Louisiana Senate passes bill to raise online sports betting tax to 21.5%
The Louisiana Senate passed House Bill 639 by 35 votes to three on 8 June, sending the measure to Governor Jeff Landry for signature. The bill proposes raising the online sports betting tax from 15% to 21.5% and directing 25% of state sports betting tax revenues to the SPORT Fund for NCAA Division I university athletic departments.
The proposed tax increase would change licensed operators’ tax burden, while assigning a share of receipts to university athletics.