§ 47:9095 — Sports wagering platform provider; permit; fee

Louisiana § 47:9095

• Jurisdiction: Louisiana
• Title 47: Revenue and Taxation

Text

§9095. Sports wagering platform provider; permit; fee
A. The corporation may issue a sports wagering platform provider permit to suitable
persons to contract with the corporation to manage or operate the corporation's sports book
line-of-business. No person shall manage or operate the corporation's sports book without
a valid permit.
B. In addition to the requirements set forth in R.S. 47:9094, the corporation shall
provide by rule for the standards and requirements of any sports wagering platform. The
rules shall specify technical requirements as well as operational requirements.
C. Any contract between the corporation and a sports wagering platform provider
shall provide for access to the corporation of any information maintained by the platform
provider for verification of compliance with this Chapter.
D. 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 corporation.
E. 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 the corporation. The keeping of books and records shall be
separate and distinct from any other business the sports wagering platform provider might
operate. A sports wagering platform provider shall file quarterly returns with the corporation
listing all of its contracts and services related to sports wagering authorized under this
Subtitle.
F. All servers necessary for the placement or resolution of wagers, other than backup
servers, shall be physically located in Louisiana.
G. 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 at least twenty-one years of age, 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.
H.(1) The initial application fee for a sports wagering platform provider permit shall
be one hundred thousand dollars and shall be nonrefundable. The initial application fee shall
be submitted to the corporation at the time of application.
(2) The permit fee for a sports wagering platform provider permit issued pursuant
to this Section shall be two hundred fifty thousand dollars. The permit shall be for a term of
five years. The permit fee shall be submitted to the corporation on the anniversary date of the
issuance of the permit every five years.
I. The provider of a sports wagering platform shall provide the corporation with a
readily available point of contact to ensure compliance with the requirements of this Chapter.

Legislative History

Acts 2021, No. 80, §4, eff. July 1, 2021.