House Bill No. by Representative Wilder proposes significant changes to the taxation of sports wagering in Louisiana. The bill amends the definition of "net gaming proceeds" to exclude the amount of eligible promotional play, which is being repealed entirely. Additionally, the tax rate on net gaming proceeds from electronic sports wagering conducted through websites and mobile applications is increased from 15% to 51%.

The bill also repeals R.S. 27:627, which previously authorized promotional play in sports wagering. These changes aim to streamline the taxation process and increase state revenue from sports wagering activities. Overall, the legislation reflects a shift towards a more stringent tax framework for sports wagering in Louisiana.

Statutes affected:
HB22 Original: 27:602(13), 27:625(B)