Sports activities betting is coming to Louisiana: 9 issues it’s good to know

A FanDuel advertisement is seen as the New Orleans Saints battle the Washington on November 15, 2015 at FedExField in Landover, Maryland. (Photo by Patrick Smith / Getty Images)

Louisiana residents will be able to place bets on sports as early as the fall after Louisiana legislators overwhelmingly approved a framework for legal sports betting.

Governor John Bel Edwards has endorsed sports betting and is expected to sign related laws.

Below are some facts you should know about Louisiana’s sports betting schedule:

You should be able to place bets in person at casinos, racetracks and bars

Louisiana will issue 20 sports betting business licenses and allow the Louisiana Lottery to hire an outside company to run an additional sports betting operation, so Senate Act 247.

The state’s 16 casinos and four slot machine racetracks will have their first attempt at sports betting on their premises. If they are not interested, video poker outlets – often called truckstop casinos – can apply to operate sports betting.

The Louisiana Lottery will oversee all sports betting kiosks in bars and restaurants that serve alcohol. There is no limit to the number of bar and restaurant locations that are allowed to offer sports betting on-site.

Sports betting on mobile phones will also be available in 55 of 65 municipalities

Sports betting will also be available online and via mobile phone apps in 55 of 64 Louisiana parishes – all of the places where residents voted to allow sports betting in their communities last fall.

A person must be physically in one of the communities that allow sports betting in order to place a bet. If a person enters a community without sports betting, the betting websites and apps will not work.

Casinos, racetracks, and the Louisiana Lottery are expected to own the sports betting websites and mobile apps that are allowed in Louisiana.

You must be 21 years old to place a sports bet

Sports betting providers must use reasonable efforts to ensure that anyone placing a bet – whether in person or via the internet – is not under the age of 21.

You can’t bet on high school sports, many athletes under the age of 18

Louisiana residents can wager on all types of professional, college, and amateur sports, including international competitions. But high school sporting events and sports that involve mostly underage athletes are banned under legislation sponsored by Senate President Page Cortez, R-Lafayette.

The state will also prohibit players, referees and coaches from placing bets on sporting events they attend.

You can bet on game results – but also play within games

A person can bet not only on the results of games or seasons, but also what happens within games while playing. People will be able to place short term bets on actions that take place within minutes – like how far a player can shoot a ball.

Some types of bets are prohibited. It is not possible to bet on injuries to athletes or the outcome of disciplinary proceedings.

The Gaming Control Board will be able to suspend bets on “integrity concerns” events

Senate Act 247 contains provisions that enable the game control authority to intervene if they fear that a game or sporting event could be played or influenced by betting.

Part of the income from sports betting is to be used for people with disabilities and for early childhood education

Sports betting must pay taxes on the money made after the winners are paid out. The tax rate is 10 percent on income from personal betting and 15 percent on income from mobile and online betting House bill 697.

Legislative financial analysts were unable to estimate how much tax revenue sports betting could generate in Louisiana. Mississippi amassed $ 5.3 million in tax revenue from sports betting in a full year of operations prior to the novel coronavirus pandemic, but Mississippi’s sports betting rules are also more restrictive than the rules Louisiana is trying to put in place.

The legislature has a preliminary plan for how the money made with sports betting will be divided – which still needs the final approval of the legislature.

The money from the Louisiana Lottery sports betting operation – which will be available in bars, restaurants, and on the internet – will go to K-12 schools and programs for people with intellectual disabilities.

Most of the revenue from the sports betting tax expected at casinos and racetracks will come from free state funds, but lawmakers currently plan to allocate 39 percent of the funds for specific purposes.

Senate Act 142, by Senator Rick Ward, R-Port Allen, will use one percent of that revenue to treat gambling addiction, one percent for racetrack wallets, two percent for services for people with disabilities, 12 percent for local governments that include casinos and Racetracks, and 25 percent to early childhood education programs. Ward has set a cap of $ 10 million to fund early childhood education. If this threshold is reached, funding is released.

Unclaimed profits are used for medical examinations of rape victims

Any winnings not claimed by an individual will be sent to the state’s Victim Restitution Fund and used to reimburse hospitals for forensic medical examinations and DNA analysis of rape victims in connection with rape cases. The better ones have six months to pick up their prize.

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