RS 9091 - Conduct and administration of sports wagering; powers and duties of corporation; applicability authorizes contracts
A. Any permit obtained or issued pursuant to the provisions of this Chapter is expressly declared by the legislature to be a pure and absolute revocable privilege and not a right, property or otherwise, under the constitution of the United States or of the state of Louisiana. Further, the legislature declares that no holder of any permit acquires any vested interest or right therein or thereunder.
B. The corporation shall contract with a sports wagering platform provider for the operation of a sports book. The sports book operated on behalf of the corporation shall be a separate and distinct responsibility and operation from lottery gaming. Any sports wagering offered to consumers in this state pursuant to the provisions of this Subtitle shall be through the use of a sports wagering mechanism, website, or mobile application.
C. The corporation shall, in accordance with the Administrative Procedure Act, promulgate rules, forms, and procedures necessary to implement, administer, and regulate sports wagering authorized pursuant to this Subtitle. The rules shall include:
(1) Qualifications, standards, and procedures for permitting sports wagering platform providers, sports wagering service providers, distributors, manufacturers, vendors, suppliers, personnel, and retail establishments pursuant to this Subtitle.
(2) Standards and procedures for renewing, suspending, and revoking permits.
(3) Guidelines for the acceptance of sports wagers.
(4) The maximum number and amount of wagers which may be accepted by a sports wagering mechanism from any one patron on any one event.
(5) Prohibitions on unilaterally rescinding wagers.
(6) The type of wagering tickets used, information required to be printed on the ticket, and methods for issuing tickets.
(7) The types of records required to be kept and the length of time records shall be retained.
(8) Requirements that a sports wagering platform provider comply with anti-money laundering standards.
(9) Internal controls for all aspects of electronic wagering, including procedures for system integrity, system security, operations, accounting, and reporting of problem gamblers.
(10) Establish suitability requirements for applicants and permittees pursuant to this Chapter.
(11) Establish standards and a procedure for approval of retail establishment permits to host sports wagering mechanisms.
D. Chapters 6, 7, and 8 of this Subtitle shall apply to all sports wagering conducted pursuant to this Chapter.
Acts 2021, No. 80, §4, eff. July 1, 2021.