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.