55 Parishes to get sports betting

What’s happening? Louisiana first asked its voters to decide whether each parish would allow sports betting 55 said yes. This year, the Legislature passed rules for sports betting. There will be 20 licenses, regulation will be by the Louisiana Lottery Corporation, and mobile betting is a go. SB 247 (2021 | LA)

Why is this important? Preemptive voter approval, approval through Indian gaming compacts, or approval by adding sports betting to the state budget. States are passing sports betting in creative ways.

How will this be important? Louisiana staggered tax rates, so let’s take notes. 10% tax collected on wagering at onsite locations and a 15% tax on wagering through mobile apps. It also dedicates 25% of tax revenues to early learning programs for children

AP | Louisiana lawmakers OK sports betting rules, send to Edwards