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House committee advances bill to allow fixed-odds wagering on Louisiana horse racing
Summary
The House Committee on Commerce voted to adopt amendments and report House Bill 547 favorably after testimony supporting fixed-odds wagering and changes to purse and breeder award allocations.
House lawmakers advanced legislation to allow fixed-odds wagering on horse racing and create a dedicated purse supplemental fund that would allocate a portion of proceeds to support Louisiana racing associations.
House Bill 547, introduced by Representative Boyer, would authorize fixed-odds betting on horse races, set definitions and rulemaking authority, and create a “fixed odds horse wagering purse supplement fund” with specified allocations. Representative Boyer said the change would modernize the state’s racing product and “offer a more competitive product to racing fans” while creating a revenue stream “that will directly support our local racing associations.”
The bill drew testimony from industry participants who argued the state’s…
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