On June 10, 2021, the Louisiana State Legislature approved legislation establishing a licensing framework for retail and online sports betting in the 55 Louisiana parishes that voted to authorize sports betting in the November 2020 election. The legislation is one of two bills passed to facilitate retail and online sports betting in Louisiana. The other bill, which imposes a 10% tax on proceeds from in-person sports betting and a 15% tax on net proceeds from online sports betting, was signed into law by Governor John Bel Edwards on June 4. Governor Edwards is expected to sign the licensing bill in the coming days.
Retail Sports Betting Archives
Connecticut Legislature Passes Bill Legalizing Retail and Online Sports Betting, Online Casino Gaming, and DFS
On May 25, 2021, the Connecticut General Assembly enacted legislation authorizing retail and online sports betting, online casino gaming and online daily fantasy sports (DFS), to be offered exclusively by the Connecticut Lottery Corporation (the Lottery) and the state’s Mashantucket Pequot and Mohegan Indian Tribes (the Tribes). The expanded gaming bill was developed alongside a new state-tribal gaming compact that will allow the Tribes to conduct retail and online sports betting and DFS operations on tribal land. Even after the bill is signed into law by Governor Ted Lamont, its expanded gaming provisions will only take effect once the new compacts are approved by the U.S. Bureau of Indian Affairs. Gov. Lamont is expected to submit the compacts for Bureau approval in the coming weeks. continue reading
Florida Reaches Deal on 30-Year Gaming Compact Authorizing Retail and Mobile Sports Betting Under Exclusive Control of Seminole Indian Tribe
On Friday, April 23, 2021, Florida Governor Ron DeSantis announced a 30-year Tribal Gaming Compact with the Seminole Indian Tribe that authorizes retail and online sports betting in the state under the Tribe’s exclusive control. The Compact requires the Tribe to make annual “revenue share payments” to the state consisting of up to 13.5% of “Net Wins” (i.e., the Tribe’s total receipts from all wagers, minus the value of any prizes paid out or promotional credits issued), with guaranteed minimum payments of $500 million per year for the first five years of the agreement. continue reading
Arizona Legalizes Retail and Online Sports Betting, Daily Fantasy Sports Contests
On April 15, 2021, Governor Doug Ducey signed legislation authorizing both retail and online sports betting in Arizona. The new law also legalizes daily fantasy sports contests, which have been prohibited in the state since 1998, when the state’s attorney general issued an opinion proclaiming that fantasy sports contests constitute illegal gambling. continue reading