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This bill, sponsored by Rep. John Stefanski (R), sets a 10 percent tax rate on sports bets place inside casinos and other establishments, such as bars, where wagering would be allowed. The tax rate is 15 percent if a bet is placed on a smartphone or computer.<\/p>\n<\/div>\n
The tax, in both instances, would be on the amount left over after winning bettors have been paid. The revenue would go into the Sports Wagering Enforcement Fund managed by the state treasury, The Advocate<\/i> reported.<\/p>\n
Another measure, Senate Bill 142 by Sen. Rick Ward (R), was approved in the Senate on a 33-3 vote Wednesday. It now heads to the House for consideration. This bill would determine where the revenue from sports betting is to be spent. Estimates are that sports betting could bring $10 million to $50 million into the state treasury.<\/p>\n
Under SB142, one percent of the proceeds would go to the Behavioral Health and Wellness Fund, while 20 percent would be earmarked for the Louisiana Early Childhood Education Fund. Another 10 percent would go to participating parishes. One percent would go to the State Racing Commission. The remainder would be set aside in the state general fund to be used for purposes that legislators agree upon every year.<\/p>\n
No Mobile Betting Nearby<\/h2>\n
If approved, as expected, Louisiana would be the only state in the area with legal mobile sports betting.\u00a0<\/span><\/p>\nTwo bordering states, Arkansas<\/a> and Mississippi, allowed in-person sports betting inside casinos. Mobile sports betting could occur in Arkansas and Mississippi if the bettor were using an app while on casino property. However, none of the casinos in either state offer that service.<\/p>\nTexas does not allow sports betting and does not have legal commercial casinos.<\/p>\n","protected":false},"excerpt":{"rendered":"
With a week left in the Louisiana legislative session, bills to allow sports betting are making their way to the governor\u2019s desk for approval. This means sport betting, including on smartphones, could be legal in the state by football season. The state House of Representatives on Thursday approved Senate Bill 247 on a 78-15 vote. […]<\/p>\n","protected":false},"author":55,"featured_media":175479,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,1074],"tags":[],"acf":[],"yoast_head":"\n
Sports Betting Nears Goal Line in Louisiana as Legislature Enters Final Week - Casino.org Sports Betting Nears Goal Line in Louisiana as Legislature Enters Final Week<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n