SLS 20RS-856 REENGROSSED
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 §9029. 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 3
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 REENGROSSED
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 * * *
8 Section 2. R.S. 47:9029(A)(3) is hereby amended and reenacted to read as follows:
9 §9029. Deposit of revenues; expenditures and investments authorized; transfer of
10 revenues to state treasury; dedication and use of proceeds;
11 corporation operating account; audit of corporation books and
12 records; audits
13 A. * * *
14 (3) Within twenty days following the close of each calendar month, the
15 corporation shall transfer to the Lottery Proceeds Fund in the state treasury the
16 amount of net revenues which the corporation determines are surplus to its needs.
17 Net revenues or proceeds shall be determined by deducting from gross revenues the
18 payment costs incurred or estimated to be incurred in the operation and
19 administration of the lottery. This shall include the expenses of the corporation and
20 the costs resulting from any contract or contracts entered into for promotional,
21 advertising, or operational services or for the purchase or lease of lottery equipment
22 and materials, fixed capital outlays, and the payment of prizes to the holders of
23 winning tickets. After the first year of operation the corporation shall transfer each
24 year not less than twenty-five thirty-five percent of gross revenues to the state
25 treasury.
26 * * *
27 Section 3. R.S. 47:9029(A)(3) as amended and reenacted by Section 2 of this Act
28 shall supersede R.S. 47:9029(A)(3) as amended and reenacted by Section 1 of this Act and
29 become effective on July 1, 2023, only if the revenues received by the state pursuant to R.S.
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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 REENGROSSED
1 47:9029(A)(3) do not increase in amount by Fiscal Year 2023 from that amount received
2 during Fiscal Year 2020.
The original instrument was prepared by Jerry J. Guillot. The following
digest, which does not constitute a part of the legislative instrument, was
prepared by Brandi Cannon.
DIGEST
SB 452 Reengrossed 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.
Proposed law increases the minimum amount of gross revenues the corporation is required
to transfer to the state treasury from 25% to 35% on July 1, 2023, if the revenues received
by the state do not increase in amount by Fiscal Year 2023 from that amount received during
Fiscal Year 2020.
Effective August 1, 2020.
(Amends R.S. 47:9029(A)(3))
Summary of Amendments Adopted by Senate
Senate Floor Amendments to engrossed bill
1. Increases the minimum amount of gross revenues the corporation must
transfer to the state treasury from 25% to 35% on July 1, 2023, if the
revenues received by the state do not increase in amount by FY 2023 from
that amount received during FY 2020.
Page 3 of 3
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.