Notice for Minnesota residents

Below is an email sent to Minnesota residents on November 13, 2019.

Dear Minnesota resident:

Beginning on Wednesday, Nov. 13, HorseTourneys and HorsePlayers will make an operational change that will impact Minnesota residents.

Minnesota is a state, among several, that requires separate account wagering licensing in order to legally accept online wagers on horse racing. HorseTourneys and HorsePlayers operate under the Minnesota account wagering license of Xpressbet, with whom we maintain an official affiliate partnership.

All account wagering providers operating in the state of Minnesota must pay source market fees back to the state and its racing associations. We have recently reached agreement with the Minnesota Racing Commission and Canterbury Park, which requires us to pay a percentage of all entry fees from Minnesota residents played at either HorseTourneys or HorsePlayers.

Our current takeout structure does not allow us to absorb this additional source market fee. To account for these fees, effective Wednesday, Nov. 13, a 4.5% fee will be added to all DEPOSITS of Minnesota residents at either HorseTourneys or HorsePlayers. The individual tournament entry fees will remain the same. This fee will be separately noted at the time of your deposit confirmation.

While we regret that Minnesota residents are affected, please understand that these fees are obligatory for us to operate in compliance in your state.

If you have any questions, please feel free to reach out to us at support@horsetourneys.com.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s