Sport Betting - Tax

[CAJUNSby90]

Says revenue will be split evenly between the 11 state schools.

[UL_Cajuns]

We have to see those numbers yearly! Hopefully. It should be posted publicly right?

[MarlinMan3]

Was there already a tax and it just wasnt going to anything specific? If not, cant believe there was something like this not being taxed

[MarlinMan3]

Tax on winnings..... The initial proposal sought to double the state’s 15% tax on net proceeds from online sports betting. But lawmakers ultimately agreed on a 21.5% tax rate in a compromise with the industry

[Tasso]

How will the colleges in lousiana split the tax money? Equal?

[Cajunchuck]

How will the colleges in lousiana split the tax money? Equal?

Yes, equally.
Half goes to LSU and the other half goes to the rest of the state colleges.

Just kidding, I don't know how they will actually divide the funds.

[CAJUNSby90]

Yes, equally.
Half goes to LSU and the other half goes to the rest of the state colleges.

Just kidding, I don't know how they will actually divide the funds.

I wouldnt doubt if they did some ____ like that

[Clutch0364]

It’s supposedly being split equally amongst 11 schools.

[RedTails]

It’s supposedly being split equally amongst 11 schools.

Louisiana Farm: All LA schools are equal, but some schools are more equal than others

[MarlinMan3]

Equal distribution as a pct of total state athletic budgets....
Lsu 150M budget/ estimated 350M total of all 11 =43pct
UL 35M/350M = 10 pct