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Can you summarize LAAC Title 42, Part VI, Chapter 5, Section 521?
Rules; Operations > Sports Events
Short Summary
This document governs the offering of sports wagering by operators in Louisiana. Operators are prohibited from offering sports wagering on events or subjects that are prohibited by the Act, regulations, or the board. However, operators may accept sports wagers on other events if they have obtained approval from the board. To obtain approval, operators must submit a request at least 7 days prior to the event, providing a full description of the event, information on how wagers would be placed and winning wagers determined, and other documentation demonstrating that the event meets the requirements set forth in 523 of this Chapter. The decision to grant approval is at the sole discretion of the board. Operators must also submit updated house rules for each newly approved sports event before offering it to the public for wagering.
Whom does it apply to?
Operators
What does it govern?
Sports wagering on sports events or subjects prohibited by the Act, regulations, or the board
What are exemptions?
Approval from the board is required to accept sports wagers on any other event, unless the event is approved in writing, sanctioned by an organization on the board's list, or listed on the list of pre-approved events
What are the Penalties?
Not specified
Jurisdiction
Louisiana