House Bill No. 75, introduced by Representatives Jackson and Knox, amends existing gaming laws in Louisiana to modify the definitions and regulations surrounding promotional play offered by gaming operators. The bill allows licensees to offer promotional play wagers up to $5 million annually or a percentage cap based on their taxable revenue, whichever is greater. Specifically, the percentage cap is set at 4% for the tax year 2027, 7% for 2028, and 10% for 2029 and subsequent years. Additionally, the bill clarifies that promotional play wagers do not include any locally dedicated funds derived from net slot machine proceeds.

The bill also updates the definition of "net slot machine proceeds" to account for the new percentage cap and specifies that promotional play wagers are defined as noncashable vouchers, promotional chips, and other cash equivalents provided by the licensee. The amendments adopted by the House Committee on Administration of Criminal Justice change the type of gaming facility applicable to the proposed law from riverboat and land-based casinos to racetrack casinos, ensuring that the regulations are tailored to the specific context of these gaming operations.

Statutes affected:
HB75 Original: 27:44, 27:205(16)
HB75 Engrossed: 27:353
HB75 Reengrossed: 27:353