Louisiana is poised to hike its sports betting tax to help colleges pay their athletes
Louisiana is poised to hike taxes on sports betting to pump more than $24 million into athletic departments at the state's most prominent public universities.
Legislation pending before Gov. Jeff Landry would make Louisiana the first state to raise taxes to fund college sports since a judge approved a landmark settlement with the NCAA allowing schools to directly pay athletes for use of their name, image and likeness (NIL). Anticipating the court's approval, Arkansas this year became the first to waive state income taxes on NIL payments made to athletes by higher education institutions.
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