Nevada § 463.0161 - “Gross revenue” defined

§ 463.0161. “Gross revenue” defined

1. “ Gross revenue ” means the total of all: (a) Cash received as winnings; (b) Except as otherwise provided in paragraph (g) of subsection 2, cash received as

entry fees for the right to participate in contests and tournaments; (c) Cash received in payment for credit extended by a licensee to a patron for purposes

of gaming; and (d) Compensation received for conducting any game in which the licensee is not party

to a wager, less the total of all cash paid out as losses to patrons, all cash and the cost of

any noncash prizes paid out to participants in contests or tournaments not to exceed

the total cash or cash equivalents received for the right to participate in the contests

or tournaments, those amounts paid to fund periodic payments and any other items made

deductible as losses by NRS 463.3715 . 2. The term does not include: (a) Counterfeit facsimiles of money, chips, tokens, wagering instruments or wagering

credits; (b) Coins of other countries which are received in gaming devices; (c) Any portion of the face value of any chip, token or other representative of value

won by a licensee from a patron for which the licensee can demonstrate that it or

its affiliate has not received cash; (d) Cash taken in fraudulent acts perpetrated against a licensee for which the licensee

is not reimbursed; (e) Uncollected baccarat commissions; (f) Cash provided by the licensee to a patron and subsequently won by the licensee,

for which the licensee can demonstrate that it or its affiliate has not been reimbursed;

or (g) Cash received as entry fees for the right to participate in a contest or tournament

conducted on the premises of a licensed gaming establishment with the participants

physically present at those premises when participating, if the cash is designated: (1) As employee compensation and paid as compensation to an employee of a licensee

who is involved in the organization or operation of the contest or tournament, in

addition to the regular compensation of the employee; (2) As a donation to a nonprofit, charitable, fraternal or other organization that

qualifies as a tax-exempt organization pursuant to 26 U.S.C. § 501(c) or a nonprofit corporation organized or existing pursuant to chapter 82 of NRS and

the amount is remitted to the designated organization; (3) As an addition to a payoff schedule of the contest or tournament that is fixed,

or increases automatically over time or as the contest or tournament is played, and

that is paid as a prize to a patron participating in the present or a future contest

or tournament; or (4) As an addition to an account to fund guaranteed payouts of future contests or

tournaments and the disbursement of funds from the account are used to fund guaranteed

payouts of future contests or tournaments. The Commission may adopt regulations authorizing the exclusion from gross revenue

set forth in paragraph (g) to apply to cash received as entry fees for the right to

participate in a contest or tournament other than a contest or tournament conducted

on the premises of a licensed gaming establishment with contestants physically present

at those premises when participating. 3. The amount of cash received as entry fees for the right to participate in a contest

or tournament that is excluded from gross revenue pursuant to paragraph (g) of subsection

2: (a) May not be deducted from the amount of the entry fees included in gross revenue

pursuant to subsection 1 if the amount is paid or distributed for any purpose other

than a purpose set forth in paragraph (g) of subsection 2; (b) Must be included in gross revenue for the month in which the amount is paid out

or distributed for a purpose other than a purpose set forth in paragraph (g) of subsection

2. 4. As used in this section, “ baccarat commission ” means: (a) A fee assessed by a licensee on cash paid out as a loss to a patron at baccarat

to modify the odds of the game; or (b) A rate or fee charged by a licensee for the right to participate in a baccarat

game.