Back in November of 2020, residents in Louisiana unanimously voted to legalize and regulate sports betting. Since that time, however, officials have been working to come up with specific regulations for this new form of gambling. This week, Louisiana’s first sportsbook finally went live.
Millions have been eagerly waiting for sports betting options to become available here. Many more sportsbooks are expected to launch in Louisiana in the coming months.
Here’s a quick look at what is now available here.
Paragon Casino Welcomes Louisiana’s First Sportsbook
Louisiana is home to a massive casino industry. Both tribal and commercial casinos have been able to operate here for many years. The owners of these gambling venues have been eagerly awaiting permission to launch a brand new sportsbook.
On Wednesday, Louisiana’s first sportsbook officially went live in the Paragon Casino. This property, located in Marksville, has a massive fan base throughout the state. It has officially welcomed “The Draft Room,” and is being run in partnership with Betfred Sports. Marshall Pierite, chairman of the tribe that owns Paragon Casino, recently spoke to the media about the launch of this sportsbook.
“As a native Louisianan and Chairman of the Tunica-Biloxi Tribe of Louisiana, I am thrilled to help usher in sports betting to our state,” Pierite said.
Most of Lousiana’s other casinos are now preparing to launch their own sportsbooks. First, however, these properties need to gain permission from the Louisiana Lottery.
Paragon Casinos is currently only allowing land-based sports betting. Officials within the casino claim that mobile betting options will be launching in the near future. The Louisiana Lottery claims it will likely be January before online sports betting options go live in the state.
Other states continue working to launch their first sportsbooks. Here’s a look at the process some of these different states are going through.
More States Reveal Delay Launching Their First Sportsbooks
PASPA’s removal changed the US gambling industry forever. More than half the United States now has a legal sports betting industry set in place. Several states have approved sports betting bills, yet have not launched any regulated sportsbooks.
Florida is one of those states. Governor DeSantis approved a set of compacts earlier this year that would allow the Seminole Tribe to launch both land-based and online sports betting. Unfortunately, several companies have filed lawsuits against the state’s sports betting plans.
Several pari-mutuel companies are now arguing that allowing the Seminole Tribe to launch online sportsbooks goes against the state constitution. This legal dispute has been going on for months. Seminole leaders are hopeful that things are resolved within the next few weeks.
Nebraska residents approved a measure to legalize sports gambling late last year. This state has yet to narrow down the regulations for this form of gambling, though. It still seems possible for the first sportsbooks in Nebraska to launch before the end of 2021, though.
It may not be long before the entire country has a regulated sports betting industry set in place. Stay tuned for updates!
How is the Casino Industry in Louisiana Faring Right Now?
There are a huge number of popular gambling venues based in Louisiana right now. Some of these are riverboat casinos based off the coast. Several popular land-based casinos are also based here and help to bring the state a large amount of tax revenue each year.
The casinos here have faced some major issues over the past nine months. Several hurricanes have struck Louisiana this year. These storms have forced casino closures and resulted in large revenue drops on several occasions.
Things seem to be going well for Louisiana’s casinos in recent weeks. The launch of Louisiana’s first sportsbooks will certainly help. A huge number of people will soon begin flocking into the state’s various casinos that finally launch their first sportsbooks.
Louisiana is now home to the largest gambling industry in the Southern US. It may eventually face competition from nearby states such as Mississippi and perhaps even Texas.
Are you excited to see Louisiana’s first sportsbook go live? How do you think the state’s sports betting industry will fare moving forward? Let us know in the comments section below!