MONROE, Louisiana (KNOE) – Sports betting in Louisiana has officially launched. Governor John Bel Edwards signed two bills on June 22 to bring sports betting to the state. One bill deals with how the state will regulate sports games, while the other deals with how tax revenue will be collected and distributed.
Representative Michael Echols voted for both bills.
“It allows the 15 licensed casinos in the state to serve as its home base. It allows the state’s four racetracks to use a license. And then it also allows a land-based casino in New Orleans.
The state has also approved mobile gaming partners to accompany these 20 licenses. Anyone over the age of 21 in a parish that has approved sports betting as part of a 2020 ballot initiative will be able to place bets through their mobile devices.
“You can always place bets in specific parishes. The home base or the land-based casino where the actual physical assets are located, they will be there to accept these bets statewide.
Additionally, restaurants and bars that serve alcohol can obtain sports betting kiosks operated by the Louisiana State Lottery.
Parishes that have not approved sports betting in Northeast Louisiana include Caldwell, Jackson, Union, Catahoula, Winn, West Carroll, Franklin, and Lasalle.
There will be a 10% tax on in-person betting and a 15% tax on mobile betting. Most of the tax money will go to the general fund while 25% of the money will go to early childhood education. Ten percent of tax revenue will also go to parishes that have authorized sports betting.
A 2019 state study found that sports betting could bring in an additional $ 330 million in tax revenue.
The state hopes the sports betting systems will be up and running by the football season this fall.
Copyright 2021 KNOE. All rights reserved.