Louisiana § RS 47:9099 - Wagering; limitations

§ RS 47:9099. Wagering; limitations

            A. To place a sports wager with an operator, the corporation shall confirm and a player shall meet all of the following requirements:

            (1) Is twenty-one years of age or older.

            (2) Is physically located in a parish that has approved a proposition authorizing sports wagering at the time the wager is initiated or placed.

            (3) Has a sports wagering account established with the operator if the player is attempting to place a sports wager through a website or mobile application.

            (4) Is not prohibited from wagering with the corporation by law, rule, policy of the corporation, self-exclusion, or pursuant to R.S. 27:27.1.

            B.(1) The operator shall not knowingly accept wagers from a person who is an athlete, coach, referee, or other official or staff of a participant or team that is participating in the sports event on which the person is attempting to place the wager.

            (2) The operator shall not knowingly accept wagers from a person who is a director, officer, owner, or employee of the operator or any relative or other person living in the same household as a director, officer, owner, or employee of the operator.

            C. No sports wagers may be accepted or paid by any operator on any of the following:

            (1) Any sport or athletic event not authorized by law.

            (2) Any sport or athletic event which the operator knows or reasonably should know is being placed by or on behalf of an official, owner, coach, or staff of a participant or team that participates in that event.

            (3) A single act in a team event solely in the control of one participant acting independently.

            (4) The occurrence of injuries or penalties, or the outcome of an athlete's disciplinary rulings, or replay reviews.

            D. Any operator or permittee shall promptly report to the corporation on the following activities:

            (1) Any criminal or disciplinary proceedings commenced against any operator or its employees, in connection with the operations of the sports book.

            (2) Any abnormal wagering activity or patterns that may indicate a concern about the integrity of a sports event.

            (3) Any other conduct with the potential to corrupt a wagering outcome of a sports event for purposes of financial gain, including but not limited to match fixing.

            (4) Suspicious or illegal wagering activities, including the use of funds derived from illegal activity, wagers to conceal or launder funds derived from illegal activity, use of agents to place wagers, or use of false identification.

            E. Operators shall establish and display the odds at which wagers may be placed on sports events. Operators shall not accept a wager via a sports wagering mechanism, or through a website or mobile application unless the wagering proposition is posted by electronic or manual means.

            F. Operators shall maintain records of sports wagering activities and operations and follow AML practices in day-to-day operations of its business.

            Acts 2021, No. 80, §4, eff. July 1, 2021.