Louisiana Revised Statutes 47:9096 – A. The corporation shall issue a sports wagering service provider permit to suitable persons which contract with an operator to provide support services for an operator’s sports book
Terms Used In Louisiana Revised Statutes 47:9096
- 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.
- operator: means a suitable person that holds a permit from the corporation to engage in the operation of a sports book on behalf of the corporation. See Louisiana Revised Statutes 47:9002
- 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
- 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 shall issue a sports wagering service provider permit to suitable persons which contract with an operator to provide support services for an operator’s sports book. A person shall not provide support services to the operator without a valid permit.
B. Any contract between the corporation and a sports wagering service provider shall provide for access to the corporation of any information maintained by the platform provider for verification of compliance with this Chapter.
C. A sports wagering service provider shall keep books and records for the management of sports wagering as authorized by this Chapter and for services for which it is contracted by the operator. The keeping of books and records shall be separate and distinct from any other business the sports wagering service provider might operate. A sports wagering service provider shall file quarterly returns with the corporation listing all of its contracts and services related to sports wagering authorized under this Subtitle.
D. The initial application fee for a sports wagering service provider permit shall be ten thousand dollars and shall be nonrefundable. The initial application fee shall be submitted to the corporation at the time of application.
E. The permit fee for a sports wagering service provider permit issued pursuant to this Section shall be twelve thousand five hundred 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. The first permit payment shall be submitted to the corporation at the time of application.
Acts 2021, No. 80, §4, eff. July 1, 2021.