This bill aims to modernize the payment methods for participating in legalized games of chance, specifically bingo, raffles, and penny auctions, by allowing the use of credit cards, debit cards, and other electronic payment devices. The Legalized Games of Chance Control Commission is tasked with adopting regulations to facilitate this change, ensuring that licensees can accept these forms of payment for the sale of shares, tickets, or rights to participate in these games.

Currently, the law does not explicitly allow for credit card or electronic payments in these contexts, which this bill seeks to address. By enabling these payment options, the bill aims to enhance accessibility and convenience for participants in legalized games of chance, thereby potentially increasing participation and revenue for these activities. The act is set to take effect immediately upon passage.