In under a day’s notice, domestic sports betting will finally make its debut in the Bayou State. Just yesterday, Paragon Casino announced that it would be unveiling its sportsbook operations to the public on Wednesday at 3:00 pm.
Paragon To Kick Off LA Sports Betting
At the launch, the casino plans to host its launch at The Draft Room. The facility is the latest addition to Paragon’s “one-million square feet of fun” and will feature 112 television screens to accompany the lounge’s several kiosks.
Louisiana bettors can look forward to placing their Paragon bets using software and kiosks operated by Betfred Sports. Their partnership was announced earlier this year. Now, folks will get to see the fruits of their labor.
“With this new partnership, I hope visitors from across the region will have the chance to experience it for themselves. Together, we are offering a first-class sports betting platform and venue that will make Paragon Casino Resort the place to bet and watch games in Louisiana.” -Marshall Sampson Sr, General Manager of Paragon
For now, Paragon bets will be the only way for Louisiana patrons to access state-licensed betting in the state. Many more sportsbooks including Caesars and Wynnbet will be reaching the market in due time.
Paragon Casino and Resort was granted an early launch because their facility sits on sovereign land, owned by the Tunica-Biloxi Tribe. After the Tribe obtained their sports betting license, they held full autonomy over their personal timeline for sports betting.
And boy, were they quick to hop on it.
Information For LA Bettors
While the rest of Louisiana’s sportsbook rollout will have to wait a bit longer before their launch, LA residents should still get a grasp on what these new guidelines entail.
Louisiana sportsbook options will be offered by the state’s various sports teams, casinos, and lottery commission. Retail betting will be available in all of the state’s gambling facilities, including racetracks.
The caveat to this agreement is that online and mobile betting options will only be available in 55 of the state’s 64 parishes. In the nine districts that voted against a legal gambling expansion, these digital betting platforms will be unavailable.
Residents can place bets on Professional, Collegiate, and Olympic events. However, esports and youth athletics betting will be off-limits for prospective patrons.
Additionally, Louisiana sports bettors will be subject to a 10% tax on all in-person wagers and a 15% tax on all mobile and online wagers.
While these tax rates seem steep, the point of state-licensed betting is to pool revenues for the state. If you aren’t interested in being taxed on your deposits, there are plenty of offshore sportsbooks waiting patiently for your registration.
Source: ABC 12