- Senate Bill 247 has passed in the Senate in Louisiana to regulate sports betting.
- The bill is now sent to the House where it will be discussed.
- This is the main regulatory bill for sports betting in Louisiana.
BATON ROUGE, La. – The main regulatory bill in Louisiana for sports betting successfully passed in the Senate and has been sent to the House for their votes.
This is a major step in the impending launch of sports betting in Louisiana as the market is on pace to launch by the start of the NFL season.
Louisiana also has two other bills that need to pass for the impending launch, those being the tax bill and the appropriations bill. Once all three pass, Louisiana can finally host its own legal sports betting market.
Louisiana Sports Betting Bill Passes
The Senate passed SB 247 with a 31-6 vote. This bill details the actual regulations of the betting market in Louisiana including how many sports betting licenses will be offered.
As SB 247 heads to the House, the Senate will need to vote on the SB 142 appropriations bill and the HB 697 tax bill next. Sports betting has already been legalized in the state, these bills simply break down how the market would work.
Louisiana voted sports betting into law when 55 of the state’s 64 parishes voted in favor back in November 2020.
Louisiana is also working to launch fantasy sports in time for the NFL season, with goals to have both markets up and running to cash in on football wagers.
Under SB 247, Louisiana will be able to offer 20 betting licenses in the state with two mobile skins each, 15 riverboat casinos can offer betting odds, four racetracks can offer betting odds, and a land-based casino can offer betting lines.
These operations can only work in the 55 parishes that voted in favor of a Louisiana sports betting market. These mobile apps will be geofenced and track players’ locations, ensuring they are within the designated parishes for sports betting.
The next session will take place on Thursday, June 10. This is when the House will vote on the sports betting bill.
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News tags: Baton Rouge | HB 697 | Louisiana | New Orleans | Patrick Page Cortez | Regulatory | SB 142 | SB 247 | sports betting
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.