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Home Sports

Local sports betting signed into law

by capitalizefinancial
June 29, 2021
in Sports
0
Local sports betting signed into law

Gov. John Bel Edwards signed legislation this month that creates all necessary protocols, regulations and monetary structures related to sports wagering in Louisiana. The legislation will go into effect July 1, and hopes are high that everything will be ready to go by football season this fall.

Senate Bill 247 and Senate Bill 142 lay out the legal path for Louisiana casinos to apply for the necessary licenses, create the spaces for in-person betting and organize the operation of wagering done via smart phones and online.

Edwards signed House Bill 697 earlier in the month. The bill establishes the monetary structure of the taxes and fees for the new gambling avenue in the state.

St. Charles Parish voters overwhelmingly supported a proposition on the Nov. 3 ballot that allowed for legal sports wagering on collegiate and professional sports.

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