Tax for sports betting in Louisiana passes a panel

Tax for sports betting in Louisiana passes a panel

Sports betting in Louisiana may arrive soon as taxation has already passed.

A House panel narrowly voted to approve a tax on sports betting in Louisiana, even though the segment still hasn’t been legalised in the state.

US.- While the industry continues to expand into different states, sports betting in Louisiana hasn’t turned legal yet. Still, a House panel voted to approve legislation to tax the activity once lawmakers decide to regulate it.

The House Appropriations Committee voted 12-9 to advance a 13% tax on net proceeds on sports betting in Louisiana. It covers any wagering on college and professional sporting events at the state’s casinos.

From the total, the state would use 10% to fund early education programs aimed at children from birth to three-year-olds. Licencing fees would fund the Louisiana State Police for the necessary background checks of the betting operations personnel.

Sports betting in Louisiana is being pushed by Senator Danny Martiny, who is sponsoring the bill to legalise it.

“I didn’t do any studies or anything,” Martiny said. “All I’m trying to do is give casinos in Louisiana an opportunity to compete,” he added.

Did you like this article?