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Can you summarize LARS 27.603?
GENERAL PROVISIONS > Gaming Control Board; state police; duties and powers
Short Summary
This legal document pertains to the regulation of sports wagering in Louisiana. The Louisiana Gaming Control Board is responsible for performing the duties and functions authorized by this Chapter. The board has the authority, control, and jurisdiction over the regulation of sports wagering. The board is required to develop qualifications, standards, processes, and procedures for the issuance and renewal of licenses to operate a sports book. They also establish qualifications, standards, and processes for permitting sports wagering platform providers, manufacturers, suppliers, and personnel. The board is responsible for promulgating forms, processes, and procedures necessary for the implementation, administration, and regulation of sports wagering. They establish standards for reserves, guidelines for accepting wagers, and requirements for operators to comply with anti-money laundering (AML) standards. The board also sets standards for the use of credit and checks by players, requires operators to submit internal controls for electronic wagering and operational controls for server-based gaming systems, and establishes standards for equipment used by operators. The gaming division of the office of state police is charged with inspecting and ensuring compliance with the requirements of this Chapter. They may also be assigned other tasks deemed necessary for the regulation of sports wagering in Louisiana.
Whom does it apply to?
Louisiana Gaming Control Board, state police
What does it govern?
Regulation of sports wagering
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
Louisiana