Louisiana § 27:86 Issuance of permit to conduct racehorse wagering

Louisiana Statutes

§ 27:86 — Issuance of permit to conduct racehorse wagering

Louisiana § 27:86

Title 27Louisiana Legislature

This text of Louisiana § 27:86 (Issuance of permit to conduct racehorse wagering) 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.

Bluebook

La. Stat. Ann. § 27:86 (2026).

Text

§86. Issuance of permit to conduct racehorse wagering

A.The division shall issue a permit to qualified racehorse wagering operators to conduct racehorse wagering on a riverboat 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 with the owner of the gaming license authorizing the applicant to conduct racehorse wagering on the riverboat.

C.The division shall promulgate rules and regulations for the conducting of racehorse wagering on riverboats 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 p

Free access — add to your briefcase to read the full text and ask questions with AI

§86. Issuance of permit to conduct racehorse wagering
A. The division shall issue a permit to qualified racehorse wagering operators to
conduct racehorse wagering on a riverboat 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 with the owner of the gaming license authorizing
the applicant to conduct racehorse wagering on the riverboat.
C. The division shall promulgate rules and regulations for the conducting of
racehorse wagering on riverboats 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 the quarter.
E. Acceptance of fixed odds wagering on horse races shall only be conducted
pursuant to R.S. 27:612.

Legislative History

Acts 1991, No. 753, §1, eff. July 18, 1991. Redesignated from R.S. 4:545 by Acts 1996, 1st Ex. Sess., No. 7, §3, eff. May 1, 1996; Acts 2025, No. 291, §2, eff. June 11, 2025.