Louisiana Representative John Stefanski has amended his bill to establish a tax rate for online and mobile sports betting in the state.
Stefanski’s House Bill 688, which appears to replace his previous proposal HB 628, sets a $250,000 application fee for a sports betting licence.
A $500,000 fee would then be payable upon receipt of the five-year licence itself.
For platform providers, third parties that are contracted to operate sports betting on behalf of the licenceholders, a $100,000 application fee will be followed by a $250,000 licence fee.
Service providers, meanwhile, are to pay $10,000 for their application under Stefanski’s bill, then a further $12,500 should they secure a permit. Sports wagering distributors, which appears to refer to affiliates, will be charged a $5,000 application fee, followed by $2,500 for their certification.
All fees generated would be paid into the Sports Wagering Enforcement Fund, with this money to be used invested similar to that allocated ..