§ 27:249.1 — Issuance of permit to conduct racehorse wagering

Louisiana § 27:249.1

• Jurisdiction: Louisiana
• Title 27: Louisiana Legislature

Text

§249.1. Issuance of permit to conduct racehorse wagering
A. The division shall issue a permit to a qualified racehorse wagering operator to
conduct racehorse wagering at the official gaming establishment in accordance with the
provisions of this Chapter.
B. An applicant for a permit to conduct racehorse wagering shall submit with his
application a written contract of the terms between the applicant and the casino gaming
operator authorizing the applicant to conduct racehorse wagering at the official gaming
establishment.
C. The division shall promulgate rules and regulations for the conducting of
racehorse wagering at the official gaming establishment in accordance with the provisions
of this Chapter.
D. The racehorse wagering operator shall deliver to the designated representative at
the licensed racing association operated by the racehorse wagering operator twenty-five
percent of the audited net profits derived from racehorse wagering authorized under this Part
for use as purse supplements. These funds shall be used in addition to all other funds
available for use as purses under current provisions of law. Such amounts shall be paid
quarterly, within thirty days of the end of each quarter.
E. Acceptance of fixed odds wagering on horse races shall only be conducted
pursuant to R.S. 27:612.

Legislative History

Acts 2021, No. 440, §1, eff. July 1, 2021; Acts 2025, No. 291, §2, eff. June 11, 2025.