House Bill No. by Representative Jackson amends existing gaming laws in Louisiana to modify the definitions and regulations surrounding promotional play offered by gaming operators. The bill establishes that gaming operators can deduct promotional play wagers from their net gaming proceeds and gross revenue, with a maximum deduction of $5 million per calendar year or a percentage cap based on taxable revenue, whichever is greater. The percentage cap is set to increase over the years, starting at 4% in 2027, 7% in 2028, and reaching 10% in 2029 and beyond.

The bill specifically revises the definitions of "net gaming proceeds" and "gross revenue" to include promotional play wagers received, while also removing previous language that limited deductions to amounts directly attributable to promotional play wagers. This change aims to provide more flexibility for gaming operators in managing their promotional activities while ensuring that the deductions remain within specified limits. Overall, the legislation seeks to balance the interests of gaming operators with regulatory oversight on revenue reporting.

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