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Can I offer a sports betting product in Louisiana? What are the requirements?

Requirements for Offering Sports Betting in LouisianaTo offer a sports betting product in Louisiana, you must obtain a permit as a sports wagering platform provider [1.1]. The Louisiana Gaming Control Board issues this permit to a suitable person who desires to contract with a licensee to manage or operate all or a portion of a licensee's sports book line-of-business [1.1].To be considered suitable, the board may request from the applicant and consider as a factor in its determination any of the items of information listed in R.S. 27:604(C) that it considers relevant [1.1]. Additionally, the board may consider factors such as financial responsibility, integrity, reputation, accessibility of the place of business or activity to the public, security of the premises, sufficiency of existing retail establishments to serve the public convenience, and projected volume of sales for sports wagering [4.1].The sports wagering platform provider shall contract with a licensee to provide sports wagering services [1.1]. Any contract between the licensee and its sports wagering platform provider shall provide for access by the board and the division to any information maintained by the platform provider for verification of compliance with this Chapter [1.1].The board shall provide by rule for the standards and requirements of a sports wagering platform. The rules shall specify technical requirements as well as operational requirements. Only a sports wagering platform that meets the standards and requirements as provided by rule may be used by an operator to book sports wagers [1.1].Each licensee shall house its retail sports book in a sports wagering lounge on its premises which shall be restricted to patrons who are twenty-one years of age or older and shall conform to all requirements concerning square footage, design, equipment, security measures, and related matters which the board shall prescribe by rule [1.2].An operator shall adopt comprehensive rules, which shall be approved by the board, governing sports wagering transactions with its patrons. The rules shall specify the amount to be paid on winning wagers and the effect of schedule changes. The rules, together with any other information the board deems appropriate, shall be conspicuously displayed in the establishment, posted electronically on any sports wagering mechanism, website, or mobile application, and included in the terms and conditions of the sports wagering account system [1.2].All servers responsible for the processing of sports wagers shall be physically located in Louisiana. Any other servers used in connection with the sports wagering platform provider may be located outside Louisiana and nothing in this Chapter shall prevent the use of cloud computing [1.1].Offtrack Wagering FacilitiesOfftrack wagering facilities are authorized in Louisiana [2.2]. Any association licensed by the commission may conduct pari-mutuel wagering and engage in all necessary activities to establish appropriate offtrack wagering facilities to accomplish this purpose [2.1].Retail EstablishmentsRetail establishments may host sports wagering mechanisms if they have a valid permit [3.2]. A retail establishment permit may be issued to suitable persons that contract with an operator to host sports wagering mechanisms [3.2]. The initial application fee for a sports wagering retail establishment permit shall be one thousand dollars and shall be nonrefundable [3.2]. The permit fee for a sports wagering retail establishment permit issued pursuant to this Section shall be one hundred dollars. The permit shall be for a term of one year [3.2].ConclusionTo offer a sports betting product in Louisiana, you must obtain a permit as a sports wagering platform provider, contract with a licensee to provide sports wagering services, and meet the technical and operational requirements as provided by rule [1.1]. Additionally, you must house your retail sports book in a sports wagering lounge on your premises, adopt comprehensive rules governing sports wagering transactions with patrons, and ensure that all servers responsible for the processing of sports wagers are physically located in Louisiana [1.2]. Offtrack wagering facilities are authorized in Louisiana [2.2]. Retail establishments may host sports wagering mechanisms if they have a valid permit [3.2].