Louisiana sports betting bills squeak on the last day of the session
The second bill must come into force Louisiana The Senate passed sports betting on Thursday, thus passing the last day of the legislative period.
The Senators passed the premier law regulating sports betting in Louisiana, SB247. After a conference committee, the Senate also passed SB142who have used sports betting income. The bills are coming in now Governor John Bel Edwardswho signed HB 697 earlier this week.
The legislation quickly started the session before hitting some speed bumps later. However, the passage of the bill appeared likely, given that it had an electoral mandate from. follows November 2020.
Bill sponsors hope mobile sports betting will hit the market at some point during the football season, and sports betting will open in retail stores shortly afterwards.
“I am more optimistic now [that sports betting will launch during football season]“, Co-sponsor Representative John Stefanski said LSR last week. “We gave the Gaming Control Board the ability to issue provisional licenses so that even if they don’t have physical sports betting they can go live with a mobile application. It is very likely. “
Sports Betting Act in Louisiana
The Senate received SB 247 from the House with changes earlier this week. Initially, the amendments were rejected and the bill was slated for a conference committee to iron out the language.
On Thursday the bill was re-examined and the Senators approved the House changes. 33-3. The bill was originally passed by the Senate. 31-6, on May 19.
“After looking at 247 and the proposed amendments, we leave it alone and simply agree,” Co-Sponsor Senator Rick Ward said.
What’s in Louisiana SB 247
Sponsored by Senate President Patrick Page Cortez, SB 247 is one of two laws needed to pass sports betting in Louisiana. Although it lasted until the last day of the session, Cortez’s support as well as guaranteed his passage.
The bill sets the main regulatory framework for sports betting in Louisiana. Above all, this means the establishment 20th Licenses for the state’s casinos and racinos allowing both retail and mobile sports betting. Each license can operate two skins.
Legislature has added a language for preliminary licenses to launch mobile sports betting before sports betting is built in retail. Bettors can register online or in person.
Both invoices are required for the Louisiana Sportsbook Pass
Like SB 247, HB 697 is required to conduct sports betting in Louisiana. It defines the tax and fee structure and offers the Louisiana lottery with license.
The bill provides for one 10% Tax on retail betting and a fifteen% Mobile betting tax.
The lottery regulation serves as a mobile license, but also enables local bars and restaurants to accommodate kiosks for sports betting.
Senate Bill 142 takes time
Ward’s Grant Bill, SB 142, was tabled at the beginning of the session but fell short of the two bills necessary to pass sports betting in LA.
The House of Representatives sent the bill back to the Senate with amendments Wednesday. Similar to SB 247, the Senate rejected the changes. After a meeting of the conference committee on Thursday, both chambers adopted the committee report.
The bill shows the money generated by sports betting:
- 25% to the Early Childhood Education Fund, up to $ 20 million
- 10% to the Local allotment fund for sports betting
- 2.5% to the Sports betting wallet supplementary fund
- 2% to the Behavioral Health and Wellness Fund or $ 500,000 the greater value applies
- 2% to the Disability Trust Fund, up to $ 500,000
- The rest goes to the general fund
Make voters happy
Sports betting is for the 55 of 64 Communities in Louisiana that more than approved sports betting with last fall 60% the vote.
Legislators have acted faster on sports betting than on daily fantasy sports that voters are in. have approved 2018 and has yet to start as several meetings were required to work out legal details. DFS is expected to come onto the market in autumn this year.
“One of our problems with fantasy sports was that not many people understood what it was,” Stefanski told LSR at the beginning of this session. “People understand sports betting. It happened quite clearly in 55 out of 64 parishes. The people in Louisiana want it, so we have to make sure it happens. “