Louisiana’s first fantasy sports betting license granted

Louisiana

Louisiana gambling regulators approved the state’s first fantasy sports betting license on Thursday, paving the way for DraftKings to begin operations in the 47 parishes where voters authorized the gaming activity nearly three years ago.

After receiving license approval from the Louisiana Gaming Control Board, DraftKings said its daily fantasy sports contests will “soon appear live” in those parishes. However, the company did not specify when it would launch fantasy sports betting in its 44th state.

In the November 2018 election, nearly three-quarters of Louisiana’s 64 parishes voted to legalize fantasy sports betting. The legislators then determine the tax rates and regulatory process. The Gaming Control Board determines which individual operators receive licenses.

DraftKings filed its licensing application in February, shortly after the gambling commission opened the application period. To ensure that the company complied with state regulations, the Louisiana State Police conducted a background investigation and financial review.

 

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Nassima Azmzm

Nassima Azmzm

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