Louisiana Joins Ban on College Player Prop Betting in the US
In the latest gambling industry news, we are taking a look at one of the states that will join the ban on college player prop betting in US sportsbooks. The NCAA has been vocal in their request to ban betting on player prop bets. Louisiana will be implementing this ban starting August 1, 2024, at 8:00 AM. The ban specifies any proposition bet on an individual athlete’s performance or statistics participating in a college sporting event.
If you look at your pay per head sportsbook software, you will see how many player prop bets are in each game. In any given day where college sports are in season, there are hundreds of player prop bets bettors can make. So while the Louisiana Gaming Control Board is complying with the request of the NCAA, this will be a loss that sportsbooks all over the country will feel next season.
If, however, you decide to be a bookie and create your own online sportsbook, you will have the option to still offer this. You can learn about managing a sportsbook and why line movements are important easily.
Ban on College Player Prop Betting
The ban will not cover prop bets on team stats, and any current player prop bets will be honored if placed before August 1. According to the board, this has been something that they have been discussing for weeks already. And they will be the 30th state to place the ban.
Technically, 12 of the 30 do not allow sports betting, so there is no change in regulation. But other states like Ohio, Maryland, and Vermont are all going to implement this restriction this year. So far, there are quite a lot of states that still offer prop bets, so it will not be totally be out. It is, however, going to be a waiting game from now, to the start of the NCAA new seasons to see if other state regulators that offer sports betting will follow Ohio.
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