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Louisiana Boosts Sports Betting Tax to Fund College Athletics

6/19/2025

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Summary

Story summary

Louisiana is set to raise its sports betting tax to 21.5%, aiming to generate over $24 million for public university athletic departments. This move comes after a recent NCAA settlement permitting direct payments to student-athletes. The funds will bolster scholarships and facilities, helping smaller universities thrive and boosting competitiveness in college sports.

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Story summary

Louisiana is set to raise its sports betting tax to 21.5%, aiming to generate over $24 million for public university athletic departments. This move comes after a recent NCAA settlement permitting direct payments to student-athletes. The funds will bolster scholarships and facilities, helping smaller universities thrive and boosting competitiveness in college sports.