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OweO
LSU Fan
Plaquemine, La
Member since Sep 2009
94654 posts
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Louisiana Lawmakers OK Sports Betting Rules; Sends To Edwards
quote:

BATON ROUGE, La. (WAFB) - Months after most Louisiana voters agreed to legalize sports betting, lawmakers Thursday gave final passage to rules that will allow the wagering through sports book sites, mobile apps and kiosk locations in parishes where voters supported the activity.

A 33-3 Senate vote sent the regulatory bill by Republican Senate President Page Cortez to the governor’s desk. The House earlier had voted 78-15 for the legislation. Democratic Gov. John Bel Edwards is expected to sign the measure into law, paving the way for betting on sports events to begin as early as the fall.

Voters in 55 of Louisiana’s 64 parishes agreed to allow sports betting on live-action games, but lawmakers had to set the rules and the tax rates before the gambling can begin. The tax bill received final legislative passage earlier in the session.

Lawmakers are creating 20 licenses for sports book operators, with Louisiana’s casinos and racetracks given first chance to get those licenses. If those casinos and racetracks don’t seek all 20 licenses by Jan. 1, fantasy sports betting operators and video poker establishments in the parishes where sports wagering is legal will be eligible to apply.


WAFB


lsuguy84
USA Fan
CO
Member since Feb 2009
8782 posts

re: Louisiana Lawmakers OK Sports Betting Rules; Sends To Edwards
Let’s see if this one rolls along


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OweO
LSU Fan
Plaquemine, La
Member since Sep 2009
94654 posts
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re: Louisiana Lawmakers OK Sports Betting Rules; Sends To Edwards
I am reading this right, this will not allow Louisiana residence to use draftkings or fanduel right?


Large Farva
LSU Fan
New Orleans
Member since Jan 2013
7367 posts
 Online 

re: Louisiana Lawmakers OK Sports Betting Rules; Sends To Edwards
Fantasy sports was already passed and now we are only a short time away from using fa duel or DraftKings. This thread is on sports betting.


medtiger
LSU Fan
Member since Sep 2003
20767 posts

re: Louisiana Lawmakers OK Sports Betting Rules; Sends To Edwards
quote:

Lawmakers are creating 20 licenses for sports book operators, with Louisiana’s casinos and racetracks given first chance to get those licenses. If those casinos and racetracks don’t seek all 20 licenses by Jan. 1, fantasy sports betting operators and video poker establishments in the parishes where sports wagering is legal will be eligible to apply.


This doesn't seem like a lot. I'd assume all of these will be sought after by the casinos and racetracks, so does that mean the popular online/mobile sportsbooks like William Hill, DK sportsbook, Fanduel sportsbook, etc. will be left out?


OweO
LSU Fan
Plaquemine, La
Member since Sep 2009
94654 posts
 Online 

re: Louisiana Lawmakers OK Sports Betting Rules; Sends To Edwards
So they just have to work out the tax situation with fantasy sports gambling?


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Hurricane Mike
LSU Fan
Member since Jun 2008
13723 posts

re: Louisiana Lawmakers OK Sports Betting Rules; Sends To Edwards
frick that shitty legislature. Less people watching sports and years behind other states. They can frick themselves. I left that do nothing state for a place that is more business and economically friendly. They can take the scraps because they didn't have the foresight, like they never do.


pelicansfan123
Member since Jan 2015
1155 posts

re: Louisiana Lawmakers OK Sports Betting Rules; Sends To Edwards
quote:

This doesn't seem like a lot. I'd assume all of these will be sought after by the casinos and racetracks, so does that mean the popular online/mobile sportsbooks like William Hill, DK sportsbook, Fanduel sportsbook, etc. will be left out?


There's no way that Draft Kings and Fan Duel will be left out. Just a matter of greasing the right palms...


AZBayouBengal07
Arizona State Fan
Metry
Member since Nov 2005
2735 posts

re: Louisiana Lawmakers OK Sports Betting Rules; Sends To Edwards
“Only the 20 existing casinos – those on riverboats, at racetracks and the one on land in New Orleans – have first crack at the licenses. It’ll cost $250,000 to apply and should the applicant clear a suitability review, will have to pay $500,000 more for a five-year license. Each license will allow the casinos to hire and license two providers to handle betting online and via smart phones.”

Casino and racetracks can contract with DraftKings or FanDuel or Barstool or whoever to be their mobile operator.

Barstool is Penn National’s sports betting app. You’ll get a Barstool Sportsbook app with a Lauberge BR emblem somewhere on the page.



Hayekian serf
Member since Dec 2020
580 posts

re: Louisiana Lawmakers OK Sports Betting Rules; Sends To Edwards
quote:

20 licenses for sports book operators, with Louisiana’s casinos and racetracks given first chance to get those licenses. If those casinos and racetracks don’t seek all 20 licenses by Jan. 1, fantasy sports betting operators and video poker establishments in the parishes where sports wagering is legal will be eligible to apply.



I wonder how awesome it would be if we actually had a free market.

This isn’t capitalism folks.


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codysavoie
Nicholls St. Fan
Hahnville
Member since Mar 2021
5 posts

re: Louisiana Lawmakers OK Sports Betting Rules; Sends To Edwards
LINK

Seven different companies own all 19 casinos currently in the state. Most of them are major, publicly traded companies that have a sportsbook or have partnered with sportsbook operators in other states. We expect all of them to roll out online products around market launch. Retail sportsbooks are also expected to quickly populate the state.

All 19 casinos are able to apply for a sports betting license. Each licensee qualifies for two online “skins.” A skin is a mobile component to a licensed casino operator. So if Harrah’s New Orleans gets a sports betting license, the casino can have two online partners. Since Harrah’s is owned by Caesars, which itself is going through a major sportsbook rebrand, one of the two online skins could be Caesars Sports.

Caesars

The casino giant owns five retail casinos in Louisiana, including Harrah’s Casino New Orleans, which is the official casino partner of both the Saints and Pelicans, the city’s NBA team. There is no doubt that the Caesars Sports mobile app will be a factor in Louisiana. Caesars may partner with another brand using one of their many online skins, but that remains to be seen. William Hill, a brand owned by Caesars, has partnered with casinos in states where Caesars also operates, so we have seen it done before, but that was before Caesars’ big plan for a total re-brand was announced. If Caesars is in fact consolidating into the one big Caesars Sports brand (moving away from William Hill), it will be interesting to see what they do with their remaining license capital in LA.

Boyd Gaming

Boyd Gaming owns five retail casinos in the state, which makes up 30 percent of its non-Nevada-based holdings. Louisiana is obviously an important state for the company. Boyd has casinos in several states with sports betting, including Illinois, Indiana, Iowa, and Pennsylvania. In each of those states Boyd has partnered with FanDuel to bring the sports betting titan to those markets. We fully expect Boyd to do the same in Louisiana, which could see FanDuel join the potentially crowded sports betting market by the end of 2021.

Penn National

Penn National also owns five casinos in Louisiana. Five seems to be the magic number here. As you are likely aware, Penn National has a sizeable, and very profitable, stake in Barstool Sports. As such, there is a very large chance that Barstool Sportsbook will be live in Louisiana at some point in the future, either late 2021 or early 2022. Beignets and Betting with Barstool on Bourbon Street has a nice alliterative ring to it and should become a reality. We’ll keep our fingers crossed that it’s in time for the Sugar Bowl or the Saints NFL playoff run.

Bally’s Corp.

Bally’s is making a lot of noise in the sports betting industry. Bally Bet, the company’s sportsbook, just went live in Colorado in May 2021. Additionally, Bally’s partnered with Sinclair, owner of the New Orleans Regional Sports Network (RSN) that is now known as Bally Sports New Orleans. The channel will feature live sports events and programming focused on sports betting. Since Bally’s Corp owns the Eldorado Shreveport, it will have access to a sports betting license. There is a good chance that Bally Bet will enter the Louisiana market.

Churchill Downs Inc.

Speaking of re-branding, Churchill Downs Inc. (CDI) owns both the BetAmerica and TwinSpires brands. The company had invested heavily in bringing BetAmerica to several states, including Indiana, New Jersey, and Pennsylvania. Then, in early 2021, CDI announced that it would be phasing out the BetAmerica brand and replacing it with TwinSpires in those states and all new states it will expand to. All that said, what you need to know is that TwinSpires is likely to arrive in Louisiana at some point through the Fair Grounds Race Course and Slots, the iconic horse racing facility owned by CDI.

Golden Nugget

The Golden Nugget brand is iconic and widely known in the gambling community. In fact, Golden Nugget has been the number one online casino brand in New Jersey for several years straight. Golden Nugget is working on parlaying its online casino success into a successful online sportsbook, which is currently available in states that include New Jersey, Michigan and Nevada. With two online skins tethered to the Golden Nugget Lake Charles Casino, it is possible that the company will also partner with a large sportsbook operator like PointsBet or theScore to pair with its self-branded product. Time will tell what the company decides to do, but we are confident that the Golden Nugget will be in the sports betting game in Louisiana, either using its own online sportsbook or partnering with another operator.

Casino Queen/DraftKings

The Casino Queen company is based in East St. Louis, Illinois and has a great deal of experience running riverboat casinos up and down the Mississippi. They brought their expertise to Louisiana after recently purchasing two existing riverboat casinos in Baton Rouge. In Illinois, Casino Queen has rebranded its riverboat casino to the subtly named “DraftKings at Casino Queen.” You guessed it, Casino Queen has a partnership with DraftKings. It would make sense for Casino Queen to bring DraftKings Sportsbook to the Pelican State through its Belle of Baton Rouge and/or Hollywood Casino Baton Rouge properties.

This post was edited on 6/10 at 9:08 pm


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tzimme4
Chicago Cubs Fan
Metairie
Member since Jan 2008
23801 posts
 Online 

re: Louisiana Lawmakers OK Sports Betting Rules; Sends To Edwards
quote:

Less people watching sports and years behind other states

Legalized sports gambling became legal just about 3 years ago. About 1/3 of the states have some short of sports gaming.

Don't talk bull shite when you have no clue what you're talking about. You sound like an idiot who has sand in your vagina


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Prosecuted Collins
LSU Fan
The Farm
Member since Sep 2003
5634 posts

re: Louisiana Lawmakers OK Sports Betting Rules; Sends To Edwards
Let me guess you moved to Mississippi lol


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Horsemeat
New Orleans Saints Fan
Truckin' somewhere in the US
Member since Dec 2014
6909 posts
 Online 

re: Louisiana Lawmakers OK Sports Betting Rules; Sends To Edwards
How many years since we voted in favor of this and we still can't make bets?


MoarKilometers
Florida Atlantic Fan
Member since Apr 2015
10878 posts

re: Louisiana Lawmakers OK Sports Betting Rules; Sends To Edwards
quote:

I wonder how awesome it would be if we actually had a free market.

This isn’t capitalism folks.

It sounds way better than the deal Desantis made in Florida. Only the Seminole tribe is allowed in the business for the next 30 years. AND... we promised them a government goon squad to crack down on their rivals in card games and other legal gambling.


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Tigerfan1274
Member since May 2019
855 posts

re: Louisiana Lawmakers OK Sports Betting Rules; Sends To Edwards
quote:

How many years since we voted in favor of this and we still can't make bets?


0.583.


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Overbrook
Tulane Fan
Member since May 2013
5687 posts

re: Louisiana Lawmakers OK Sports Betting Rules; Sends To Edwards
New gambling is always a boon to the western La cities, as they get all the Texans' action.
Keep an eye on Twin Spires/CDI. I hope they get involved and don't give FG he Arlington/Calder/Hollywood Park treatment. But if they get involved, FG should soar.


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Cole Beer
Southern Fan
Baton Rouge
Member since Aug 2008
3814 posts

re: Louisiana Lawmakers OK Sports Betting Rules; Sends To Edwards
Whoever these senators and reps are who voted against, need to be voted out ASAP. Why would you vote against, religious reasons?


BowDownToLSU
LSU Fan
Livingston louisiana
Member since Feb 2010
15478 posts

re: Louisiana Lawmakers OK Sports Betting Rules; Sends To Edwards
quote:

Why would you vote against, religious reasons?
trying to get votes , they don’t care either way. It’s always political


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FulshearTiger
Member since Jul 2015
4804 posts
 Online 

re: Louisiana Lawmakers OK Sports Betting Rules; Sends To Edwards
quote:

frick that shitty legislature. Less people watching sports and years behind other states. They can frick themselves. I left that do nothing state for a place that is more business and economically friendly. They can take the scraps because they didn't have the foresight, like they never do


Holy shit


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