Football expected to drive Louisiana sports betting revenue toward goal line
Louisiana legalized sports betting last year. The first year of the new law brought in $18.3 million in taxes. Ronnie Johns, the state's top gambling regulator, expects the football season to increase the revenue. He expects annual revenues to exceed $30 million once the sports books are established. He would like to see another national championship season for LSU. However, he expects revenues will be fine no matter what happens. It is estimated that 25% of revenue goes to early childhood education, 10% goes for local governments and the rest goes towards gambling addiction programs and other projects.
