Louisiana Online Sports Betting
The Louisiana sports betting industry is pushing hard to still launch in 2021. Almost half the companies that make up the state’s gaming industry have applied for temporary sports betting licenses.
A November 2020 vote from residents of the state-approved sports betting in 55 of the 64 parishes. The ensuing legislative and regulatory process has dragged on longer that expected. That is why legal betting options are still not available at this time.
Lawmakers in Louisiana have been trying to get legal sports betting for a few years before ultimately leaving the decision up to the voters. Now it will be up to the proper regulatory bodies to finalize the rules and regulations to guide the industry.
Louisiana has a massive casino industry, and that should help drive sports betting when it finally launches. The nine parishes that voted against sports betting where not included in any legislation, but that won’t limit those citizens from making bets on sports.
The future of Louisiana sports betting looks bright. However, planning a launch by fall of 2021 has had its share of challenges. The Louisiana Gaming Control Board has helped to extradite the process through the use of these temporary sports betting licenses. These will play a pivotal role in how soon the industry will launch in the state.
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One of the biggest questions for legal sports betting has been answered. Along with retail sportsbooks tied to existing casinos, online sports betting is also part of the rollout plans.
There are 20 licensed casinos or racinos in the state of Louisiana, and there are also three tribal casinos currently in operation. It is expected that all of these properties will eventually apply for a license to offer legal sports betting.
Of the 20 licensed gaming venues, eight of the biggest companies have submitted their applications. More companies are expected to join this list in the coming days.
A few of the initial bills that were introduced did not include provisions for mobile or online wagering. As the industry continues to prepare for an official launch, mobile sportsbook apps will be an important part of the landscape.
One question concerning legal LA online sports betting was how to determine the registration process. Most states allow remote registration, but some do require that you visit a casino and register in person before you can bet on sports.
Sports betting accounts will not be limited to residents of Louisiana, and sportsbooks will try to attract visitors from other states, especially in the New Orleans locations. You must be 21 or older to wager on sports and physically present within Louisiana state borders.
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LA Sports Betting Rules
The New Orleans Saints and New Orleans Pelicans are the only two major professional sports teams in the state, and they will likely drive sports betting. Sports betting regulations have outlined what available betting markets can be offered in LA, but all of the most popular sports in the US will be included.
It is expected that sportsbooks will also be able to offer bets on the top international sports and events as well. Louisiana will likely attract some of the top sports betting operators, and they all have experience in international competitions.
With only two major professional sports teams in the state, it is a plus that betting on collegiate sporting events has been included in the new laws. The LSU Tigers are by far the most popular team in the state, but there are other NCAA Division 1 programs as well.
All of these sports betting rules will be completely finalized before LA sports betting launches.
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LA Sports Betting Regulations
Senator Danny Martiny led the efforts to legalize sports betting in Louisiana in 2019, but his bill ultimately died out just before the legislative session ended. Martiny’s term in office came to an end at the end of that year, but other lawmakers continued the push in 2020.
Senator Cameron Henry was the leader of the push in 2020, and his bill S 130 was the piece of legislation that was ultimately passed in both houses. This bill did not actually legalize LA sports betting, but it got the question on the November 2020 ballot for voters.
Louisiana has some interesting rules when it comes to ballot referendums, and each parish gets to make its own decision. Sports betting passed in 55 of the 64 parishes in the state, but it was not approved state-wide.
The Louisiana Gaming Control Board will regulate and oversee the sports betting industry, but lawmakers had a major voice in the regulatory process. Before sports betting can be officially launched in the state, license applications still need to be reviewed and approved.
Fortunately, many of the companies involved in this process are already established as licensed gaming operators in Louisiana.
Residents of the state of Louisiana made it clear that they are in favor of legalized sports betting, but there is still work to be done. There is optimism amongst lawmakers that LA sports betting could be available before the end of 2021. Yet, any further delays could push the launch to a later date.
Legislators in Louisiana have been working on legalizing sports betting for several years, and now they have support from the residents.
This process started with a number of important questions to answer, with the most important being who is able to offer sports betting. Now that the regulatory end of the process has been resolved, the official launch becomes a waiting game.
With over 20 casino properties in the state, retail sports betting options should be plentiful. Legal LA online sports betting will round out the industry.
Louisiana has the NFL’s New Orleans Saints and the NBA’s New Orleans Pelicans as its professional teams. Sportsbooks will also rely heavily on college sporting events to help drive the industry.
Louisiana is in a better place than other states going through the regulatory process. Legalizing sports betting through the proper laws is just the first part of this journey as many of these states have come to realize.