Louisiana Revised Statutes 47:9097 – A.(1) The corporation may issue a sports wagering distributor permit to any suitable business or legal entity that markets, buys, sells, leases, services, or repairs sports wagering
Terms Used In Louisiana Revised Statutes 47:9097
- 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.
- Distributor: means a permitted business or legal entity that is domiciled in this state and markets, buys, sells, leases, services, or repairs sports wagering mechanisms in this state. See Louisiana Revised Statutes 47:9002
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- 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 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
A.(1) The corporation may issue a sports wagering distributor permit to any suitable business or legal entity that markets, buys, sells, leases, services, or repairs sports wagering mechanisms in this state. No person shall market, buy, sell, lease, service, or repair a sports wagering mechanism without a valid permit.
(2) Notwithstanding the provisions of Paragraph (1) of this Subsection, only distributors domiciled in Louisiana shall be issued a permit for the services of collection and repair of sports wagering mechanisms.
B. Any contract between the corporation and a sports wagering distributor shall provide for access to the corporation of any information maintained by the distributor for verification of compliance with this Chapter.
C. The initial application fee for a sports wagering distributor permit shall be five thousand dollars and shall be nonrefundable. The initial application fee shall be submitted to the corporation at the time of application.
D. The permit fee for a sports wagering distributor permit issued pursuant to this Section shall be two 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.
E. The corporation shall adopt written policies and rules to guarantee that multiple distributors and vendors shall contract with the operator to provide maximum opportunities for economic development.
Acts 2021, No. 80, §4, eff. July 1, 2021.