§ 27:612 — Fixed odds wagering on horse races

§612. Fixed odds wagering on horse races
A. "Fixed odds wagering on horse races" means the acceptance of sports wagers on
a sports event of a live or simulcast horse race with predetermined odds.
B.(1) "Fixed odds wager on horse races" means a sum of money or representation
of value risked by a player on an occurrence associated with a sports event involving race
horses for which the outcome is uncertain. The term includes single-race bets, teaser bets,
moneyline bets, in-race wagering, proposition bets, straight bets, and parlays.
(2) Net gaming proceeds from all fixed odds wagers on horse races, other than
parlays, shall be allocated as provided in R.S. 27:625(G)(4)(a)(ii) and shall be credited to the
Fixed Odds Horse Wagering Purse Supplement Fund established by R.S. 4:200.
(3) Net gaming proceeds from all fixed odds wagers on horse races, in conjunction
with a parlay bet with other sports events, excluding another horse racing event, shall be
allocated as provided in R.S. 27:625(G)(4)(a)(i) and shall be credited to the Sports Wagering
Purse Supplement Fund established by R.S. 4:199.
C.(1) The licensee or its sports wagering platform may accept fixed odds wagers on
horse races conducted out of state, in accordance with the Interstate Horseracing Act of 1978,
15 U.S.C. 3001 et seq.
(2) The licensee or its sports wagering platform may accept fixed odds wagers on
horse races conducted in this state after obtaining consent of the host racetrack and the
Horsemen's Benevolent and Protective Association.

Legislative History

Acts 2025, No. 291, §2, eff. June 11, 2025.