Louisiana soon could raise taxes on sports betting to help finance the athletic departments at many of its public universities. Legislation pending before Gov. Jeff Landry would make Louisiana the first state to raise taxes for college sports since a judge approved a landmark settlement allowing schools to directly pay athletes for use of their name, image and likeness. Earlier this year, Arkansas became the first state to exempt school NIL payments to athletes from state income taxes. Some sports business analysts expect more states to follow with laws aimed at giving an edge to their college athletes.… Continue Reading
