Fantasy Sports
Louisiana voters to decide on the fate of legalizing sports betting apps on November 6
Louisiana will put to vote whether to legalise fantasy sports betting apps such as DraftKing and FanDuel or not. The voting is scheduled on November 6. Gov. John Bel Edwards has signed a new law approved by the Legislature that calls for the election.
The move, proposed by Rep. Kirk Talbot, R-River Ridge, allows each parish to approve fantasy sports gambling. If a parish voted against it, online betting apps will not be allowed in that parish.
Online fantasy sports gambling has been legalised in 19 US states.
If and when the parishes approve fantasy sports gambling, further legislation must be drafted to regulate and tax the games.
Talbot pitched legal, online fantasy sports as a way to raise money for Louisiana without increasing traditional taxes, but the new law does not deal with what fees or taxes fantasy sports entities might pay the state. All other forms of legal gambling in Louisiana are taxed at relatively high rates.
Louisiana law is silent on whether traditional fantasy sport leagues, played among friends and co-workers, are legal. Talbot’s bill will not address those types of games.
Source: Nola.com
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