Louisiana fantasy sports betting could arrive this spring
The Louisiana Gaming Control Board has submitted final rules for the state’s long awaited fantasy sports betting venture, which could roll out as early as April or May.
The Associated Press reports that LGCB has approved licensing application regulations in coordination with the State Police’s Gaming Enforcement Division.
DFS was already legal in Louisiana as a non-wagerable activity.
Fantasy sports betting operators will be able to begin applying for licenses on Feb. 19, and real money contests could go live by spring.
Louisiana voters approved DFS in November of 2018, but it took lawmakers a year and a half to approve tax structure and other necessary details.
Real money contests will be limited to the 47 of 64 parishes that voted in support of DFS during the 2018 election.
According to the AP, anyone will be able to travel to parishes where DFS is permitted and play using online sites.
DraftKings and FanDuel are expected to compete for a majority of real money DFS market share in Louisiana.
Full-on sports betting is eventually heading to much of the Bayou after voters in 55 parishes voted to legalize the activity this past November.
Given the slow pace of DFS roll-out, it’s unlikely that sports betting will arrive anytime next year, but lawmakers could be under more pressure to regulate and launch sports wagering as a way to shore up a significant state budget deficit.
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