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.
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.