In the face of the Covid-19 pandemic, nearly all events in the sporting world have been suspended. As such, several US states are moving to legalize online sports betting in a bid to tap revenue from online gaming before things get back to normal, and Louisiana appears next in line.
Earlier this week, Senate Bill 130 (SB 130) was approved by the Louisiana senate judiciary committee. This approval comes after several attempts by Senator Danny Martiny to have the bill passed into law only to be stalled for over a year. SB 130 is currently enjoying the support of Senator Cameron Henry who had fought against the bill in the past.
The bill was passed as a move to try and recover lost revenue from the Coronavirus outbreak and to retain local gaming revenue because Louisiana residents had for long been preferring the neighboring states when it came to betting.
All the efforts to legalize sports betting within the state now entirely depend on the residents’ vote concerning the matter. The approval of the expansion of gambling in the state to include both casinos and sports betting now depend on a ballot entry set for November this year.
However, even if the residents vote in favor of SB 130, there is still a long process ahead. Several factors will need to be considered and discussed, such as the taxation system and how best to run the activity while protecting the online gambling players. This could cause plenty of delays as in the case of Fantasy Sports, a bill that was approved in 2018 but is still on the shelf undergoing discussions to date.