State parish decides to allow gambling after poll

The state parish decided to allow gambling after the vote – The Associated Press said that another seven parishes were still too close to calling, meaning only five had made a decisive choice against it. Catahoula, Franklin, LaSalle, West Carroll, and Winn are the rural parishes expected to say “No” to sports betting, while Beauregard, Caldwell, Grant, Jackson, Richland, Sabine and Union are still counting the votes, according to the Louisiana-based CBS affiliate.

Like Maryland and South Dakota, legislators still need to agree on regulations and tax rates for their markets, which will be done during the 2021 legislative session. The best case scenario for bettors is a launch in late 2021. The more likely scenario is a 2022 launch.

It was a predictable result considering that the state had a similar vote two years ago when 47 parishes voted to legalize daily fantasy sports competitions for real money bonus138.

According to Baton Rouge Lawyers, the estimate of the potential tax revenue derived from sports betting remains unclear.

With legalization in Maryland, South Dakota and Louisiana of this election cycle, there are 24 states that allow sports betting, although some are still awaiting market launch.

The infamous Wire Act has been cited time and time again as one of the main pieces of legislation used to regulate online gambling. In its original form, passed in 1961, the Wire Act only applies to sports betting for the 2022 world cup.

However, the US Department of Justice under the Trump administration and then Attorney General Jeff Sessions tried to reinterpret the Wire Act in 2019. Their goal was to make it applicable to all other types of online gambling, including online casinos and online poker. . The Wire Act, as such, only applies to sports bets when they are made.

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