- Louisiana sports betting bill SB 247 has been voted to move forward by the House Committee on Administration of Criminal Justice.
- The bill now awaits votes from the House of Representatives.
- This makes sports betting one step closer to launch in Louisiana.
BATON ROUGE, La. – Sports betting fans in Louisiana may soon see the launch of their regulated market as another sports betting bill moves forward.
The House Committee on Administration of Criminal Justice has reviewed and approved SB 247 to move on to the House floor to be voted on. The bill passed in the Senate earlier in the year.
SB 247 is the regulations bill, which sets the framework for the Louisiana sports betting market.
Louisiana Bills Moving
House Reps will vote on this SB 247 before the June 10 adjournment date. The House needs a two-thirds majority in order for the regulations to pass fully.
Louisiana lawmakers are hoping to have the market officially launch before the start of the 2021 NFL season in order to capitalize on NFL betting.
There is growing optimism that all the bills will successfully pass their final votes and become law. Louisiana has a lot of growing support for the new market from lawmakers, residents, and local firms who see the statewide benefit of a legal sports betting market.
Directing the revenue from sports betting into the Early Childhood Education Fund will not only provide our state with an ongoing source of revenue to expand access to quality ECE, but also incentivize local entities to come to the table with a $ to $ match. #InvestinECE pic.twitter.com/gXGntYL3Sa
— LA Policy Institute (@PolicyInstLA) May 18, 2021
The Louisiana Gaming Control Board will be in charge of the regulated market. The Louisiana Lottery Corporation will be able to launch its own mobile platform for residents, however, following an amendment in the House.
Retail sportsbooks will be taxed 10% while mobile and digital sports betting operations will be taxed 15%-18%.
The foundation for the sports betting market in Louisiana has already been set, so all betting fans are waiting on is the official passage of these bills. Louisiana is now closer than ever to launching regulated sports betting.
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Coming from a background in narrative-based writing, Giovanni strives to write stories that will keep the reader engaged. Although he does pride himself in being accurate, how the story is told is also very important to him. When he’s not keeping readers up to date on sports betting laws and legislation, you can find him writing and recording music, playing videogames, or engaged in heated sports debates with his friends.