Senate Bill No. 294, introduced by Senator Talbot, amends existing Louisiana gaming laws to allow gaming operators to assign unclaimed promotional play deductions to other licensed operators. Specifically, the bill modifies the definitions of "net gaming proceeds," "gross revenue," and "net slot machine proceeds" to include a provision that permits a licensee or casino gaming operator to assign all or part of the allowable deduction directly attributable to promotional play that is not claimed within the same fiscal year. This assignment must be documented in writing, and both parties involved must report the transaction to the Louisiana Gaming Control Board.

The bill retains the current definitions and regulations regarding promotional play while enhancing the flexibility for licensees to manage their promotional play deductions. The effective date for these changes is set for July 1, 2026. This legislative change aims to streamline operations within the gaming industry and potentially increase revenue by allowing for better utilization of promotional play credits among licensed operators.

Statutes affected:
SB294 Original: 27:44(15), 27:205(16), 27:353(9)
SB294 Engrossed: 27:44(15), 27:205(16), 27:353(9)