Louisiana betting tax bill moves to Governor after Senate approval

| By Nosa Omoigui
A Louisiana sports betting bill dictating tax rates, licensing fees and other sports wagering requirements within the state has been approved by the Senate, meaning both houses have now passed the bill.
Louisiana bill passes Senate

House Bill 697 was first introduced in April, and was approved by the House of Representatives earlier this month. 

In addition to taxing retail bets and online bets at 10% and 18% respectively, the bill also proposes a $250,000 application fee for operating licenses and a $500,000 fee on receipt of the license itself.

Read the full story on iGB North America.

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