Signed by Governor Jeff Landry

Vote Smart's Synopsis:

Vote to pass a bill that increases the tax on online gambling to 21% in Louisiana.

Highlights:

• Specifies that there is hereby levied a 21.5% percent tax upon the net gaming proceeds from sports wagering offered to consumers within this state pursuant to this Title electronically through a website or mobile application (Sec. 1).

• Specifies that 3% of the money collected shall be credited to the Louisiana Postsecondary Inclusive Education Fund (Sec. 1)

• Specifies that the Board of Regents shall distribute funds received equally among eligible institutions. Each eligible university athletic department shall receive an equal distribution of funds for use in accordance with the provisions of this Section (Sec. 2).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that increases the tax on online gambling to 21% in Louisiana.

Highlights:

• Specifies that there is hereby levied a 21.5% percent tax upon the net gaming proceeds from sports wagering offered to consumers within this state pursuant to this Title electronically through a website or mobile application (Sec. 1).

• Specifies that 3% of the money collected shall be credited to the Louisiana Postsecondary Inclusive Education Fund (Sec. 1)

• Specifies that the Board of Regents shall distribute funds received equally among eligible institutions. Each eligible university athletic department shall receive an equal distribution of funds for use in accordance with the provisions of this Section (Sec. 2).

Full Bill Text