As known from:
The SunFootball365Sportskeeda
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Contains commercial content
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Betting.net / What the Louisiana Sports Betting Tax Rate Means for Bettors

What the Louisiana Sports Betting Tax Rate Means for Bettors

Publish Date: February 4, 2022
Fact checked by: Jesse M Cox

An inevitable part of the legalization of sports betting in Louisiana is taxes. As each US state has its own authority over how it wants to regulate taxes, it’s important to know how Louisiana is going to use this extra revenue. 

Following voting by the 64 parishes in the Bayou State, online sports betting in Louisiana will be available in time for the NFL conference championships — in the 55 parishes where online sports betting was approved anyway.

Eligible voters across the state were given the opportunity to either vote for or against online sports betting within their respective parishes. Only nine parishes rejected the proposal while an overwhelming number of parishes voted to accept it.

Ultimately, this means that a bettor can only wager online in the geographical location of a parish where sports betting is now legal.

If the bettor is not located in one of these areas, geolocation technology must be implemented by all operators to identify that. This means that sportsbooks like FanDuel LA and Caesars Louisiana  will then use this information to prevent bets being placed in off-limit parishes. and the bettor will be blocked from placing bets.

Here are the Louisiana sports betting tax rates

Tax rates for in-person and online sportsbook sites have also been agreed on by the state.

Whether online or land-based, sports betting operators need to pay taxes on the money they make after paying out winners. There is a difference between the tax rate for land-based sportsbooks and online sportsbooks, however. For online and mobile sportsbooks, the tax rate is 15%.

The tax rate is 5% lower for land-based sportsbooks and stands at 10%. This may sound like a lot, but if you compare it to the tax rate in New York, which is a jaw-dropping 51%, it’s a walk in the park.

Where Louisiana sports betting tax is going to

Tax revenue coming from sportsbooks, whether online or land-based, will go to different institutions within the Bayou State. Here is a detailed breakdown:

  • As stipulated by law, 25% of the tax revenue from mobile sports betting in Louisiana will go to early learning programs for children. The amount can go up to $20 million. This effort comes directly from Louisiana lawmakers, and the funds are selected for assisting young children who are entering the educational system for the first time. Currently, this initiative is receiving tax revenue from DFS.
  • Portions of the revenue also go to social programs, the Louisiana Thoroughbred Breeders Association, the Louisiana State Racing Commission, as well as the general state treasury.
  • Another portion of the tax revenue is targeted towards local government programs in the 55 parishes that voted for the legalization of sports betting. That money will be awarded on a proportional basis, based on each parish’s individual revenue.
  • Finally, the Louisiana Gaming Control Board requires that up to $500,000 needs to be allocated to the Louisiana Association on Compulsive Gambling.

According to LA news sources like the Monroe News Star, sports betting in Louisiana is projected to bring in $30 million annually. Additionally, $4 million of this annual revenue can come from land-based sportsbooks alone.

The Louisiana Gaming Control Board is allowed to award up to 41 online sports betting licenses in the Bayou State. This could boost tax revenue to a sky-high amount when more sportsbooks launch in Lousiana.

Best Louisiana Sportsbook:

Bet365
1.
Favicon
4.6/5
Bet $1 & Get $200 in Bonus Bets
Virginia
Players from Virginia accepted
Virginia (US) Lottery Board
Visit Site
T&Cs apply, 21+
BetMGM
2.
Favicon
4.6/5
100% up to $1000
Virginia
Players from Virginia accepted
PayNearMe
PayPal
Bank Transfer
Virginia (US) Lottery Board
Visit Site
T&Cs apply, 21+
BetRivers.com
3.
Favicon
4.5/5
100% up to $500
Virginia
Players from Virginia accepted
PayNearMe
Bank Transfer
VIP Preferred
Virginia (US) Lottery Board
Visit Site
T&Cs apply, 21+
PointsBet
4.
Favicon
4.5/5
5 x $50Bet Credits
Virginia
Players from Virginia accepted
E-Check
Prepaid Card
PayNearMe
Virginia (US) Lottery Board
Visit Site
T&Cs apply, 21+
FanDuel
5.
Favicon
4.5/5
Get up to $1,000 back in bonus bets
Virginia
Players from Virginia accepted
Prepaid Card
PayNearMe
PayPal
Virginia (US) Lottery Board
Visit Site
T&Cs apply, 21+
Read Also
North Carolina Online Sports Betting Bill Fails By A Single Vote
North Carolina appeared poised to pass a measure that would allow legal ...
Wait ‘Til Next Year For Missouri Sports Betting
Things were looking very promising for Missouri sports bettors early in the ...
BetMGM Promo
Mobile Sports Betting Launches In Arkansas
The Arkansas state joint budget committee approved rules that allow the state’s ...
How Louisiana’s Parishes Created a Unique Online Sports Betting Situation
Residents of Louisiana had the opportunity to vote for or against the ...
Is DraftKings sportsbook legal in Louisiana?
On January 28 2022, Louisiana declared online sports betting legal and six ...
Sportsbook of the month
PointsBet - Get your Bonus Bet now! Get your Bonus Bet now!
Latest News
Danville: Golden Nugget casino officially opens this Saturday
The Golden Nugget Danville Casino will finally open ...
Mississippi gaming revenue hits $3B milestone record
Mississippi's gaming revenue has surged from $122 million ...
Fanatics Sportsbook in talks to acquire PointsBet USA
Fanatics Sportsbook, the sports betting division of renowned ...
Survey: One in four people in Maryland interested in sports betting
According to a recent survey by Goucher College, ...
UK announces plans to tackle gambling addiction with compulsory levy
The UK government plans to impose a compulsory ...
Top Betting Sites
Top Betting Bonuses
Bet365
Bet365
Bet365 Review
4.6/5
BetMGM
BetMGM
BetMGM Review
4.6/5
BetRivers.com
BetRivers.com
BetRivers.com Review
4.5/5
PointsBet
PointsBet
PointsBet Review
4.5/5
FanDuel
FanDuel
FanDuel Review
4.5/5
Bet365
Bet365 Bonus
Bet $1 & Get $200 in Bonus Bets
T&Cs apply
4.6/5
Bet $1 and Get $200 in Bonus Bets at bet365. Deposit required. Bonus Bets winnings are added to Bonus Bets balance. Bonus Bet wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetMGM
BetMGM Bonus
100% up to $1000
T&Cs apply
4.6/5
BetRivers.com
BetRivers.com Bonus
100% up to $500
T&Cs apply
4.5/5
PointsBet
PointsBet Bonus
5 x $50Bet Credits
T&Cs apply
4.5/5
FanDuel
FanDuel Bonus
Get up to $1,000 back in bonus bets
T&Cs apply
4.5/5
Get the latest updates in Sports and Casino via our Newsletter
Poker & Bingo

Full coverage of poker and bingo, from reviews of providers to guides and much more besides!

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

21+NCPG
Move to Top
Close
Stake.us Exclusive Bonus
5% Rakeback
Promo Code
Copy
Visit Site
T&Cs apply, 18+
Payment Methods
Bitcoin
Litecoin
Ethereum
Dogecoin
Highlights
  • Exclusive promo code: BETCRYPTO
  • Drake loves this social casino!
  • Play for free with Gold Coins!
Stake Originals
Dice
Crash
Plinko
Mines
×
Your Bonus Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site