§ 27:241.1 — Minimum compensation payments; effective March 31, 2001; payments beginning

Louisiana § 27:241.1

• Jurisdiction: Louisiana
• Title 27: Louisiana Legislature

Text

§241.1. Minimum compensation payments; effective March 31, 2001; payments beginning
August 1, 2022
A. Notwithstanding the provisions of R.S. 27:241(C) or any other law to the
contrary, effective midnight March 31, 2001, the minimum compensation to be paid by the
casino operator to the Louisiana Gaming Control Board shall be the greater of: (i) eighteen
and one-half percent of gross revenues or (ii) fifty million dollars for the casino fiscal year
April 1, 2001 through March 31, 2002, sixty million dollars for the casino fiscal year April
1, 2002 through March 31, 2022, and sixty-five million dollars for the casino year April 1,
2022, and for each casino fiscal year thereafter. Such amount shall be allocated as provided
in R.S. 27:270(A)(3)(b).
B.(1) In addition to any existing obligation to remit to the Louisiana Gaming Control
Board any fees or compensation, including compensation paid to the state pursuant to the
provisions of this Section, beginning on August 1, 2019, and concluding July 31, 2054, the
casino operator shall annually pay to the state the sum of money set forth in Paragraph (2)
of this Subsection which shall be used solely for the purpose of providing funding to the
Louisiana Cancer Research Center of the LSU Health Sciences Center in New
Orleans/Tulane Health Sciences Center.
(2)(a) Except as provided in Subparagraph (b) of this Paragraph, beginning on
October 1, 2019, the payment required by Paragraph (1) of this Subsection shall be equal to
three million four hundred thousand dollars.
(b) Beginning on August 1, 2024, the amount set forth in Subparagraph (a) of this
Paragraph shall be adjusted by a rate that is the lesser of two percent or the Consumer Price
Index, United States city average for all urban customers (CPI-U), as prepared by the United
States Department of Labor, Bureau of Labor Statistics for the two calendar years
immediately preceding the adjustment, with adjustments being made to this amount in the
same manner every two years thereafter.
C. Beginning in casino fiscal year April 1, 2022, and each casino fiscal year
thereafter, in addition to any existing obligation to remit to the Louisiana Gaming Control
Board any fees or compensation, including compensation paid to the Louisiana Gaming
Control Board pursuant to the provisions of this Section, the casino operator shall annually
pay to the Louisiana Gaming Control Board an annual license payment of three million
dollars, of which five hundred thousand dollars shall be deposited in and credited to the
Compulsive and Problem Gaming Fund established in R.S. 28:842.

Legislative History

Acts 2001, 1st Ex. Sess., No. 1, §2, eff. Mar. 21, 2001; Acts 2019, No. 171, §1.