VIDEO GAMING TERMINAL PAYOUTS

Amends the Video Gaming Act. Makes changes to defined terms. Provides that each licensed establishment, licensed truck stop establishment, licensed large truck stop establishment, licensed fraternal establishment, and licensed veterans establishment at which video gaming terminals are available shall have a payout device approved by the Board. Removes provisions requiring a player to turn in the player's ticket to the appropriate person at those establishments. Provides that no cash award for the maximum wager on any individual hand shall exceed the W-2G reporting requirements set by the Internal Revenue Service (instead of $1,199). Requires credits to be awarded to players as authorized by the Act. Removes provisions prohibiting the cash award for the maximum wager on a jackpot from exceeding $10,000. Removes provisions concerning in-location bonus jackpot games.