Louisiana Sports Betting
Whether you want to place a bet on your favorite sports team or simply want to test the waters, sports betting in Louisiana is something you can do. Louisiana sportsbooks are licensed and offer competitive odds and lines. However, there are differences from one sportsbook to another. The key is to know what to expect.
Sports betting in Louisiana is relatively new. Although it has been a relatively small market, most of the major operators in the USA have already struck deals to provide services to Louisiana residents. These operators offer a high standard of wagering options and customer service. In addition, Louisiana sportsbooks have competitive odds and lines that are similar to those offered by other jurisdictions.
Louisiana sports betting is currently legal in 55 of the state’s 64 parishes. The Louisiana Department of Health provides a variety of resources for people interested in gambling responsibly. In addition, Louisiana residents who are concerned about gambling addiction can seek free guidance through the Louisiana Association on Compulsive Gambling.
Louisiana Sports Betting Review
The Louisiana sports betting law is called LA HA 64. It was signed into law by Governor John Bel Edwards in June of 2020. Before sports betting can be placed, an operator must be approved. The law also requires that wagers be placed through licensed Louisiana sportsbooks.
In order to use a Louisiana sportsbook, a bettor will have to be over 21 years old. If they are not, they will be required to fill out an application and undergo personal verification. They will then be able to place a wager and receive the payouts. It is recommended that you keep records of your bets and all winnings and losses. This will ensure an accurate annual tax return. It is also recommended that you do not bet money that you cannot afford to lose.
Louisiana sports betting is also available online. The state has 55 online sportsbooks available to customers. These sportsbooks offer a variety of sports including baseball, football, and basketball. Each operator will offer different types of bonuses and welcome offers. Some sportsbooks offer early cashouts and other features. It is recommended that you choose a sportsbook that offers SSL encryption to protect your information from hackers.
Louisiana sports betting also includes a state tax of 25 per cent of any big wins. This tax is withheld by regulated sportsbooks. The state has estimated that it will generate about $375,000 in tax revenue annually.
In addition, Louisiana sports betting will be legal at three tribal casinos. The Louisiana Gaming Control Board will regulate and oversee the sports betting industry. It is expected that BetMGM, Caesars, and Boyd Gaming will seek licenses to operate sportsbooks in the state. It is also expected that the state will eventually host dozens of regulated sportsbooks.
Louisiana sports betting has also been delayed due to Hurricane Ida. However, state officials hope to have the industry up and running before the 2020 NFL season. The state is also in the process of launching a sports betting skin for the state lottery.