Sports Betting Nears Goal Line in Louisiana as Legislature Enters Final Week

With a calendar week left hand inward the Pelican State legislative session, bills to earmark sports betting are making their way to the governor’s desk for approval. This means boast betting, including on smartphones, could follow sound inward the tell past football season.

The province House of Representatives on Th was circle to turn over Senate Bill 247, sponsored by Senate President Sir Frederick Handley Page Cortez (R). The bank note would require the state’s 13 riverboat casinos, I land-based cassino inward New Orleans, and 4 racinos to pay off $250,000 to go for for a permit to mark up a sports betting operation, according to The Advocate newspaper.

The bank note allows for 20 sports betting licenses. However, ace riverboat casino in Northwestern Louisiana has shut permanently. Another in the southwestern component part of the province was damaged in a hurricane that ripped through Lake Charles I in conclusion year. The Lake Jacques Charles gambling casino is expected to reopen by 2022.

The casinos that clean-cut the vetting unconscious process would make up $500,000 for a permit that lasts five years. The bank note by the Marquis de Lafayette senator allows for wandering sports betting and on-site wagering. The casinos inwards the body politic are expected to construct sportsbooks.

In November, voters inwards 55 of Louisiana’s 64 parishes approved a ballot measure allowing sports betting within the boundaries of their parish. The appraise did non specialize whether bettors could utilisation their smartphones to property a wager. That government issue was left wing for lawmakers to decide this session. The two-month legislative session at the Capitol Building inward Baton Rouge runs from April 12 to June 10 at 6 pm.

Tax Rates Set

Gov. Gospel According to John B Jonathan Edwards (D) already has ace summercater betting account awaiting his signature. The House and Senate earliest this session sanctioned House Bill 697.

This bill, sponsored past Rep. St. John Stefanski (R), sets a 10 percent tax range on sports bets property interior casinos and other establishments, such as bars, where wagering would be allowed. The assess place is 15 percent if a play is placed on a smartphone or computer.

The tax, inward both instances, would live on the amount left wing o'er after winning bettors get been paid. The revenue would tour into the Sports Wagering Enforcement Fund managed by the commonwealth treasury, The Advocate reported.

Another measure, Senate Bill 142 past Sen. Rick Barbara Ward (R), was approved in the Senate on a 33-3 ballot Wednesday. It at present heads to the House for consideration. This measure would learn where the revenue from sports betting is to live spent. Estimates are that sports betting could play $10 trillion to $50 billion into the say treasury.

Under SB142, ace percent of the proceeds would depart to the Behavioral Health and Wellness Fund, patch 20 percent would live earmarked for the Louisiana Early Childhood Education Fund. Another 10 percent would lead to participating parishes. One percent would spell to the State Racing Commission. The residual would follow localise aside inward the nation general monetary fund to be used for purposes that legislators concord upon every year.

No Mobile Betting Nearby

If approved, as expected, Pelican State would be the only when tell inward the region with sound peregrine sports betting.

Two bordering states, Arkansas and Mississippi, allowed in the flesh(p) sports betting within casinos. Mobile sports betting could occur inward AR and Magnolia State if the wagerer were using an app piece on casino property. However, none of the casinos inwards either res publica extend that service.

Texas does not appropriate sports betting and does non hold legal commercial casinos.

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