Time Runs Out For Proposed Louisiana Fantasy Sports Tax
The Heartland Institute cites Senior Fellow Michelle Minton on a proposed tax on fantasy sports.
The proposed tax would undermine Louisiana’s appeal to tourists, says Michelle Minton, a senior fellow at the Competitive Enterprise Institute.
“Louisiana is setting itself up to lose a lot of tourism dollars to … Mississippi, which has both [Daily Fantasy Sports] and real sports betting [and] taxes the activity at just 12 percent,” Minton said.
“With Biloxi a mere hour’s drive from New Orleans, and [Mississippi] considering mobile sports betting, it is likely that money that might have otherwise been spent on tourism activities in Louisiana will instead go to Mississippi,” Minton said.