LAC 42:I.1727
LAC 42:I.1727. Value of Prizes
Cite as La. Admin. Code tit. 42, pt. I, § 1727
A. When merchandise is awarded as a prize in a game, its value shall be determined by its cost to the licensee or if donated, the fair market value. The fair market value of donated merchandise prizes may not be reported as an expenditure in financial statement.