Louisiana Revised Statutes 47:9105 – A. There is hereby levied a ten percent tax upon the net gaming proceeds of an operator from sports wagering offered to consumers within this state pursuant to this Title onsite at a
Terms Used In Louisiana Revised Statutes 47:9105
- 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.
- Net gaming proceeds: means the amount equal to the total gross revenue of all sports wagers placed by patrons less the total amount of all winnings paid out to patrons. 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
- Retail establishment: means a retail business that is permitted by the corporation to host a sports wagering mechanism. See Louisiana Revised Statutes 47:9002
- Security: means the protection of information that would provide an unfair advantage to any individual involved in the operation of the lottery, protection and preservation of the integrity of lottery games and operations, as well as measures taken to prevent crimes against the corporation and its retailers. 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. There is hereby levied a ten percent tax upon the net gaming proceeds of an operator from sports wagering offered to consumers within this state pursuant to this Title onsite at a permitted retail establishment through a sports wagering mechanism.
B. There is hereby levied a fifteen percent tax upon the net gaming proceeds of an operator from sports wagering offered to consumers within this state pursuant to this Title electronically through a website or mobile application.
C. Within twenty days of the last day of each calendar month the corporation shall collect the taxes imposed pursuant to the provisions of this Section for the immediately preceding calendar month.
D. All taxes collected by the corporation pursuant to this Section shall be deposited into the Disability Services Fund as provided by La. Rev. Stat. 28:826. These monies shall be forwarded upon receipt to the state treasury. Funds deposited into the treasury shall first be credited to the Bond Security and Redemption Fund in accordance with La. Const. Art. VII, § 9(B) .
E. In a month when the amount of net gaming proceeds of an operator from sports wagering is a negative number, the operator may carry over the negative amount to the return filed for the subsequent month. However, no amount shall be carried over in any period more than twelve months after the month in which the amount carried over was originally due.
Acts 2021, No. 80, §4, eff. July 1, 2021.