US Edition
Louisiana is poised to hike its sports betting tax to help colleges pay their athletes
- Louisiana is set to increase its online sports betting tax to 21.5% to fund athletic departments at major public universities.
- This legislation follows the June 6 NCAA settlement allowing schools to pay athletes directly and aims to address financial challenges at smaller Louisiana universities.
- One-Quarter of the tax revenue, estimated at $24.3 million, will be divided equally among 11 public universities with Division I football programs for athlete support and related expenses.
- Republican state representative Neil Riser, who sponsored the bill, emphasized Louisiana's strong enthusiasm for football as the state moves to allocate revenues from sports betting to support college athletics, following North Carolina's example.
- The tax increase and the NIL settlement intend to improve Louisiana’s college sports competitiveness by attracting better athletes and boosting economic activity in the state.
71 Articles
71 Articles
Louisiana poised to hike its sports betting tax to help colleges pay their athletes
Legislation pending before the governor would make Louisiana the first state to raise taxes for college sports since a judge approved a landmark settlement allowing schools to directly pay athletes for use of their name, image and likeness.
Louisiana poised to hike sports betting tax to help colleges pay their athletes - American Press
Louisiana is poised to hike taxes on sports betting to pump more than $24 million into athletic departments at the state’s most prominent public universities. Legislation pending before Gov. Jeff Landry would make Louisiana the first state to raise taxes to fund college sports since a judge approved a landmark settlement with the NCAA allowing schools to directly pay athletes for use of their name, image and likeness (NIL). Anticipating the cour…
Associated Press News
Louisiana is poised to hike its sports betting tax to help colleges pay their athletes
Louisiana soon could raise taxes on sports betting to help finance the athletic departments at many of its public universities. Legislation pending before Gov.
Coverage Details
Bias Distribution
- 51% of the sources are Center
To view factuality data please Upgrade to Premium
