If you just ignore five points for a TD, four for a FG, the field being 110 yards long, us having only one player who weighed over 200 lbs., the flying wedge being the dominant strategy, and the games costing 50 cents, then yes, pretty much like today, I guess.
One thing I couldn't help but notice in getting in to all this.... We played our first game in 1893, a 34-0 loss to Tulane. Actually, it wasn't really Tulane. Charles Coates, a chemistry professor at LSU, wanted to broaden the athletics on campus and came up with the idea of a football team from his time at Johns Hopkins. He rounded up LSU's first squad mainly from the student ROTC corps, but the Tulane team was largely composed of alumni and members of the Southern Athletic Club.
As you can see, straight from the jump we've had issues with commerce and eligibility

It was far more of a recreational club than a competitive athletic team like we think about today. Like most schools it's tough to pin down when it went from vague frivolity to something more. I know LSU claimed its first conference title in 1896 after a 6-0 effort to the top of a very loosely organized SIAA conference. We shared the title with a 4-0 Georgia team coached by some dude named Pop Warner.