GAMING/REVENUE: Provides relative to taxation of online sports wagering and video poker and dedicates certain gaming revenues (EN +$34,700,000 SD RV See Note)

The tax rate on online sports wagering was changed from a fixed 15.215% to a variable rate equal to the tax rate for video draw poker devices at qualified truck stops.

The allocation of tax revenue to the Supporting Programs, Opportunities, Resources, and Teams Fund (SPORT) was increased from 25% to 25% of the monies collected (previously 25% of net proceeds, now explicitly 25% of monies collected).

The Board of Regents is now required to promulgate rules and regulations under the Administrative Procedure Act to administer the distribution of funds to universities and student athletes, replacing the previous requirement for equal distribution among eligible institutions.

The definition of 'benefit' in the SPORT Fund was updated to 'benefit awards,' clarifying that the fund supports scholarships, insurance, medical coverage, facility enhancements, litigation settlement fees, and Alston awards.

Added Senator Cathey as a co-sponsor to the bill, updating the sponsor list to reflect final legislative approval.

Changed the document header and footer to indicate the bill is now 'ENROLLED' rather than 'REENGROSSED', signifying it has passed both chambers in identical form.

Updated page numbering from 'Page 1 of 4' to 'Page 1 of 3' and adjusted the digest section to reflect the final enrolled version.

The tax rate on net gaming proceeds from online sports wagering increased from 15% to 21.5%.

A new allocation of 3% of tax revenue is directed to the Louisiana Postsecondary Inclusive Education Fund, which did not exist in the previous version.

The allocation to the Supporting Programs, Opportunities, Resources, and Teams Fund was adjusted to 25% of tax revenue, replacing the previous reference to a different tax rate.

Funding for university athletic departments is now restricted to institutions whose conferences compete in NCAA Division One at the Football Bowl Subdivision and Football Championship Subdivision levels.

The term 'benefit' is explicitly defined to include scholarships, insurance, medical coverage, facility enhancements, litigation settlement fees, and Alston awards.

A new requirement was added prohibiting the use of SPORT Fund money to displace or replace any other existing awards or scholarships.