Louisiana Gaming Control Board Approves Five More Sports Betting Licenses

State Of Louisiana Seal And Paragon Casino Sports Betting
Casinos in Acadiana and Shreveport were among the five gambling places awarded with a license to operate legal Louisiana sports betting on Thursday.

According to Louisiana Gaming Control Board chairman Ronnie Johns, he signed off the sports betting licenses for Sam’s Town in Shreveport, Treasure Chest in Kenner, Amelia Belle in Amelia, Evangeline Downs in Opelousas, and Delta Downs in Vinton.

13 Sports Betting Licenses Issued so Far

The approval of the sports betting application of the five Boyd Gaming properties mentioned earlier brings the total number of sports betting licenses in the state to 13.

Previously, the Louisiana Gaming Control Board signed issued sports betting licenses to the Horseshoe in Shreveport, Margaritaville and Boomtown in Bossier City, Harrah’s New Orleans, L’Auberge Casino in Baton Rouge, Boomtown Casino in Harvey and Golden Nugget and L’Auberge Casino in Lake Charles.

Louisiana has a 14th property that currently operates sports betting in the Paragon Casino in Marksville. But the casino is operated by the Tunica-Biloxi tribe in the state and is located on Tribal land which makes it outside the jurisdiction of the Louisiana Gaming Control Board.

Sports Betting Legal in 55 of 64 Louisiana Parishes

Last fall, voters from 55 out of Louisiana’s 64 parishes approved legal sports betting in their respective jurisdictions in a ballot referendum. Lawmakers then used the spring 2021 legislative session to set up the framework to regulate and tax sports betting in the state. In June, Gov. John Bel Edwards signed the sports betting bill into a law, paving the way for residents to start placing sports wagers.

Currently, Louisiana sports betting is limited to one-site sportsbooks or betting shops. According to the LGCB, they hope that everything will be in place at least on January 2022 for casinos to start operating legal Louisiana mobile sports betting.

The nine parishes that will not have legal Louisiana sports betting are Caldwell, Catahoula, Franklin, Jackson, LaSalle, Sabine, Union, West Carroll and Winn. Voters from these nine states rejected the sports betting measure included in the ballot in the last elections.

Sports Betting is Up and Running in 8 Louisiana Casinos

Louisiana State Seal With Casino Background
Louisiana’s gambling regulatory body revealed on Tuesday that a total of 8 casinos have started accepting bets on live sports events.

According to Ronnie Johns, chairman of the Louisiana Gaming Control Board, things have been smooth sailing so far. Said Johns:

“All the reports I have gotten from across the state is that everything has gone out without a hitch.”

Seven Applications are Still Pending

The 8 casinos that allow legal sports betting are Boomtown Casino in Harvey, Boomtown Bossier City Casino, Harrah’s New Orleans, Horseshoe Bossier City, L’Auberge Casino Hotel in Baton Rogue, L’Auberge Lake Charles Casino Hotel, and the Margaritaville Resort Casino Bossier City.

A 9th sports betting shop is located at the Paragon Casino in Marksville, but since the casino is operated by the Tunica-Biloxi Tribe of Louisiana, it is not regulated by the Louisiana Gaming Control Board.

Additionally, applications to operate sports betting from seven other casinos are still pending with the State Police and Gaming Board but are expected to be approved before the end of the year. Meanwhile, five casinos have yet to apply for a sports betting license but still have six weeks to submit their requirements.

Online Sports Betting is Still in the Works

Residents in 55 out of the 64 parishes in Louisiana voted last year to approve legal sports betting in their respective parishes. The state legislative rushed to pass the necessary laws while the board that oversees Louisiana gamblng immediately drafted the rules to get the application period started.

The processing of applications was slightly delayed by Hurricane Ida with the state focusing its efforts on disaster relief. But once everything was taken cared of, officials worked double time to get legal sports betting going. By late October, the first betting shops inside the casinos were up and running.

As far as online sports betting is concerned, Johns said that component is still being worked on. The financial and background check for the online sports betting providers will take time because these third party contractors don’t have any pre-existing relationship with the state regulators.

WynnBET Gains Louisiana Online Sports Betting Access

Lousiana State Seal With Casino Background

Online sportsbook WynnBet has gained access to the Louisiana online sports betting
market.

It hasn’t been confirmed however how WynnBET gained access although it is believed that it is through one of the Caesars Entertainment properties in the state. Caesars owns the riverboat casinos Isle of Capri Casino Lake Charles and Bossier City Riverboat Casino.

WynnBet Aggressive Expansion

WynnBET is currently available in 16 states including Arizona, Colorado, Indiana, Michigan, New Jersey, Tennessee, and Virginia and has access to 46% of the U.S. population. The company previously said that it has pending access to seven states which would bring its reach to 77% of the total adult population in the United States.

The online gaming division of Wynn Resorts is one of the Approved Sportsbook Operator of the NFL. It is also an authorized gaming operator of sports leagues like MLB, NBA, and NASCAR. WynnBet is also a partner of several team in the NFL, MLB, and the NBA.

Louisiana Targeting October Launch

Louisiana was supposed to launch legal sports betting last month, in time for the opening of the 201 NFL Season. However, Hurricane Ida caused inevitable delays and now the launch is being targeted for this month. However, legal online sports betting could take longer to begin as the Louisiana Gaming Control Board has yet to approve and license outside vendors.

Those who wish to operate legal sports betting in Louisiana will partner with local gambling entities in order to operate in the state. Last August, the state allowed Louisiana’s 15 riverboat casinos, four racinos, and the Harrah’s in New Orleans to file licenses for legal sports betting. These 20 existing gambling entities will be allowed to have two operators or skins which are approved by the Board while the Louisiana Lottery will be allotted one skin.

Louisiana Lawmakers Approve Sports Betting Rules

Lousiana State Seal With Casino Background

The Louisiana Senate voted 33-3 on Thursday to approve the bill containing the rules that will govern sports betting in the 55 Louisiana parishes that agreed to legalize sports wagering.

Gov. John Edwards (D) is expected to sign the measure into a law, which will pave the way for the launch of Louisiana sports betting this fall.

Voters in 55 out of the 64 parishes in Louisiana gave their approval for the legalization of wagering on live sports games. But lawmakers still had to formulate the rules and tax rates before sports gambling can launch. The House had earlier voted 78-15 in favor of the legislation before its approval in the Senate on Thursday.

State to Issue 20 Louisiana Sports Betting Licenses

Under SB 247, the state will issue 20 Louisiana sports betting licenses and allow the Louisiana Lottery to employ one outside firm to run one additional sports betting operation.

Louisiana’s exiting 16 casinos and four race tracks with slot machines will be given priority to acquire the allotted sports betting licenses.

If they are not interested and the licenses are not fully taken by January 1st, video poker outlets and fantasy sports betting operators in parishes where Louisiana sports betting is legal will get a chance to apply for the remaining licenses.

The Louisiana Lottery will oversee the sports betting kiosks found in bars and restaurants that serve alcohol. There is no limit as to the number of bar and restaurants that will be allowed to conduct on-site sports betting.

Key Features of Louisiana Sports Betting

Those who wish to place sports bets, whether on site or online, must be at least 21 years old. That bettor must first set up an account with a Louisiana sports betting operator.

Persons from parishes that voted against the legalization of Louisiana sports betting can place wagers if they do so in parishes that approved legal sports wagering.

The state will tax Louisiana sports betting operators at 10% of net gaming proceeds for onsite sports betting operators and 15% for bets made via mobile apps and other electronic devices.

25% of the state’s revenue ( up to $20M) will be allotted to early learning program for children while the rest will be divided between the horse racing industry, local government, other programs, and the general state Treasury.