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609.75.3

Statute ID: 3192

Statute Function ID: 19488

Gambling-What Are Not Bets

In Effect

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Details are only available for Penalty and Charging Statutes.

Statute Number:

609.75.3

Enactment Date:

Jan 1, 1859

Effective Date:

Jan 1, 1859

Expiration Date:

Repealed?:

Summary Text:

Gambling-What Are Not Bets

Statute ID:

3192

Created:

Sep 1, 2006 by mnjis.legal.analyst@state.mn.us

Updated:

Sep 1, 2006 by mnjis.legal.analyst@state.mn.us

Last Update Action:

System

Legal Analyst Comment:

Summary Text:

Gambling-What Are Not Bets

Link to MN Statute Text:

https://www.revisor.leg.state.mn.us/stats/609/75.html

Legislative Session:

0 - NA

Session Law Text?:

Statute text last updated on:

Sep 1, 2006

The following are not bets:
(1) A contract to insure, indemnify, guarantee or otherwise compensate another for a harm or loss sustained, even though the loss depends upon chance.
(2) A contract for the purchase or sale at a future date of securities or other commodities.
(3) Offers of purses, prizes or premiums to the actual contestants in any bona fide contest for the determination of skill, speed, strength, endurance, or quality or to the bona fide owners of animals or other property entered in such a contest.
(4) The game of bingo when conducted in compliance with sections 349.11 to 349.23.

(5) A private social bet not part of or incidental to organized, commercialized, or systematic gambling.
(6) The operation of equipment or the conduct of a raffle under sections 349.11 to 349.22, by an organization licensed by the Gambling Control Board or an organization exempt from licensing under section 349.166.

(7) Pari-mutuel betting on horse racing when the betting is conducted under chapter 240.
(8) The purchase and sale of state lottery tickets under chapter 349A.