Mississippi HB1262 revises the distribution of proceeds from bingo games, limiting building improvements and requiring reporting to the Gaming.
Mississippi HB1262 amends the distribution rules for bingo game proceeds. It mandates that no more than 65% of net proceeds can be used for the organization's purposes, with at least 35% going to charities outside Mississippi. The bill prohibits using bingo proceeds for building improvements and requires organizations to report to the Gaming Commission. The changes will take effect from July 1, 2026.
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