Proposal advances to place fixed-odds horse racing bets at Louisiana casinos
Wednesday 19 de April 2023 / 12:00
⏱ 1 min read
(Louisiana).- A Louisiana legislative committee advanced a proposal Monday that would allow the state’s casinos to take fixed-odds bets on horse racing, bringing those wagers in line with most other bets at sportsbooks.
There was no opposition to House Bill 564, sponsored by House Speaker Clay Schexnayder, R-Gonzales, when brought up before the House Commerce Committee. The legislation would let casinos depart from the pari-mutuel form of wagering that’s standard at racetracks.
For example, a bet placed with 5-to-1 fixed odds pays off at that rate no matter what subsequent bets are made on a race. Pari-mutuel bettors compete against one another, in a sense, and can impact odds as more money is bet on a horse.
Pari-mutuel wagers are pooled and split evenly among winning bettors. Because final odds can’t be calculated until betting is closed, the odds can change between when a bet is placed and the payoff is determined.
Ed Fenasci, executive director of the Louisiana Horsemen’s Benevolent and Protective Association, appeared before the House Commerce Committee in support of Schexnayder’s bill. In an interview, he said the proposal would open up horse racing to a growing segment of gamblers.
To entice the sportsbooks to participate, the proposal lowers the share of fixed-odds profits casinos forward to the state’s licensed racing association from 25% to 15%. Fenasci told the committee the 25% rate wouldn’t be feasible for casinos to turn a profit.
By Greg Larose
Categoría:Sportsbook
Tags: Sports Betting, Sportsbook ,
País: United States
Región: North America
Event
SBC Summit Rio 2026
03 de March 2026
Pay4Fun Showcases Payment Innovation and Regulatory Leadership at SBC Summit Rio
(Rio de Janeiro, SoloAzar Exclusive).- Leonardo Baptista, CEO and co-founder of Pay4Fun, showcased the firm’s role as Brazil’s first authorized payment institution for the regulated betting and gaming market during SBC Summit Rio. Highlighting compliance, sector expertise, and efficiency, the company positioned itself as a trusted partner for operators adapting to Brazil’s new regulatory framework.
Friday 20 Mar 2026 / 12:00
Eeze LatAm's Maximiliano Ramos after SBC Summit Rio: "Brazil is the industry's spotlight today"
(Rio de Janeiro, SoloAzar Exclusive).- In this interview, Maximiliano Ramos, Eeze's Partnership Manager LATAM , analyzes the value of SBC Summit Rio as a key meeting point for the industry, the growth of the Brazilian regulated market and the opportunities opened up by artificial intelligence, strategic networking and innovation in user experience for gaming in the region.
Thursday 19 Mar 2026 / 12:00
Digital infrastructure strengthens trust in Brazil’s regulated betting market
(Rio de Janeiro).- The development of a robust technological infrastructure was highlighted as one of the key pillars for the functioning of Brazil’s regulated betting market during the panel “Building the Digital Infrastructure in Brazil’s Regulated Market,” held at the SBC Summit Rio event. The debate brought together representatives from the government, operators, and technology companies to discuss data monitoring, digital security, and consumer protection.
Friday 06 Mar 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.