This text of Louisiana § 27:605 (Sports wagering platform provider) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
§605. Sports wagering platform provider
A.
(1)The board shall issue a sports wagering platform provider permit to a suitable
person who desires to contract with a licensee to manage or operate all or a portion of a
licensee's sports book line-of-business. A person shall not manage or operate all or a portion
of a licensee's sports book unless it possesses a valid permit.
(2)In addition to the standards provided in R.S. 27:28, in determining an applicant's
suitability as a sports wagering platform provider, the board may request from the applicant
and consider as a factor in its determination any of the items of information listed in R.S.
27:604(C) that it considers relevant.
B.
(1)A sports wagering platform provider shall contract with a licensee to provide
sports wagering services.
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§605. Sports wagering platform provider
A.(1) The board shall issue a sports wagering platform provider permit to a suitable
person who desires to contract with a licensee to manage or operate all or a portion of a
licensee's sports book line-of-business. A person shall not manage or operate all or a portion
of a licensee's sports book unless it possesses a valid permit.
(2) In addition to the standards provided in R.S. 27:28, in determining an applicant's
suitability as a sports wagering platform provider, the board may request from the applicant
and consider as a factor in its determination any of the items of information listed in R.S.
27:604(C) that it considers relevant.
B.(1) A sports wagering platform provider shall contract with a licensee to provide
sports wagering services.
(2) Any contract between the licensee and its sports wagering platform provider shall
provide for access by the board and the division to any information maintained by the
platform provider for verification of compliance with this Chapter.
C. A sports wagering platform provider shall use no more than one sports wagering
platform to offer, conduct, or operate a sports book on behalf of the licensee.
D. A sports wagering platform provider shall keep books and records for the
management and operation of sports wagering as authorized by this Chapter and for services
for which it is contracted by a licensee. The keeping of books and records shall be separate
and distinct from any other business the sports wagering platform provider operates. A sports
wagering platform provider shall file quarterly reports with the board listing all of its
contracts and services related to sports wagering authorized under this Title.
E.(1) The board shall provide by rule for the standards and requirements of a sports
wagering platform. The rules shall specify technical requirements as well as operational
requirements.
(2) Only a sports wagering platform that meets the standards and requirements as
provided by rule may be used by an operator to book sports wagers.
F. The sports wagering platform provider shall provide the division with a readily
available point of contact to ensure compliance with the requirements of this Chapter.
G. All servers responsible for the processing of sports wagers shall be physically
located in Louisiana. Any other servers used in connection with the sports wagering platform
provider may be located outside Louisiana and nothing in this Chapter shall prevent the use
of cloud computing.
H. Any sports wagering platform utilized for electronic wagering shall have a
component of its design to reasonably verify that the person attempting to place the wager
is:
(1) At least twenty-one years of age.
(2) Physically located in the state and not physically located in a parish that has not
approved a proposition to authorize sports wagering at the time the wager is initiated or
placed.
(3) Not a person who is otherwise prohibited from wagering with the operator
through law, rule, policy of the operator, self-exclusion, or pursuant to R.S. 27:27.1.