A proposal to ban prop bets and live sports betting in Louisiana has failed after its sponsor agreed to defer it due to projected revenue losses.
Senate Bill 354, introduced by Sen. Katrina Jackson-Andrews, would have banned wagers on specific in-game events and live betting activity.
According to the analysis, the state general fund could lose approximately US$21 million annually, with an additional US$17 million reduction affecting other funds.
The analysis, prepared by nonpartisan legislative staff, also took into account data from the Louisiana Gaming Control Board, which indicated that prop bets and micro bets account for about 40% of mobile sports wagering and 13% of retail wagering in the state.
