LEGISLATIVE FISCAL OFFICE
Fiscal Note
Fiscal Note On: SB 235 SLS 24RS 358
Bill Text Version: ENROLLED
Opp. Chamb. Action:
Proposed Amd.:
Sub. Bill For.:
Date: May 28, 2024 8:29 PM Author: HENSGENS
Dept./Agy.: Department of Public Safety/Agriculture
Subject: Dedicates a portion of sports wagering revenue Analyst: Deborah Vivien
GAMING EN -$500,000 GF RV See Note Page 1 of 1
Provides relative to the regulation of sports wagering. (8/1/24)
Current law authorizes sports wagering on electronic devices through website or mobile application and levies a tax of net
gaming proceeds from sports wagering by consumers in the state under provisions of LA R.S. 27:625. A percentage of state
proceeds are dedicated to various funds with the remainder flowing to the state general fund.
Proposed law retains current law and adds a dedication of 2.5%, up to $500,000, of retail and mobile sports wagering tax
proceeds to the Louisiana Equine Promotion and Research Program annually and allows for transfers, donations, gifts or
grants to be deposited to the fund. The bill creates the LA Equine Promotion and Research Fund to fund the program through
the Department of Agriculture and Forestry. Proposed law adds permit renewal fees to the revenue stream for sports
wagering.
Effective July 1, 2024
EXPENDITURES 2024-25 2025-26 2026-27 2027-28 2028-29 5 -YEAR TOTAL
State Gen. Fd. SEE BELOW SEE BELOW SEE BELOW SEE BELOW SEE BELOW
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other SEE BELOW SEE BELOW SEE BELOW SEE BELOW SEE BELOW
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total
REVENUES 2024-25 2025-26 2026-27 2027-28 2028-29 5 -YEAR TOTAL
State Gen. Fd. ($500,000) ($500,000) ($500,000) ($500,000) ($500,000) ($2,500,000)
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $500,000 $500,000 $500,000 $500,000 $500,000 $2,500,000
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total $0 $0 $0 $0 $0 $0
EXPENDITURE EXPLANATION
The bill creates the LA Equine Promotion and Research Fund which will receive 2.5% of sports betting proceeds, up to
$500,000, and will be appropriated through the Department of Agriculture and Forestry beginning in FY 25 to fund the
Louisiana Equine Promotion and Research Program. The bill results in a redirection of SGF to a statutory dedication for a
specific expenditure purpose.
New dedication in the bill:
2.5% LA Equine Promotion and Research Program (maximum $500,000)
Current dedications that are retained in the bill include:
2% Behavioral Health and Wellness Fund (minimum $500,000)
25% LA Early Childhood Education Fund (up to $20M)
10% Sports Wagering Local Allocation Fund
2.5% Sports Wagering Purse Supplement Fund
2% Disability Affairs Trust Fund (maximum $500,000)
Greater of 3% or $500,000 to Compulsive and Problem Gaming Fund
Remainder to the State General Fund (roughly 60%)
Creating a new statutory dedication within the state treasury will result in a marginal workload increase for the Department
of Treasury, which can generally be absorbed within existing resources. However, to the extent other legislative instruments
create new statutory dedications, there may be material additional costs associated with the aggregate effort to administer
these funds. The Treasury performs fund accounting, financial reporting, banking and custodial functions for 443 special
funds. When unable to absorb additional workload with existing resources, the Treasury anticipates it will be required to add
one T.O. position at a total personnel services cost of approximately $95,000, plus approximately $2,450 for a one-time
purchase of office equipment.
REVENUE EXPLANATION
The bill will redirect $500,000 from the state general fund, which is the maximum amount allowed by the bill (2.5% of net
gaming proceeds from sports wagering). The revenue is generated pursuant to the provisions of LA R.S. 27:625 and
recognized by the Revenue Estimating Conference. Sports wagering taxes commenced collection in November 2021 and are
projected to maintain $50 M per year throughout the fiscal note horizon, per the 5/9/24 REC and assuming FY 29 continues
on trend, which means the cap of $500,000 will be reached each year.
Senate Dual Referral Rules House
x 13.5.1 >= $100,000 Annual Fiscal Cost {S & H} x 6.8(F)(1) >= $100,000 SGF Fiscal Cost {H & S}
13.5.2 >= $500,000 Annual Tax or Fee Alan M. Boxberger
6.8(G) >= $500,000 Tax or Fee Increase
Change {S & H} or a Net Fee Decrease {S} Legislative Fiscal Officer


Statutes affected:
SB235 Original: 27:601(B), 27:625(G)(7)
SB235 Engrossed: 27:601(B), 27:625(G)(7)
SB235 Reengrossed: 27:601(B), 27:625(G)(7)
SB235 Re-Reengrossed: 27:601(B), 27:625(G)(7)
SB235 Enrolled: 27:601(B), 27:625(G)(7)
SB235 Act 582: 27:601(B), 27:625(G)(7)