§316. Taxation
A. There is hereby levied a tax of eight percent upon the net revenues of fantasy
sports contests offered to consumers within this state, which shall be due and payable
monthly.
B. The division shall collect all taxes imposed or assessed under the provisions of
this Chapter. All taxes collected by the division shall be forwarded upon receipt to the state
treasurer for immediate deposit into the state treasury. Funds so deposited shall be first
credited to the Bond Security and Redemption Fund in accordance with Article VII, Section
9(B) of the Constitution of Louisiana. After complying with the provisions of the Bond
Security and Redemption Fund, the state treasurer shall deposit the proceeds of the tax into
the Louisiana Early Childhood Education Fund as established in R.S. 17:407.30.
Acts 2020, 1st Ex. Sess., No. 34, §1, eff. July 13, 2020.