WynnBET announced it gained access to Louisiana sports betting market. It would be the 17th state where the sports betting company secured a spot in the market. Also, WynnBET signed a deal with one of the Caesars’ casinos in the state.
Caesars has several properties in Louisiana. If they get a sportsbook license, they will also receive two sports betting licenses. In addition, the WynnBET sports betting platform is available in Colorado, Indiana, Arizona, Michigan, Tennessee, Virginia, and New Jersey.
According to sports betting software experts, in-person sports betting will be available in Louisiana in October. Also, the state is issuing temporary retail sportsbook licenses to casinos, riverboats, and racinos.
Louisiana Sports Betting Market
At present, Louisiana doesn’t have a timeline for the launch of online sports betting. However, it will come in the second stage of the sports wagering launch in the state. Also, the Louisiana Gaming Control Board said that online vendors need a separate license. In addition, they need to go through strict background checks before signing any online betting deals.
Louisiana will give out 20 sports betting licenses. Each license will have two online permits. As a result, the state will have 41 skins for online sports betting in the state. The one extra skin will be for the Louisiana Lottery Corporation.
Each property with a sports betting license needs to construct a retail sportsbook. Facilities with a liquor license can have a sportsbook kiosk under the supervision of the Louisiana Lottery Corporation. Also, they will pay a tax of ten percent.
Sports betting is legal in 55 parishes in Louisiana after voters in the parishes approved it during the November 2020 election. Thus, sports wagering will not be available in Caldwell, Franklin, LaSalle, Union, Winn, West Carroll, Sabine, Jackson, and Catahoula.