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Lawmakers OK sports betting rules, send to Edwards – New Orleans CityBusiness – New Orleans, Louisiana

New Orleans, Louisiana 2021-06-11 09:35:52 –

A few months after most Louisiana voters agreed to legalize sports betting, lawmakers bet on parish sportsbook sites, mobile apps, and kiosks where voters supported their activities on Thursday. Finally passed the rules that allow.

Ah 33-3 Senate Voting A regulatory bill by Republican Senate Chair Page Cortez was sent to the governor’s desk.I had a house before Vote for 78-15 For legislation.Democratic Governor John Bel Edwards will sign Countermeasures The law paved the way for betting on sporting events as early as autumn.

Fifty-five voters out of 64 parishes in Louisiana agreed to allow sports betting on live-action games, but legislators had to set rules and tax rates before they could start gambling. .. The tax bill passed the final legislature early in the session.

Congressmen have created 20 licenses for sportsbook operators, and Louisiana casinos and racetracks are given the first chance to obtain those licenses. If these casinos and racetracks do not require all 20 licenses by January 1, fantasy sports betting operators and video poker facilities in parishes where sports betting is legal will be eligible for application.

Licensed operators for onsite sports betting can also place bets via the website and mobile app. Louisiana Lottery Corporation operates its own sportsbook through online sites, mobile apps, and kiosk locations in bars and restaurants that serve alcohol.

Those who are interested in betting must be 21 years of age or older and set up an account with a state sports betting operator. You cannot bet on high school or youth sporting events. Athletes, coaches and referees cannot bet on the sporting events they are involved in. People who live in parishes that do not approve sports betting can place bets if they go to a parish where sports betting has been legalized.

The state will tax sports betting operators’ net gaming revenues, tax 10% on onsite bets and 15% on bets via mobile apps and electronic devices. .. Sports betting operators will also be charged an application fee and a license fee. Edwards has already signed a tax and fee bill.

When sports betting begins to make money for the state, 25% of income up to $ 20 million goes to early learning programs for children. Other dollars go to the horse racing industry, local governments, other programs and the general treasury.

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The bill will be submitted as Senate Bill 247.

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