Louisiana Revised Statutes 47:9095 – 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-o
Terms Used In Louisiana Revised Statutes 47:9095
- Application: means the forms and schedules prescribed by the corporation upon which an applicant seeks a permit or the renewal of a permit. See Louisiana Revised Statutes 47:9002
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: means the Louisiana Lottery Corporation. See Louisiana Revised Statutes 47:9002
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Permit: means any permit or authorization, or application therefor, issued pursuant to the provisions of this Subtitle. See Louisiana Revised Statutes 47:9002
- Person: means any individual, corporation, partnership, unincorporated association, or other legal entity. See Louisiana Revised Statutes 47:9002
- Sports book: means the offering of sports wagering by a sports wagering platform provider on the premises of a permitted retail establishment or through a sports wagering platform. See Louisiana Revised Statutes 47:9002
- Sports wagering: means the acceptance of a wager on a sports event or on a portion of a sports event or on the individual performance or statistics of an athlete or participant in a sports event or a combination of sports events, by any system or method of wagering. See Louisiana Revised Statutes 47:9002
- Sports wagering platform: means an integrated system of hardware, software, or applications, including mobile applications and servers, through which an operator conducts the business of offering sports wagering conducted in accordance with this Subtitle. See Louisiana Revised Statutes 47:9002
- Subtitle: means and includes all the Chapters in Subtitle II of this Title 47 and any other Title of the Louisiana Revised Statutes of 1950 except the provisions of Chapter 1 of Subtitle IV of Title 47 of the Louisiana Revised Statutes of 1950 and estate taxes for the assessment, collection, administration, and enforcement of taxes, fees, licenses, penalties, and interest due the state of Louisiana which have been delegated to the Department of Revenue. See Louisiana Revised Statutes 47:1501
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 La. Rev. Stat. 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.
Acts 2021, No. 80, §4, eff. July 1, 2021.