Louisiana House passes betting tax bill, cuts lottery into market
A bill setting out tax rates, license fees and other requirements for sports wagering in Louisiana – and allows the lottery to take part in the market – has been passed by the state House of Representatives and will now advance to the Senate.
Under House Bill 697, filed by John Stefanski, retail bets at land-based casinos would be taxes at 10%, while online bets would face a higher tax rate of 18%.
The bill also includes a $250,000 application fee for operating licenses, followed by a $500,000 fee on receipt of the license itself.
Sports betting platform providers would also require their own type of license, which carries a $100,000 application fee and a $250,000 fee upon receipt.