State Senate Approves Tax On Fantasy Sports Betting

Betting Website

(Baton Rouge, LA) -- The Louisiana state senate is approving a measure for a 15-and-a-half percent tax on online fantasy sports betting. The senate approved the tax yesterday with an amendment attached for a last-ditch attempt to keep the possibility of live sports betting alive. The legislation now goes back to the house which had already approved the tax but now needs to address the live sports betting amendment. Last November voters in 47 of the state's 64 parishes approved wagering on fantasy sports matchups which many lawmakers have used as momentum to push for legalized betting on all sports.

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