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Louisiana Schools Get $2M Sports Gambling Boost | Baton Rouge News
Description
Louisiana colleges are cashing in on sports gambling taxes—each school with a football program gets about $2 million annually from the new SPORT Fund, designed to ease financial strain on athletic departments. While the money is meant to fund new scholarships and stabilize budgets, there’s no oversight on how schools spend it or penalties for noncompliance. Schools like Southern and UL Monroe are using it for fresh scholarships, LSU for tuition support for athletes in pricey majors, and others like UL Lafayette and Nicholls to plug budget gaps. With most programs running deficits, this unexpected windfall could relieve pressure on universities to foot the bill themselves—though exactly how the funds are spent remains largely untracked.
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