The original instrument was prepared by Alan Miller. The following digest, which
does not constitute a part of the legislative instrument, was prepared by Curry J.
Lann.
DIGEST
SB 5 Reengrossed 2020 First Extraordinary Session Johns
Present law (R.S. 27:44(16)) for purposes of riverboat gaming, defines "net gaming proceeds" as the
total of all cash and property, including checks received by a licensee, whether collected or not,
received by the licensee from gaming operations, less the total of all cash paid out as winnings to
patrons.
Proposed law retains present law but also excepts five million dollars annually directly attributable
to "promotional play wagers" from the total of cash and property received in determining "net
gaming proceeds".
Present law (R.S. 27:205(17)) for purposes of the land based casino, defines "gross revenue" as the
total of all value received by the casino gaming operator from gaming operations, including cash,
checks, vouchers, instruments and anything received in payment for credit extended to a patron for
purposes of gaming, and compensation received for conducting any game in which the casino
gaming operator is not party to a wager, less the total of all value or amounts paid out as winnings
to patrons and credit instruments or checks which are uncollected as determined by rule of the
corporation.
Proposed law retains present law but also excepts five million dollars annually directly attributable
to "promotional play wagers" from the total of all value received by the casino gaming operator.
Present law (R.S. 27:353(8)) for the purposes of slot machine play at race tracks, defines "net slot
machine proceeds" as the total of all cash and property received by a licensee from slot machine
gaming operations minus the amount of cash or prizes paid to winners.
Proposed law retains present law but also excepts five million dollars annually directly attributable
to "promotional play wagers" from the total of cash and property received in determining "net slot
machine proceeds".
Proposed law defines "promotional play wagers" for purposes of riverboat gaming, land based
casinos, and slot machine play at race tracks, as wagers placed by patrons using noncashable
vouchers, promotional chips, coupons, electronic credits, electronic promotions, scrips, or any other
cash equivalent that is provided to the patron by the casino gaming operator.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Amends R.S. 27:44(16), 205(17), and 353(8); adds R.S. 27:44(21.1), 205(30.1), and 353(9.1)) Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Revenue and Fiscal Affairs to
the engrossed bill
1. Limits exception for "promotional pay wagers" to five million dollars annually
directly attributable to "promotional play wagers".
2. Provides for technical corrections.