Main representative explains the situation of sports betting in Louisiana
The representative behind a key Louisiana Sports betting bill is optimistic that it will happen.
Rep. John Stefanski LSR said he was going to meet a colleague this week House Members talk about HB 697. He plans to hit the bill for a third reading next week.
The bill received approval as a replacement for HB 628 of the House Ways and Means Committee on April 21.
How it fits in LA sports betting
The bill is one of three along with SB 142 and SB 202, this is necessary to complete sports betting in Louisiana. Voters in 55 of the state 64 The municipalities voted to legalize sports betting November 2020.
“Every time a tax and fee bill is presented, there is a sect that never votes on fees. Some say no to taxes, others no to gambling,” said Stefanski. “You have the Trifecta on my bill, then the lottery. I’ll have to spend some time with the members next week. “
The bill is planned for tomorrow in the third reading and final adoption in the House.
Fees and taxes as well as sports betting
Stefanski takes care of the tax and fee structures for sports betting in LA, as the tax bills have to come from the house.
In connection with SB 202 is the state 20th Licenses require a $ 250,000 Registration fee and a $ 500,000 License fee for five years. The invoice raises a 10% Tax on sports betting for retail and one 18% Mobile betting tax.
“I’m pretty happy with it,” said Stefanski. “I don’t think it will be easy. We’re getting back to gambling, fees, and taxes, which are causing a lot of heartburn to members for many reasons. I am still very optimistic. “
The lottery aspect adds complexity in Louisiana
The SB 202 from Senate President Patrick Cortez describes the regulation of the industry with the exception of a lottery component. Stefanski’s bill provides for a lottery license, as changes to the state lottery, as well as the tax and fee structure, require a two-thirds vote.
The bill would essentially give that Louisiana Lottery a mobile license. It would also allow local bars and restaurants to participate via lottery kiosks.
“The motivation for this is to try to find a way to involve retailers. I hear from bars and restaurants that want an opportunity to participate,” said Stefanski. “The lottery is not part of the sports game right now… that’s the biggest hurdle for me, not the tax rate and fee structure. It’s pretty easy. “
Senate side a little easier
Cortez ‘SB 202 was heard on Tuesday by doing Judicial Committee B of the Senate. Cortez said an accepted replacement bill had been processed by Monday evening.
He asked that the bill be held in committee until the bill is in the hands of the Senate. A full committee hearing will take place next week.
“Every time the Senate President writes his name on a bill, he pretty much tells you that it is important to him,” said Stefanski.
Sports betting more fluid than your daily imagination?
Stefanski said some voters were confused as to why LA sports betting hadn’t started after they voted for approval.
Many voters also agreed to the daily fantasy sport in 2018. The state has just started accepting DFS operator applications in February after a slow legislative process to get it passed.
Stefanski believes the sports betting process will be smoother.
“One of our problems with fantasy sports was that not many people understood what it was,” he said. “People understand sports betting. In 55 out of 64 parishes it was pretty evident. The people of Louisiana want it, so we have to make sure it happens. “