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Can you summarize 27 LARS Chapter 10?
Louisiana Gaming Control > SPORTS WAGERING
Short Summary
The provided legal document pertains to the regulation of sports wagering in Louisiana. It applies to persons, businesses, or legal entities involved in sports wagering in the state. The document defines various terms related to sports wagering and clarifies that it does not apply to high school sports, youth events, international sports events where the majority of participants are under 18 years old, fantasy sports contests, and any event prohibited by law. The Louisiana Gaming Control Board is responsible for regulating sports wagering and has the authority, control, and jurisdiction over its regulation. The board is tasked with developing 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 responsible for 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. The document does not specify any penalties for non-compliance or violation of its provisions.
Whom does it apply to?
Persons, businesses, or legal entities involved in sports wagering in the state
What does it govern?
Regulation of sports wagering in Louisiana
What are exemptions?
High school sports, youth events, international sports events where the majority of participants are under 18 years old, fantasy sports contests, and any event prohibited by law
What are the Penalties?
The document does not specify any penalties for non-compliance or violation of its provisions.
Jurisdiction
Louisiana