The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Alan Miller.
DIGEST
SB 516 Engrossed 2020 Regular Session Peacock
Present law 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 "promotional play wagers" from the total of cash
and property received in determining "net gaming proceeds".
Present law for purposes of the land based casino "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 "promotional play wagers"from the total of all
value received by the casino gaming operator.
Present law 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 "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 the land based
casino, 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 licensee.
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))