By BBBB
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.
The move to ban college prop bets follows NCAA President Charlie Baker’s public call for any states with proposition markets to consider banning them.
At the time Baker said:
“Sports betting issues are on the rise across the country with prop bets continuing to threaten the integrity of competition and leading to student-athletes and professional athletes getting harassed. The NCAA has been working with states to deal with these threats and many are responding by banning college prop bets.”
While 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.
Both Ohio and Maryland recently introduced their own bans on college prop bets, and while other states are taking the matter into consideration, North Carolina has ruled out a similar move. State Rep. Jason Saine, a major supporter of sports betting in the state House, said it was off the cards for this legislative session.
State 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.
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