Proposal advances to place fixed-odds horse racing bets at Louisiana casinos
Wednesday 19 de April 2023 / 12:00
2 minutos de lectura
(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
ICE Barcelona 2026
19 de January 2026
Daniel De Los Ríos on Amusnet’s ICE Barcelona 2026 Experience and LATAM Growth Plans
(Barcelona, SoloAzar Exclusive).- The Head of Commercial and Marketing in LATAM at Amusnet shares insights on the company’s latest innovations, industry trends, and strategic goals for 2026.
Thursday 05 Feb 2026 / 12:00
Tomás Galarza: "This edition of ICE was especially relevant for ASAP"
(Barcelona, SoloAzar Exclusive). Following his participation in ICE Barcelona 2026, Tomás Galarza, a Political Science graduate and foreign trade expert at ASAP, shares his insights on global trends, international business opportunities, and the company's strategic priorities for this year.
Wednesday 04 Feb 2026 / 12:00
Win Systems Expands Presence in Spain and Highlights Route Operations at ICE 2026
(Barcelona).- At ICE 2026 in Barcelona, Win Systems showcased its innovative gaming solutions for the Spanish market, emphasizing Player Tracking, Win Pay, and route operations to enhance operator performance and player engagement.
Wednesday 04 Feb 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.