Louisiana sports betting to be taxed lower than casino games
Lawmakers in Louisiana are preparing to legalise sports betting after 55 out of 64 parishes voted in its favour.
US.- Sports betting in Louisiana will be taxed at a lower rate than casino games, according to a state senator.
In the November ballot, 55 out of 64 of Louisiana’s parishes voted in favour of sports betting, paving the way for the activity to take place within the boundaries of those parishes.
Senator Ronnie Johns said that a sports betting plan would be drawn up before the legislature meets on April 12 in order to determine tax rates and regulatory issues.
According to LSU Manship School News Service, Johns said: “We tax the 15 riverboat licenses and the land-based casinos at a 21 per cent tax. Sports betting won’t be taxed at that rate.
“We have to be very careful in not overtaxing sports betting because, if you do so, you’re going to severely limit the number of entities around the state that would be willing to inject into the sports betting business.”
The American Gaming Association’s president Bill Miller has praised the decisions of various states to legalise sports betting, saying that it will give Americans further job opportunities, extra tax revenues, and regulated entertainment options closer to home.
