Louisiana mobile sports betting officially launches on Friday, and it’s just in time for local sports fans hoping to wager on their favorite teams and leagues.
Mobile betting has already launched in multiple other states, and based on their success, Louisiana is also expected to have a positive impact in the space. With launches come bonus offers, including the Caesars Sportsbook Louisiana promo code, to get fans started in Louisiana sports betting.
Not only will state residents be able to place wagers, but so too will visitors, including college sports fans, while they’re in the Pelican State. Here’s what Louisiana’s mobile sports betting launch means for college sports fans:
Major companies, offers are involved
Mobile sports betting launching in a state usually means the major players and huge offers, such as the Caesars Louisiana promo code, come to play, and that’s no different in this case.
The apps expected to launch in Louisiana are BetMGM, Caesars, DraftKings and FanDuel. They are some of the biggest names in sports betting, so residents will have access to major betting opportunities and offers with them involved.
Depending on the specific offer, bonus offers typically allow users opportunities like placing risk-free bets or earning deposit matches, so fans who are getting their feet wet in sports betting can have a much better chance to win money from the get-go.
With the major companies coming in and offering huge bonuses for users, it’s the perfect situation for college sports fans wanting to get involved with mobile sports betting.
There aren’t the same restrictions
Sports fans in Virginia, including those of Liberty University, already have mobile sports betting in the state, but there are some restrictions.
Virginia bettors are currently prohibited from placing bets on college sports, unlike in other states. Lawmakers recently filed two pieces of legislation that would both allow betting on college sports and keep sportsbooks from excluding bonuses and promotions from taxable revenue. It’s not certain, though, whether the legislation will actually pass.
College sports are fair game to bet on in Louisiana, however, so whether it’s a football bowl game, a non-conference basketball matchup or more, fans of the Flames and college sports in general will be able to legally gamble while in Louisiana. After all, what’s better than making some money while traveling to cheer on your favorite team?
The Louisiana market is expected to be profitable, too; sports betting is projected to rake in $30 million in annual state revenue, The Monroe News-Star reported. As money comes in, the market will continue to grow, providing more betting opportunities, in college sports and more, for both Louisiana residents and visitors.
Sports betting could come to more states
The wave of sports betting legalization just keeps going, and it isn’t slowing down anytime soon.
States which have already launched sports betting have had immense success with it. Just look at New York: residents wagered $150 million using four sports betting apps in the state’s first weekend of mobile betting, Forbes reported.
If Louisiana is as successful as experts predict, it could open the door for many other states to follow its lead, allowing sports fans in numerous other areas to legally bet on sports.
And with so many college teams residing in so many states, college sports fans may benefit the most from widespread legalization of sports betting.
Fans may see more partnerships
As with any business, if there is interest and money to be made, partnerships are inevitable.
When LSU, Louisiana’s major university, signed a deal to partner with Caesars Sportsbook, it was the first time a major college athletics department inked an official sportsbook partner. It started a trend that is likely to continue in the foreseeable future.
Just as professional teams have partnered with sports betting companies, driving interest and increasing revenue for both parties, it would make sense for college athletics departments to do the same. While there may be rules and regulations that affect college programs differently than professional franchises, since it’s already happened with LSU, expect more deals to be inked once schools and betting companies realize it is mutually beneficial.
That means college sports fans won’t only be seeing gambling advertisements in their local stadiums and arenas, but also will have the chance to partake in special betting offers and opportunities that result from those partnerships.
