Senate Bill No. by Senator Talbot amends existing Louisiana gaming laws to clarify the definitions and regulations surrounding promotional play deductions for gaming operators. The bill specifically modifies the definitions of "net gaming proceeds," "gross revenue," and "net slot machine proceeds" to include a provision that allows licensees to assign unclaimed promotional play deductions to other licensed operators 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 effective date for this legislation is set for July 1, 2026. The changes aim to enhance the flexibility of gaming operators in managing their promotional play deductions, potentially benefiting the overall gaming industry in Louisiana by allowing for better resource allocation among licensed operators.

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