RÉSUMÉ DIGEST
ACT 14 (SB 5) 2020 First Extraordinary Session Johns
Prior law (R.S. 27:44(16)) for purposes of riverboat gaming, defined "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.
New law retains prior 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".
Prior law (R.S. 27:205(17)) for purposes of the land-based casino, defined "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.
New law retains prior 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.
Prior law (R.S. 27:353(8)) for the purposes of slot machine play at racetracks, defined "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.
New law retains prior 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".
New law defines "promotional play wagers" for purposes of riverboat gaming, land-based
casinos, and slot machine play at racetracks, 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 (July 13, 2020).
(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))