Noticias de ultima
  • 12.00 Uplatform Aims to Redefine iGaming Success with Networking, Localization, and Customer Journey Mapping
  • 12.00 Sportradar Harnesses AI to Predict Club World Cup 2025 Winner
  • 12.00 Japan requests restrictions on access to overseas online casino platforms
  • 12.00 Recreativos Larriba Elevates Gaming Experience with the Triple Charm Journey by Zitro
  • 12.00 Star, Crown push NSW government to delay limits on cash use in casinos
  • 12.00 Citizens Petition Government to Hold Referendum on Casino Legalisation
  • 12.00 Macau CE downplays impact of satellite casino closures on Gross Domestic Product
  • 12.00 Peru: Latin American benchmark in digital gaming regulation
  • 12.00 Soft2Bet Named Acquisition & Retention Partner and Industry Innovator of the Year by SBC Europe Awards 2025
  • 12.00 Las Vegas Sands considered world’s largest gaming company by Forbes ranking
Sportsbook

Louisiana Senate approves sports betting

Wednesday 01 de May 2019 / 14:05

2 minutos de lectura

(United States).- The Louisiana Senate voted 24-15 to permit sports betting Tuesday (April 30), potentially opening the door to the largest expansion of gambling the state has seen since the early 1990s. The legislation now heads to the Louisiana House for consideration, where it is expected to face more pushback from conservative Christian legislators running for reelection this year.

Louisiana Senate approves sports betting

If Senate Bill 153 is approved, Louisiana voters would determine the fate of sports betting in this fall’s election on a parish-by-parish basis in municipalities where casinos and racetracks are already located. The earliest sports betting could be in place is January 2020, said Ronnie Jones, head of the Louisiana Gaming Control Board.


The proposal, sponsored by Sen. Danny Martiny, R-Kenner, is modeled after sports betting policies that currently exist in Mississippi, though it is slightly more restrictive. Martiny brought the legislation because he’s concerned Louisiana casinos and racetracks will lose business to their counterparts in Mississippi and Arkansas, which have legalized sports betting already.


“It’s a simple thing trying to allow us to compete on a level playing field,” said Martiny of his bill.


The legislation would allow sports wagering on professional and collegiate sports at Louisiana’s four horse racetracks with slot machines, 15 riverboat casinos and Harrah’s Casino in New Orleans. Betting on high school, video game and electronic sports events would be prohibited. Betting would be limited to gamblers 21 and older.


The bill confines sports betting on mobile devices to places where people who are 21 and older can go at participating casinos and horse tracks. Even though in Mississippi, sports bets on mobile devices can be placed from anywhere on a casino resort property, such as poolside or at a restaurant.


It’s unclear how much money legal sports betting could generate for Louisiana because its taxing structure hasn’t been settled yet. Fiscal analysts don’t expect the revenue to be significant.


Martiny backs a structure, with a 12% tax rate and hefty application fees, similar to the one in place in Mississippi, where sports betting has produced $2.5 million in the past seven months. Mississippi sports gambling revenue is expected to stabilize to around $5 million annually, according to a Louisiana legislative fiscal analysis.


Martiny said he is willing to dedicate most tax revenue from sports betting to early childhood education programs. Gov. John Bel Edwards supports that proposal. A small portion of the revenue would also go toward organizations that address compulsive gambling.


Legal sports betting is popular in Louisiana. An LSU survey published earlier this month found that 59% of state residents supported legalizing betting on professional sports. But it’s still opposed by the Louisiana Family Forum, a conservative Christian organization that has a major influence over legislators, especially in election years.


The companion tax bill that Martiny’s legislation needs to make sports betting viable in Louisiana also faces a tougher road than Martiny’s proposal. While Martiny only needed a majority of the Senate’s approval, tax bills have to get two-thirds of state lawmakers’ support to pass. Martiny’s bill didn’t reach the threshold Tuesday that any gambling tax bill will need to succeed.


The companion tax bill to Martiny’s gambling legislation is also having a hard time moving in the Louisiana House at the moment. House Bill 587, sponsored by Rep. Joe Marino, I-Gretna, hasn’t been scheduled for a vote in the House Ways and Means Committee yet.


Rep. Neil Abramson, D-New Orleans -- who has drafted his own sports betting tax bills with different tax rates and fees -- hasn’t put Marino’s legislation on the calendar yet, despite being asked to do so, Marino said. Abramson is chair of the committee and hasn’t appeared on the House floor for votes over the last few days.


Still, Martiny’s promise to dedicate sports betting revenue to early childhood education programs could help the measures pass in a House that is wary of gambling. Lawmakers are desperate to find ways to increase funding for preschool programs, especially because the state is scheduled to lose federal funding for them.


While linking early childhood education to sports betting worked for Martiny, Sen. J.P. Morrell, D-New Orleans, was not as lucky Monday evening. Morrell’s Senate Bill 196 would have attached a fee of up to $50 on gambling winnings, with money generated going to early childhood education. It was voted down 16-21 in the Senate. The money would have stayed locally in the parish where the gambling took place. Morrell said he might bring his bill up at a later date if he can gin up more support.

Categoría:Sportsbook

Tags: Sports Betting, Sportsbook ,

País: United States

Event

SBC Summit Americas 2025

13 de May 2025

Uplatform Aims to Redefine iGaming Success with Networking, Localization, and Customer Journey Mapping

(Fort Lauderdale, SoloAzar Exclusive).- At SBC Summit Americas, Uplatform emphasized the power of strategic networking, data-driven localization and CJM to help operators thrive in the competitive iGaming market. María, Head of Marketing, shares how understanding regional nuances and focusing on overlooked player touchpoints can elevate brands from mere presence to lasting trust. Dive into her insights on industry trends, innovation, and why creativity is a rare gem in expos.

Monday 16 Jun 2025 / 12:00

ProntoPaga Drives the Fintech Revolution with SmartPIX and SmartRouting in LATAM

(Fort Lauderdale, SoloAzar Exclusive).- Evans Concha, CTO and Founder of Pronto Paga, shared the main innovations launched this year and how they impact the regional fintech industry. With a firm commitment to new technologies and cybersecurity, the company is positioning itself as a leader in the sector. Discover how it is redefining the future of digital payments in this article.

Friday 13 Jun 2025 / 12:00

Pay4Fun consolidates its position as a 100% Pix Payment Gateway and expands its reach in LatAm

(Fort Lauderdale, SoloAzar Exclusive).- Pay4Fun strengthens its position as a 100% Pix payment gateway with direct integration with the Central Bank, guaranteeing maximum security and efficiency in transactions. At SBC Summit Americas, Leonardo Baptista highlights the role of networking and innovation in an environment where technology and regulation are key. Discover how Pay4Fun is shaping the future of digital payments.

Thursday 12 Jun 2025 / 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.

PODCAST