GAMING/REVENUE: Provides relative to gaming revenue (OR +$36,222,500 GF RV See Note)

HB 587 establishes a progressive tax on sports wagering revenue in Louisiana, with rates increasing as revenue grows (20% on first $30 million, up to 40% for revenue over $200 million). It directly affects licensed sports betting operators (both physical locations and mobile apps) by requiring them to pay these taxes monthly. The bill allocates 25-30% of the collected tax revenue - up to $30 million annually - to the Louisiana Early Childhood Education Fund. This creates a dedicated funding stream for early childhood programs without changing existing lottery tax structures.