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Should the state of Louisiana opt to legalize sports betting, they may need to give a cut to the likes of LSU.
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LSU President F. King Alexander said he would like legislators to consider just that.
Alexander said in an interview Wednesday (April 10) he would prefer a percentage of earnings from sports betting on college games and players go to support LSU student athlete programs or needs-based financial aid at universities. The state is already expected to legalize daily fantasy sports, a form of gambling.
From Nola.com:
Alexander said he has not talked to the legislators, including Sen. Danny Martiny, R-Kenner, and state Reps. Joe Marino, I-Gretna, and Kirk Talbot, R-River Ridge, who are pushing bills to make fantasy sports betting and sportsbooks at casinos available in Louisiana. He said he plans to approach them if their bills appear likely to pass.
Martiny’s Senate Bill 153 is the sports betting bill that has the best chance of gaining approval. It would allow wagering on collegiate sports and college players’ individual performances in games. Some states have allowed betting on college sports but not on teams within their state.
Of the eight states that currently allow sports betting, only Mississippi, West Virginia and Pennsylvania allow betting on college teams. Not surprisingly, these are the states with some of the largest college sports fan bases. New Jersey, Rhode Island and New Mexico are states that prohibit betting on state college sports teams.
- Aaron Goldstein, Gambling911.com
