RS 27:605

506 words·~2 min read·/la/title-27/27-302

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

RS 27:605

§605. Sports wagering platform provider

A.(1) The board shall issue a sports wagering platform provider permit to a suitable person who desires to contract with a licensee to manage or operate all or a portion of a licensee's sports book line-of-business. A person shall not manage or operate all or a portion of a licensee's sports book unless it possesses a valid permit.

(2)In addition to the standards provided in R.S. 27:28, in determining an applicant's suitability as a sports wagering platform provider, the board may request from the applicant and consider as a factor in its determination any of the items of information listed in R.S. 27:604(C) that it considers relevant.

B.(1) A sports wagering platform provider shall contract with a licensee to provide sports wagering services.

(2)Any contract between the licensee and its sports wagering platform provider shall provide for access by the board and the division to any information maintained by the platform provider for verification of compliance with this Chapter.

C. A sports wagering platform provider shall use no more than one sports wagering platform to offer, conduct, or operate a sports book on behalf of the licensee.

D. A sports wagering platform provider shall keep books and records for the management and operation of sports wagering as authorized by this Chapter and for services for which it is contracted by a licensee. The keeping of books and records shall be separate and distinct from any other business the sports wagering platform provider operates. A sports wagering platform provider shall file quarterly reports with the board listing all of its contracts and services related to sports wagering authorized under this Title.

E.(1) The board shall provide by rule for the standards and requirements of a sports wagering platform. The rules shall specify technical requirements as well as operational requirements.

(2)Only a sports wagering platform that meets the standards and requirements as provided by rule may be used by an operator to book sports wagers.

F. The sports wagering platform provider shall provide the division with a readily available point of contact to ensure compliance with the requirements of this Chapter.

G. All servers responsible for the processing of sports wagers shall be physically located in Louisiana. Any other servers used in connection with the sports wagering platform provider may be located outside Louisiana and nothing in this Chapter shall prevent the use of cloud computing.

H. Any sports wagering platform utilized for electronic wagering shall have a component of its design to reasonably verify that the person attempting to place the wager is:

(1)At least twenty-one years of age.

(2)Physically located in the state and not physically located in a parish that has not approved a proposition to authorize sports wagering at the time the wager is initiated or placed.

(3)Not a person who is otherwise prohibited from wagering with the operator through law, rule, policy of the operator, self-exclusion, or pursuant to R.S. 27:27.1.

Acts 2021, No. 440, §1, eff. July 1, 2021.