A novel blue light excitable yellow emitting phosphor, BaLu2(Mg0.6Al2.8Si1.6)O12:Ce3+, with an external quantum efficiency (EQE) of 66.2%, is developed by substituting Al3+‐Al3+ pairs in BaLu2Al4SiO12:Ce3+ with Mg2+‐Si4+ pairs. Alongside the redshift of Ce3+ emission, this substitution also broadened Ce3+ emission and reduced its thermal stability. The spectral changes are found to result from variations in the local crystal field and site symmetry of Ce3+ due to Mg2+‐Si4+ substitution. To assess the feasibility of the newly developed yellow‐emitting phosphor for high‐power laser lighting, it is constructed into a phosphor wheel. Owing to the efficient heat dissipation via high speed rotation of phosphor wheel, the yellow phosphor exhibit a luminous flux of 3894 lm and shows no obvious emission saturation even excited by blue laser light with a power density of 90.7 W mm−2. Exciting the yellow phosphor wheel with a blue laser diode (LDs) at a power density of 25.2 W mm−2 resulted in bright white light with a luminous of 1718.1 lm, a correlated color temperature of 5983 K, a color rendering index of 65.0, and chromatic coordinates of (0.3203, 0.3631). These results suggest that the newly synthesized yellow‐emitting phosphor holds significant potential for high‐power laser‐driven lighting applications.