Bill No.: SF0023                     Drafter:  LGC

LSO No.:   07LSO-0085                 Effective Date:  7/1/2007

Enrolled Act No.:    SEA0005

Chapter No.:         51

Prime Sponsor:       Joint Travel, Recreation, Wildlife and Cultural Resources Interim Committee

Catch Title:         Gambling-definitions.

Subject:              Amends statutes governing gambling.

Summary/Major Elements:

· The act provides that profits from gambling do not include benefits of proprietorship where a bona fide social game is occurring.

· The act creates new restrictions on charitable or nonprofit organizations conducting bingo games including:

· The organization shall have been in existence in the state for three years;

· The organization shall only use member volunteers or employees or contractors paid by the organization to operate the game;

· Players must be 18 years or older;

· Sixty-five percent of gross sales must be paid as winnings;

· No more than 40% of the net proceeds may be paid to distributors or manufacturers of supplies (which may be paid on a per card basis);

· Of the remaining proceeds, 75% must be donated to a charitable or benevolent purpose within one year.

· The act defines charitable or nonprofit organization as one that possesses a valid 501(c) exemption from federal income tax.

· The act defines a bingo game.

Comments:

· The act must be read in conjunction with 2007 Session Law, Chapter 52, which repeals the portion of the act which defines "bingo game".