Sports betting in Louisiana expected by football season

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Gov. John Bel Edwards this week signed legislation allowing sports betting after voters in 55 of the state’s 64 parishes cast ballots in favor of it in a referendum last fall.

The laws take effect July 1 with the expectation that everything will be in place by the time football season starts. Louisiana becomes the 32nd state to permit wagering on sports.

The three pieces of legislation received a great deal of support from lawmakers. As The Center Square reports, the bills put in place the process for casinos to apply for the necessary licenses, build sportsbook parlors on site for in-person gambling and work with contractors to allow for betting using smartphones or laptop computers.   

The state’s 20 existing casinos, primarily on riverboats along the Mississippi River, will need to pay $250,000 to apply for a license. If approved, it will cost them an additional $500,000 for a five-year license. 

The bills also allow the Louisiana Lottery Corp. to place betting kiosks in bars and restaurants that serve alcohol. Those kiosks, along with betting from phones and computers, will be allowed only in the 55 parishes that approved the referendum.

Bets placed at casinos will be taxed at 10% and those done via phone or computer will be taxed at 15%. The taxes will apply to money left over after winning bets are paid. Read the full story.  

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