Louisiana’s sports gambling market is almost ready as lawmakers approve new rules
By Bob Garcia
Governor John Bel Edwards now has to sign off on the rules for Louisiana to launch sportsbooks
New and improved rules have arrived in the state of Louisiana, where months ago, many residents gave the green light for sports betting to be legalized. Several rules aimed at allowing betting through sports betting sites, mobile apps, and parish kiosks were introduced yesterday. Being places where voters supported the activity, lawmakers had no problem approving the measures.
After receiving massive support for the vote with a 30-vote difference in the Senate, the regulatory bill led by Senate President Page Cortez now takes flight to reach its next destination, the desk of Governor John Bel Edwards. It is hoped that, once this happens, it will present no snags and that after receiving Edwards’ signature, a path can be cleared so that wagering on sporting events can become a reality before fall arrives. Nearly 86% of all parishes located in the state of Louisiana agreed to allow sports betting on live-action games without any problems.
However, before this could come to pass, legislators had to start working hard on the rules and tax rates, something that is always of great relevance to the state. The bill pertaining to this issue was given the final go-ahead early in the session, which means everything is going smoothly. It was agreed that the state will tax the net gaming revenues of sports betting operators with a 10% tax when it comes to on-site locations while betting through mobile apps and electronic devices will receive a 15% tax. It is not yet clear what this money will be spent on, but legislators already have the issue on the table.