Ask Reggi Your Question Now
Can you summarize LAAC Title 42, Part VI?
Louisiana Gaming (Last Amended Date: January 2023) > Sports Wagering
Short Summary
The provided legal document content pertains to the regulations governing sports wagering in Louisiana. These regulations are promulgated to facilitate the implementation of the Louisiana Sports Wagering Act and ensure the effective regulation of sports wagering while maintaining the health, welfare, and safety of the public. The regulations define various terms used in the Louisiana Gaming Control Law and the Louisiana Sports Wagering Act, such as ‘applicant’, ‘associated persons’, ‘gaming employee’, ‘gaming supplier’, ’non-gaming supplier’, ‘sports governing body’, and more. The document clarifies that these definitions apply to the regulations unless specifically redefined in a particular section. The regulations also outline the duties and functions of the gaming control board in regulating sports wagering in accordance with the provisions of the regulations and the Louisiana Administrative Code. It is stated that these regulations should not conflict with the Louisiana Sports Wagering Act or any other applicable statute. If any regulation is found invalid by a court, it will be severed without invalidating other regulations. The regulations also provide guidance on the interpretation of captions, pronouns, and gender usage within the regulations. The document was promulgated by the Department of Public Safety and Corrections, Gaming Control Board in January 2022, with the last amendment made in January 2023. This legal document governs the licensing of sports wagering operations in Louisiana. It states that no person, business, or legal entity can operate a sports book without first obtaining a license from the board. The license is issued in the name of the person responsible for the sports book. It is important to note that the license is deemed to be a revocable privilege and does not grant any vested rights. All licenses must be surrendered to the board upon expiration or revocation, and they will be destroyed unless needed for a pending investigation. Licenses are not transferable or assignable. The document also outlines the application process and notification requirements. Applicants must submit fingerprints and required forms within 30 days after the close of the application period. The board evaluates eligible applicants based on factors such as revenue generation potential, character, reputation, experience, financial integrity, capitalization, and the design of the sports book lounge. The division conducts investigations to determine suitability for licensure. Available licenses are awarded at a public meeting of the board. The document also specifies the notification requirements for available licenses after the initial issuance. Overall, this document provides the regulatory framework for obtaining and maintaining a sports wagering license in Louisiana.
Whom does it apply to?
Applicants, licensees, operators, and persons involved in sports wagering in Louisiana
What does it govern?
Regulations governing sports wagering in Louisiana
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Penalties may include revocation, suspension, finding of unsuitability, conditioning of a license or permit, imposition of a civil penalty, or other costs determined appropriate by the board or division.
Jurisdiction
Louisiana