Senate Bill No. 487, introduced by Senator Owen, amends the Charitable Raffles, Bingo, and Keno Licensing Law to establish clearer guidelines for rental agreements related to charitable gaming premises and equipment. The bill specifies that any lease or other agreement must be mutually agreed upon in writing by the parties involved. It retains the existing prohibition against rental payments exceeding the reasonable market rate and ensures that no payments are based on a percentage of gross receipts or profits from games of chance.

Additionally, the bill maintains the requirement that any lease for charitable gaming sessions by a commercial lessor must adhere to local licensing ordinances and cannot provide for rental periods shorter than two hours. The amendments aim to enhance transparency and fairness in rental agreements for charitable gaming, effective August 1, 2026.

Statutes affected:
SB487 Original: 4:715(A)(7), 4:719(B)
SB487 Engrossed: 4:715(A)(7), 4:719(B)