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Louisiana's Gamble: Sports Tax Hike Fuels College Athletics

4/24/2025

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Summary

Story summary

Louisiana's House Bill 639 proposes a significant hike in the sports gambling tax from 15% to 32.5%, potentially funneling $29 million each year into college athletics. While this could bolster Division I schools, efforts to exempt athletes' NIL income from state taxes are encountering pushback, and lawmakers are also looking to restrict scholarship funds for foreign students.

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Story summary

Louisiana's House Bill 639 proposes a significant hike in the sports gambling tax from 15% to 32.5%, potentially funneling $29 million each year into college athletics. While this could bolster Division I schools, efforts to exempt athletes' NIL income from state taxes are encountering pushback, and lawmakers are also looking to restrict scholarship funds for foreign students.