SLS 20RS-856 ENGROSSED
2020 Regular Session
SENATE BILL NO. 452
BY SENATOR FOIL
LOTTERIES. Provides for the amount of gross revenue the Lottery Corporation is to
annually transfer to the state treasury. (8/1/20)
1 AN ACT
2 To amend and reenact R.S. 47:9029(A)(3), relative to the lottery; to provide for the amount
3 of gross revenues the Lottery Corporation is to annually transfer to the state treasury;
4 and to provide for related matters.
5 Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 47:9029(A)(3) is hereby amended and reenacted to read as follows:
7 ยง9029. Deposit of revenues; expenditures and investments authorized; transfer of
8 revenues to state treasury; dedication and use of proceeds;
9 corporation operating account; audit of corporation books and
10 records; audits
11 A. * * *
12 (3) Within twenty days following the close of each calendar month, the
13 corporation shall transfer to the Lottery Proceeds Fund in the state treasury the
14 amount of net revenues which the corporation determines are surplus to its needs.
15 Net revenues or proceeds shall be determined by deducting from gross revenues the
16 payment costs incurred or estimated to be incurred in the operation and
17 administration of the lottery. This shall include the expenses of the corporation and
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 452
SLS 20RS-856 ENGROSSED
1 the costs resulting from any contract or contracts entered into for promotional,
2 advertising, or operational services or for the purchase or lease of lottery equipment
3 and materials, fixed capital outlays, and the payment of prizes to the holders of
4 winning tickets. After the first year of operation the corporation shall transfer each
5 year not less than thirty-five twenty-five percent of gross revenues to the state
6 treasury.
7 * * *
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Jerry J. Guillot.
DIGEST
SB 452 Engrossed 2020 Regular Session Foil
Present law, relative to the lottery, requires that within 20 days following the close of each
calendar month, the Lottery Corporation transfer to the Lottery Proceeds Fund in the state
treasury the amount of net revenues which the corporation determines are surplus to its
needs. Requires that net revenues or proceeds be determined by deducting from gross
revenues the payment costs incurred or estimated to be incurred in the operation and
administration of the lottery including the expenses of the corporation and the costs resulting
from any contract or contracts entered into for promotional, advertising, or operational
services or for the purchase or lease of lottery equipment and materials, fixed capital outlays,
and the payment of prizes to the holders of winning tickets. Requires that after the first year
of operation, the corporation transfer each year not less than 35% of gross revenues to the
state treasury.
Proposed law requires that the corporation transfer each year not less than 25% of gross
revenues to the state treasury. Otherwise retains present law.
Effective August 1, 2020.
(Amends R.S. 47:9029(A)(3))
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.