Louisiana Revised Statutes Tit. 27, § 306. Licensing of fantasy sports contest operators

A. No fantasy sports contest operator shall offer any fantasy sports contest in this state without first being licensed by the board. Applications for licensure shall be on forms provided by the board.

B. Before obtaining a license to offer fantasy sports contests in this state, a fantasy sports contest operator shall:

C. The initial application fee shall be one thousand dollars and shall be non-refundable.

D. The license fee for a fantasy sports contest license shall be submitted to the division prior to the issuance of the license. Each license shall be granted for a term of three years. The license fee shall be as follows:

E. All fees, fines, and other monies collected by the division, pursuant to this Chapter, shall be forwarded upon receipt to the state treasurer for immediate deposit into the state treasury. An amount shall be allocated to the Department of Public Safety and Corrections and to the Department of Justice, pursuant to legislative appropriation, for regulatory, administrative, investigative, enforcement, legal, and other such expenses as may be necessary to carry out the provisions of this Chapter and for activities associated with the enforcement of laws and regulations governing fantasy sports contests.

F. Any fantasy sports contest operator that allows its license to lapse, without requesting an extension of time to file for renewal of the license, shall be required to resubmit an initial application for licensure. An extension may be granted by the board upon receipt of a written request prior to the lapse of the license.

G. A license issued by the board to a fantasy sports contest operator shall not be transferable.