RS 27:627

Eligible promotional play is capped at $5 million per calendar year per licensee, with limits on claiming and allocation across sports wagering platforms.

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Jurisdiction: United States — Louisiana
Instrument: Act or statute
Version: Undated source snapshot
Language: en
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licensing promotional play wager allocation

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27:627
RS 27:627
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AI-assisted research summary: Eligible promotional play is capped at $5 million per calendar year per licensee, with limits on claiming and allocation across sports wagering platforms.

§627. Promotional play A. Eligible promotional play shall be equal to the amount of dollars directly attributable to promotional play wagers related to sports wagering and actually redeemed by players and patrons. B. Eligible promotional play shall not exceed an amount of five million dollars per calendar year. C. The maximum amount of eligible promotional play provided by Subsection B of this Section shall apply per licensee. D.(1) In no event shall a licensee claim eligible promotional play from more than one sports wagering platform in a calendar year. (2) Notwithstanding Paragraph (1) of this Subsection, on and after January 1, 2023, a licensee may allocate, by contract, all or a portion of its eligible promotional play to its contracted sports wagering platform provider. In no event shall the combined eligible promotional play claimed by a sports wagering licensee and its contracted sports wagering platform provider exceed the total maximum amount of eligible promotional play per licensee as provided in this Section. E. If a sports wagering platform provider contracts with more than one sports wagering licensee, it may not claim more than the maximum amount of eligible promotional play per licensee as provided in this Section in any calendar year, regardless of the amount allocated to it by multiple sports wagering licensees. Acts 2021, No. 80, §3, eff. July 1, 2021; Acts 2021, No. 440, §1, eff. July 1, 2021; Acts 2022, No. 266, §1, eff. July 1, 2022.

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RS 27:627

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