Lawmakers filed several Louisiana sports betting bills. In fact, they are several in the House including how to spend revenue on sports wagering. Louisiana was one of the first states to make gambling legal in riverboats. Also, it is one of the first states to make gambling legal in the 1990s. At present, it wants to be one of the first states to make sports betting legal.
Louisiana and gambling go hand in hand over time. When the French made the land its colony, they brought gamblers, debtors, and criminals with them. In fact, gambling was popular along the Mississippi River as long as there’ were riverboats moving through it. Often, riverboats had dice and card games.
In the early 1990s, the state legalized casinos. However, they were initially limited to riverboats. Over time, the state allowed riverboats to dock. At present, Louisiana allows a land-based casino in New Orleans.
Louisiana Sports Betting Bills
At the moment, there are two Louisiana sports betting bills. The first one is House Bill 498 that allows tax payments for sports wagering on professional and college sports events. The tax rate will be 8 percent for pay per head operators.
If the bill becomes law, gamblers can place their bets at racinos and riverboat casinos in the state. Aside from the tax, the state will also ask for a sportsbook license fee of $5,000 a year. The best way to ensure the success of the sportsbook is with the use of the best bookie pay per head.
At present, the House Bill has more support than Senate Bill 153, which legalizes sports betting. However, it is still sitting in a committee. Once it passes, becoming a bookie in Louisiana will be a lucrative business.
Aside from Louisiana sports betting bills, bettors are also looking at two bills that deal with gambling in the state. The first one is House Bill 495, which tackles sports fantasy teams. Lawmakers are looking to tax gambling from fantasy sports at 8 percent.