Fantasy sports regulations, tax win Louisiana House support

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BATON ROUGE, La. (AP) - Lawmakers in the Louisiana House have backed a regulatory framework and tax rate for online fantasy sports contests for cash prizes.

The games were legalized in 47 of the state's parishes in November's election, making Louisiana the 42nd state to allow online fantasy sports betting through websites such as DraftKings and FanDuel.

Before Louisiana residents can participate, lawmakers must enact the rules and taxing plans.

They are contained in two bills by Republican Rep. Kirk Talbot that won House passage Tuesday and Wednesday. They head to the Senate for debate.

Fantasy sports contest operators would have to get a state license, and players would have to be at least 21 years old. A 15% tax rate would be set on net gaming proceeds.

Links to more information: House Bill 459 and House Bill 600.

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