Louisiana Revised Statutes 47:9099 – A. To place a sports wager with an operator, the corporation shall confirm and a player shall meet all of the following requirements:
Terms Used In Louisiana Revised Statutes 47:9099
- AML: means the requirements and guidelines provided in the federal Bank Secrecy Act of 1970, as amended, and the Anti-Money Laundering Act of 2020, as amended, for the prevention and detection of money laundering and the financing of terrorism. See Louisiana Revised Statutes 47:9002
- 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
- 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.
- Mobile application: means an application on a mobile phone or other device through which a player is able to register, fund, and place a wager with an operator on a sports event and receive a credit on their sports wagering account. See Louisiana Revised Statutes 47:9002
- 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
- Permittee: means any person who is issued a permit 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
- player: means an individual who places a wager on a sports event. 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 event: means any professional sport or athletic event, any collegiate sport or athletic event, any Olympic or international sports competition event, or any other special event or competition of relative skill as authorized by the corporation to be a sports event for purposes of this Chapter. 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 account: means an electronic financial record established with an operator for an individual patron in which the patron may deposit and withdraw funds for sports wagering and other authorized purchases and to which the operator may credit winnings or other amounts due to that patron or authorized by that patron. See Louisiana Revised Statutes 47:9002
A. To place a sports wager with an operator, the corporation shall confirm and a player shall meet all of the following requirements:
(1) Is twenty-one years of age or older.
(2) Is physically located in a parish that has approved a proposition authorizing sports wagering at the time the wager is initiated or placed.
(3) Has a sports wagering account established with the operator if the player is attempting to place a sports wager through a website or mobile application.
(4) Is not prohibited from wagering with the corporation by law, rule, policy of the corporation, self-exclusion, or pursuant to La. Rev. Stat. 27:27.1.
B.(1) The operator shall not knowingly accept wagers from a person who is an athlete, coach, referee, or other official or staff of a participant or team that is participating in the sports event on which the person is attempting to place the wager.
(2) The operator shall not knowingly accept wagers from a person who is a director, officer, owner, or employee of the operator or any relative or other person living in the same household as a director, officer, owner, or employee of the operator.
C. No sports wagers may be accepted or paid by any operator on any of the following:
(1) Any sport or athletic event not authorized by law.
(2) Any sport or athletic event which the operator knows or reasonably should know is being placed by or on behalf of an official, owner, coach, or staff of a participant or team that participates in that event.
(3) A single act in a team event solely in the control of one participant acting independently.
(4) The occurrence of injuries or penalties, or the outcome of an athlete’s disciplinary rulings, or replay reviews.
D. Any operator or permittee shall promptly report to the corporation on the following activities:
(1) Any criminal or disciplinary proceedings commenced against any operator or its employees, in connection with the operations of the sports book.
(2) Any abnormal wagering activity or patterns that may indicate a concern about the integrity of a sports event.
(3) Any other conduct with the potential to corrupt a wagering outcome of a sports event for purposes of financial gain, including but not limited to match fixing.
(4) Suspicious or illegal wagering activities, including the use of funds derived from illegal activity, wagers to conceal or launder funds derived from illegal activity, use of agents to place wagers, or use of false identification.
E. Operators shall establish and display the odds at which wagers may be placed on sports events. Operators shall not accept a wager via a sports wagering mechanism, or through a website or mobile application unless the wagering proposition is posted by electronic or manual means.
F. Operators shall maintain records of sports wagering activities and operations and follow AML practices in day-to-day operations of its business.
Acts 2021, No. 80, §4, eff. July 1, 2021.