Sports Wagering Proceeds - Promotional Play Exclusion - Limitation

This bill limits how much free promotional betting credits sports wagering companies can exclude from state revenue calculations. It requires the State Lottery Commission to set a percentage cap (based on the company's prior year's retained revenue) for excluding free bets and promotional credits from "proceeds." This prevents licensees from excluding unlimited promotional value when calculating revenue for state programs. The change takes effect July 1, 2026.