Fantasy Sports betting possible in Louisiana during football season
Published: May 4, 2021, 03: 22 hrs.
Last updated: 4 May, 2021, 03: 44 h.
Louisiana will pick up the pace to start fantasy sports before the start of this year's football season, according to a state official.
Maj. Chuck McNeal of the Louisiana State Police Gaming Enforcement Division said to Monroe, La, News-Star , that two companies have applied to run fantasy sports games in the state. He said he anticipates a start date within a few months.
It will definitely happen before the fall, as long as my investigators get all the necessary documentation and documents, "- said McNeal.
Stacie Stern, director of government affairs for FanDuel , said the company is working with authorities to meet state requirements for fantasy sports games. FanDuel is a New York-based online sports betting company.
"It's definitely a great state for sports fans, so we're looking forward to introducing our product," - Stern said.
Louisiana is home to the NFL team New Orleans Saints and the NBA team New Orleans Pelicans. The state also has several universities with active fan bases, especially football. The Louisiana State University Tigers are an annual powerhouse football, competing in the Southeastern Conference.
In fantasy sports, participants choose a team made up of real players and compare their individual game stats to their opponent's fantasy team for cash prizes.
In November 2018, Louisiana voters in 47 of 64 parishes supported a ballot procedure to allow fantasy sports contests in their community. Participants must be at least 21 or older.
In that election, FanDuel and another betting company, DraftKings, pumped $1 million into a political committee that supported the fantasy sports ballot position, according to Associated Press .
Part of the application process requires companies to verify that games cannot be played in the 17 where voters rejected fantasy contests, the newspaper reported. That process involves using geofencing to block games in those 17
Authorities said game delivery companies will be taxed at 8 percent of net revenue.
As state regulators work out the details of fantasy gaming, lawmakers meet at the Capitol in Baton Rouge to decide whether to allow online sports betting in the state. With online sports betting, bettors can use their smartphones or computer to wager on real sports events.
In November, Louisiana voters approved sports betting in 55 of 64 parishes. However, the ballot measure did not specify whether sports betting would have to take place in person at a casino at betting shops or could be done online.
Louisiana has 13 riverboat casinos, one land-based casino in New Orleans and four racino
State Senate President Page Cortez (R) said sports betting will only generate "significant revenue" if it is allowed on mobile devices such as smartphones. He estimated that mobile sports betting could generate $ $10 million to $20 million in tax revenue each year.
At least nine sports betting bills are being considered this legislative session. The two-month session ends on June 10.