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Can you summarize LARS 47.9099?
LOUISIANA LOTTERY CORPORATION SPORTS WAGERING > Wagering; limitations
Short Summary
This legal document governs sports wagering in Louisiana under the Louisiana Lottery Corporation Law. To place a sports wager with an operator, the corporation confirms that the player meets certain requirements. These requirements include being twenty-one years of age or older, being physically located in a parish that has approved sports wagering, having a sports wagering account with the operator (for online or mobile wagers), and not being prohibited from wagering with the corporation. The operator is prohibited from accepting wagers from certain individuals, such as athletes, coaches, referees, or staff of participating teams, as well as directors, officers, owners, or employees of the operator or their relatives. The operator is also restricted from accepting wagers on unauthorized sports events, events involving individuals with conflicts of interest, individual acts in team events, and certain outcomes like injuries or penalties. Operators are required to report criminal or disciplinary proceedings, abnormal wagering activity, and conduct that may corrupt a wagering outcome. They must establish and display odds for wagers and maintain records of sports wagering activities. Anti-money laundering practices must also be followed. This document came into effect on July 1, 2021.
Whom does it apply to?
The Louisiana Lottery Corporation, operators, players
What does it govern?
Sports wagering
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
Louisiana