Louisiana is the latest state to bow to pressure from the NCAA to ban college proposition wagers with the ban coming into effect on August 1st 2024.
The Louisiana Gaming Control Board has stated that it has already informed sports betting operators of the new restriction.
Louisiana Bans College Prop Bets Louisiana Bans College Prop Bets Louisiana Bans College Prop BetsWhile many states place a ban on college sports proposition markets in their original sports betting legislation, there are still 20 states that allow sportsbooks to offer the markets.
Louisiana Bans College Prop BetsState Sen. Jim Perry, the main supporter in the North Carolina Senate took it a step further by saying on social media: “It would be more productive to introduce legislation banning the NCAA.”
Critics of Louisiana’s ban suggest that any moves to restrict betting in the state could result in bettors moving to offshore sportsbooks which would have an impact on state taxes. During 2023, Louisiana sports betting generated $136.7 million in taxes.