HLS 23RS-497 REENGROSSED
2023 Regular Session
HOUSE BILL NO. 564
BY REPRESENTATIVES SCHEXNAYDER, BAGLEY, BOURRIAQUE, BOYD, COX,
FISHER, GAINES, GREEN, HUGHES, JEFFERSON, JENKINS, TRAVIS
JOHNSON, JORDAN, KNOX, LAFLEUR, LARVADAIN, LYONS, NEWELL,
SELDERS, STAGNI, AND WILLARD
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
RACING/HORSE: Provides relative to racehorse wagering
1 AN ACT
2To amend and reenact R.S. 27:249.1, relative to racehorse wagering; to provide for fixed-
3 odds racehorse wagering; to provide for the percentage of audited net profits from
4 fixed-odds racehorse wagering to be used as purse supplements; to provide for the
5 duties of the Gaming Control Board; to provide for licensed sports wagering
6 operators; to provide for the definition of "audited net profits"; and to provide for
7 related matters.
8Be it enacted by the Legislature of Louisiana:
9 Section 1. R.S. 27:249.1 is hereby amended and reenacted to read as follows:
10 ยง249.1. Issuance of permit to conduct fixed-odds racehorse wagering
11 A. The division Gaming Control Board shall issue a permit to a qualified
12 racehorse wagering operator to conduct fixed-odds racehorse wagering at the official
13 gaming establishment licensed sports wagering operator in accordance with the
14 provisions of this Chapter.
15 B. An applicant for a permit to conduct fixed-odds racehorse wagering shall
16 submit with his application a written contract of the terms between the applicant and
17 the casino gaming operator authorizing the applicant to conduct fixed-odds racehorse
18 wagering at the official gaming establishment licensed sports wagering operator.
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 23RS-497 REENGROSSED
HB NO. 564
1 C. The division Gaming Control Board shall promulgate rules and
2 regulations for the conducting of fixed-odds racehorse wagering at the official
3 gaming establishment licensed sports wagering operator in accordance with the
4 provisions of this Chapter.
5 D. The racehorse wagering operator shall deliver to the designated
6 representative at the licensed racing association operated by the racehorse wagering
7 operator twenty-five fifteen percent of the audited net profits derived from fixed-
8 odds racehorse wagering authorized under in accordance with this Part for use as
9 purse supplements. These funds shall be used in addition to all other funds available
10 for use as purses under current provisions of law. Such amounts shall be paid
11 quarterly, within thirty days of the end of each quarter.
12 E. For the purposes of this Section and when used in reference to fixed-odds
13 racehorse wagering, "audited net profits" means gross revenue from actual wagers
14 less all of the following:
15 (1) Promotions of not more than twenty-five percent of gross revenue.
16 (2) State tax.
17 (3) Fixed-odds content or distribution fees of not more than three percent of
18 gross revenue.
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 564 Reengrossed 2023 Regular Session Schexnayder
Abstract: Provides for fixed-odds racehorse wagering within a land-based casino and the
payment of audited net profits from such wagering to a licensed racing association.
Present law provides that the division issue a permit for a qualified racehorse wagering
operator to conduct racehorse wagering at the land-based casino and requires the racehorse
wagering operator to provide to the licensed racing association 25% of audited net profits
from this activity to be used as purse supplements.
Proposed law changes present law by requiring that the Gaming Control Board shall issue
a permit to conduct wagering at the licensed sports operator.
Present law requires an operator to conduct racehorse wagering at the official gaming
establishment.
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HB NO. 564
Proposed law changes present law to conduct racehorse wagering at the licensed sports
operator.
Present law requires that the division promulgate rules and regulations for conducting
wagering at the official gaming establishment.
Proposed law changes present law by requiring that the Gaming Control Board promulgate
rules and regulations for conducting wagering at the licensed sports operator.
Proposed law substantially retains present law but changes the present law amount that the
racehorse wagering operator is required to provide the licensed racing association for purse
supplements from 25% of audited net profits to 15%. Proposed law further makes present
law and proposed law specifically applicable to fixed-odds racehorse wagering.
Proposed law defines "audited net profits" as gross revenue from actual wagers minus
promotions of not more than 25% of gross revenue, state taxes, and fixed-odds content or
distribution fees of not more than three percent of gross revenue.
(Amends R.S. 27:249.1)
Summary of Amendments Adopted by House
The House Floor Amendments to the engrossed bill:
1. Require the Gaming Control Board, instead of the division, to issue a permit to
conduct wagering at the licensed sports operator.
2. Require an applicant for a permit to submit his application with a written contract
authorizing the applicant to conduct wagering to the licensed sports operator.
3. Require the Gaming Control Board, instead of the division, to promulgate rules
and regulations for conducting wagering at the licensed sports operator.
4. Make technical changes.
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.