Your sportsbook of choice should be balanced across all the categories that you value most.
The first thing to check is the reviews that have been left by bettors who used the sports betting site before you. Reviews can be found all over the internet and it's a good idea to check them out before choosing an online wagering sportsbook.
You want to make sure that the Minnesota sportsbook you choose has a good variety of bets allowed, both in terms of bet types and betting markets. Being limited to certain sports or bet types is not a good feeling and you want to make sure that you have every option possible.
Great Pricing On Betting Lines and Odds
Amature gamblers may not appreciate the value of good pricing in betting lines and odds. Different sportsbooks have small differences in their odds and this can result in a massive difference in profit over time.
Frequent Sports Betting Bonuses
It's a great feeling as a gambler when you receive a bonus or promotion from the sportsbook that you wager at. The frequency of Minnesota sports betting bonuses is one crucial area to examine before signing up with an operator.
Excellence In User Interface
When you open your sportsbook, you want it to be easy to find everything that you're looking for. From the different sports to the different web pages, the interface is a crucial part of the user experience.
Easy Deposits & Withdrawals
Banking with online sportsbooks can be stressful and having lots of different easy deposit and withdrawal pathways is super important. You never want to feel as if you cannot move your money in or out of your account.
Variety of Customer Support
If you do have an issue with the operator, you want to make sure that you can contact someone to get your problem fixed. The best customer support systems have multiple channels that can be used for different types of issues.
Why Sign Up For Multiple Minnesota Sportsbooks
When picking a Minnesota sportsbook to sign up with, it's a good idea to create accounts with multiple sites. There are a few different reasons for this that will be covered in this section.
Get the Best Line
The different sportsbooks will have slightly different odds. By comparing these odds against each other and picking the best one, you easily create more value for yourself without doing much work.
Intro Betting Bonuses
The welcome bonus and promotion will always the best and largest. Taking advantage of these at multiple sportsbooks will result in lots of deposit matches and free bets.
Some MN sportsbooks are limited in their bet offerings and they might not carry everything you want to bet on. By signing up with multiple different operators, you ensure that you have access to the most games possible.
Feel the Sportsbook
After spending some time with a sportsbook, you will get a better idea of the feel of the product and become more comfortable. Signing up at multiple sites means that you will find one where you enjoy the feel.
Every sportsbook will have its own set of rules. Signing up at multiple ones ensures that you never get burned by a specific rule held by one sportsbook.
Available Sports Wagers At Legal Minnesota Online Sportsbooks
Expect a wealth of bet types offered when Minnesota sports betting launches in the future.
The moneyline is a bet on a team to win the game. Whichever team is the winner at the end of the game will see its moneyline bet win. This is one of the simplest bets that gamblers can make.
Parlays work by combining multiple bets into a single ticket. The advantage of doing this is that the odds increase exponentially, but the downside is that if even just one of the bets in the parlay loses, the entire ticket is a loser.
Totals bets are a bet on the total scoring in the game by both teams. Before the game, sportsbooks will release a line that represents the total predicted scoring of both teams. Gamblers can then bet if the game will go over or under that number.
Point spreads are a tool used by sportsbooks to even the playing field between two teams of different strengths. The better team will need to win the game by a certain amount of points while the weaker team can still lose and have their point spread bet win, as long as they finish within that number.
Futures bets are wagers placed on events that are far into the future. These are generally on major sporting events such as championship games or major individual awards. The return on these bets is usually quite good as it's difficult to predict sports events so far in the future.
Prop bets are wagers on the smaller events within a game. These can include everything from betting on the performance of individual players to betting on random events. The Super Bowl is well-known because of the diversity in prop bets.
Live bets are wagers on a game that is currently happening. Most sportsbooks will offer all the same betting markets live as they did before the game began. This is an increasingly popular way to bet; especially with mobile wagering.
Certain jurisdictions do have rules that prohibit certain bets. These can include college games played within state lines or other special rules. It's yet to be seen what these might be in Minnesota.
Other Minnesota Betting Options
While we wait for sports betting to go live, here's a breakdown of other forms of wagering in Minnesota.
Daily Fantasy Sports
There are daily fantasy sports operators in Minnesota such as FanDuel and DraftKings. However, these companies operate in a grey market as the activity isn't fully regulated in the state. Daily fantasy sports involve gamblers building lineups and receiving rewards based on those players' performance over a single day.
Horse racing is legal in the state of Minnesota and there are a few tracks that feature races. This is one of the oldest versions of gambling that exists in the state and also a very popular one.
It is possible to bet on elections in the state of Minnesota but it must be done through an offshore grey market sportsbook. Because there are no active legal sportsbooks in Minnesota, it's not possible to make political bets through the regulated market.
Pop Culture Ceremonies
Similar to the political bets above, pop culture betting can only be done through the grey market sportsbook. This could change in the future when Minnesota decides to legalize sports betting.
Esports is one of the fastest-growing niches in the sports gambling industry. When legal sports betting arrives in Minnesota, esports will be included for everyone to place bets on.
MN Online Sports Betting Legislation
The legislation for online sports wagering in Minnesota has been slowly moving through the system. This process started in 2019 and is likely to finish sometime in 2022 or 2023. We are hoping the Minnesota legislature will pass the house bill within the coming months. Surely avid bettors feel the same way!
Minnesota Sports Betting Revenue Projection
Most estimates put the revenue from legal sports betting in Minnesota to reach somewhere between $30-100 million per year. This would mark a great opportunity for the state to tax the activity and use the money for other education, healthcare and other community projects.
Minnesota Legal Online Sports Betting Tax Rate
One of the largest benefits for the state and a great motivation to legalize sports gambling is that they can tax the activity. State lawmakers constantly bring up that fact when discussing the benefits of a bill like this.
Another tax worth mentioning is what you might have to pay on winnings. Gambling winnings in Minnesota are taxed as income. As of now, we are unsure about what the tax rate would be for bettors. The committee that will oversee sports betting will have to consider a number of things before any decisions are made.
Who Regulates Minnesota Sports Betting Sites Regulated?
While there are no current regulated sports betting sites in Minnesota, with legalization that will change. When that happens, the Minnesota Gambling Control Board figures to play a large role in regulating sports betting activity in the state. Another group that will have a large say is the Minnesota Indian Gaming Association.
These two groups will play large roles in the legal sports gambling market in Minnesota. They will control many of the laws and rules that surround an activity like sports betting. The Minnesota Gambling Control Board already plays a large role in:
Minnesota Sports Team Partners
Only one team in Minnesota currently has a team partner, though that should change soon.
Minnesota Timberwolves - BetWay
In October 2021, the Minnesota Timberwolves and BetWay entered a multi-year deal. The Timberwolves are the only one of the many professional sports teams to ink a deal like this so far. The deal means that BetWay advertising is displayed during Timberwolves' games as well as other methods of spreading the BetWay brand to Timberwolves' fans.
Deposit and Withdraw from MN Sports Betting Sites
There are plenty of different banking methods that will be offered to gamblers to deposit and withdraw money from their account. It's important to be aware of and have access to a few of these methods to ensure that you always have the ability to move money around. You don't want to be in a situation where you cannot access your money.
The safety of these banking methods is guaranteed in a legal market as the casinos and sportsbook operators will need to follow strict regulations. This is another one of the many benefits of a legal market.
How Minnesota Sports Betting Compares to the Other Legal States
While Minnesota doesn't have legal sports gambling quite yet, they will have the benefit of learning from other states. They can look at how the legal markets have developed in other states and take the positives and apply them to their own legislation.
The Minnesota legal sports gambling bill has faced some opposition and that may lead to the first edition missing some elements that gamblers want to see. One thing that may be a casualty is mobile betting because of the fear that it will cut into casino profits. This would be a loss for the Minnesota market, yet hopefully something they could rectify after.
Retail Sports Betting VS Mobile Sports Betting
Retail sports betting, or the act of visiting a brick and mortar location, compared to betting on a mobile app is a debate that has pros and cons for each side. The convenience of betting from your phone is something that is difficult to beat yet the atmosphere of retail betting adds to the experience.
It's a personal preference as to which method is better but mobile sports betting is quickly gaining popularity around the country. In many ways, it's leading to a decline in retail sports betting, something that may make Minnesota less likely to roll it out right away.
Minnesota Legal Sports Betting Legislation Timeline
- 📆 April 2022: The Minnesota Ways and Means Committee approved House Bill HF 778. This will regulate retail and online sports betting run by Minnesota's 11 Native American Tribes.
- 📆 March 2022: Zach Stephenson introduces a bill to legalize retail and mobile gambling with the state's tribes. Bill passes through two committees.
- 📆 February 2022: Senator Roger Chamberlain introduces bill to legalize retail. and mobile sports betting.
- 📆 February 2022: House speaker Melissa Hortman says that odds got a sports betting bill are "50/50" .
- 📆 March 2020: Sports gambling legislation is killed before it can get off the ground.
Where To Bet in Minnesota Now
Currently, there are no legal and regulated options for sports wagering in Minnesota. However, gamblers can visit one of the numerous casinos run by the Minnesota Indian Gaming Association for other types of gambling including casino games.