Senate Bill No. 135, introduced by Senator Mizell, amends the provisions related to the allocation of revenue from sports wagering in Louisiana. Specifically, it modifies R.S. 27:625(G)(2) to change the funding structure for the Louisiana Early Childhood Education Fund. The bill removes the previous cap of $20 million on the amount credited to this fund and instead stipulates that 25% of the proceeds from the tax on sports wagering net gaming proceeds will be credited to the fund, with the new provision stating that this amount will be either 25% or $20 million, whichever is greater.

The bill is set to take effect on July 1, 2026, and aims to enhance funding for early childhood education by ensuring that the Louisiana Early Childhood Education Fund receives a more substantial and potentially unlimited share of sports wagering revenues. This legislative change reflects a commitment to supporting early childhood education initiatives in the state.

Statutes affected:
SB135 Original: 27:625(G)(2)