The Louisiana State Legislature has done an about-face regarding a bill that was proposing to eliminate all prop wagering on sports betting in the state.
Late last week, Senator Katrina Jackson-Andrews pulled the bill that she originally filed in February. Senate Bill 354 (SB 354) proposed the elimination of all prop betting from the legal and regulated sports betting market in Louisiana.
Jackson-Andrews, who also serves on the State Finance Committee, was presented with a fiscal note showing just how much damage a ban on prop wagering could do to the state's coffers.
Fiscal notes estimate a bill’s cost. These notes are compiled by members of the legislature’s nonpartisan staff.
The fiscal note assessed that if such a ban had been in place for 2025, Louisiana would have lost $28.9 million in tax revenue. The Louisiana Gaming Control Board, the state regulator of sports betting, reported to the Legislative Fiscal Office that 40% of online sports betting revenue and 13% of retail sports betting revenue come from prop bets.
That report led Jackson-Andrews to pull her bill from consideration.
“It is an extremely serious issue that I need to revisit without this type of fiscal note on it,”
Jackson-Andrews said
in an interview with NOLA.com. “I realize the serious nature of what it does to the budget.”
Data processed as part of the fiscal note indicated that a prop bet ban could lead to a $21 million annual decrease in the state general fund. Revenue allocated to other state-run funds could be deprived of as much as $17 million annually.
“I try to bring very responsible legislation, and I believe this piece is a responsible piece of legislation,” Jackson-Andrews said. “But also, serving on finance, understanding that if this bill moves forward, we will have to find that $17 million for the state general fund.”
The fiscal note added a caveat that if prop betting - the wagering on a specific outcome within a game - were eliminated, it’s entirely likely that bettors would simply find some other avenue to place their wagers.
“Consumer activity is expected to shift to other available forms of gaming rather than be substantially reduced,” the note read. “To the degree this happens, the projected negative revenue impacts may be mitigated to an unknown degree.”
Jackson-Andrews remains a proponent of tighter restrictions on prop betting
Jackson-Andrews added that while the bill was done for the current state legislative session, she intended to introduce new legislation relating to prop betting for the 2027 session.
“That doesn’t mean that I’m done with this legislation,” Jackson-Andrews said. “That means, for this session, I am done and trying to come back with something a little more reasonable regarding the fiscal cost.
“My issue with prop betting and micro betting is this, to be very clear, is that it’s very compulsive in nature.”
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