Question 1

What is HB 353 and how does it affect COAM operators?

Accepted Answer

HB 353 is Georgia legislation requiring COAM operators to transition from cash payouts to gift cards or lottery tickets by July 2026. Loop Pay provides compliant Visa/Mastercard gift card payouts that meet all HB 353 requirements.

Question 2

When do COAM operators need to be compliant with HB 353?

Accepted Answer

The deadline for HB 353 compliance is July 2026. After this date, cash payouts will no longer be legal for COAM operations in Georgia.

Question 3

How do Loop Pay gift card payouts work?

Accepted Answer

Players win on COAM machines, and winnings are loaded onto a Loop Pay Visa/Mastercard via kiosk or staff. Players can then redeem their gift card at any participating location across Georgia.

Question 4

Is Loop Pay compliant with Georgia Lottery COAM regulations?

Accepted Answer

Yes, Loop Pay is fully compliant with HB 353 and Georgia Lottery COAM regulations. We handle all reporting and compliance requirements so operators can focus on their business.

What type of COAM license do you hold?