BATON ROUGE, La. (WAFB) – It’s been two years since sports betting was legalized in Louisiana. Leaders said sports betting contributed more than $80 million in revenue to the state budget.
The Super Bowl, the most popular and largest sports betting weekend, is expected to bring even more money into the state’s casinos.
Because sports betting is not legal in Texas, Lonnie Johns of the Louisiana Gaming Control Board said Lake Charles, Shreveport, Bossier and New Orleans will attract a lot of people from out of state. Ta.
Have you ever wondered where that money goes?
Mr Johns said early childhood education accounted for 25 per cent, local government 10 per cent and gambling addiction 5 per cent.
That money is highly regulated, and in fact, Los Angeles is one of the most regulated states in America, he said.
As of now, they have $1 billion in new investments. He added that the new construction underway will bring benefits in terms of the national budget.
“The revenue drawn in remains in the state budget,” Johns said. “Congress has been very specific about where they want to spend that money on sports betting. Same with casinos. Same with video poker, same with racetrack casinos. That money is a significant amount of money for the state budget. produces.”
Where does the future of gaming go when it comes to casinos?
Johns said it is a land-based casino. The Baton Rouge Bell is currently in the process of being moved from a riverboat to a land-based facility. This is a $130 million investment by Queen Entertainment.
He said he expects new properties to open within the next year.
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