Our media partners at The Advocate have posted a story examining the economic history of gambling in Louisiana through the context of several bills proposed in this year’s session.
This year, lawmakers will have another shot at extending Harrah’s state license to operate the New Orleans casino, in exchange for tens of millions of dollars in additional tax revenue over 30 years and a pledge by Harrah’s owner, Caesars Entertainment, to invest $325 million in building a hotel and other amenities, the Advocate reports.
Lawmakers also will take a second shot during the remaining six weeks of the legislative session at legalizing betting on sports, the Advocate reports.
And, the newspaper reports, a new study commissioned by Louisiana Economic Development, a state agency, is recommending a host of changes aimed at generating more gambling on the lottery, at Harrah’s and at what were formerly riverboat casinos — all with the aim of producing more revenue for the state amidst the continuing revenue shortfalls.
To read the story, click here.