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Can you summarize WAAC 230-05-112?
Fees. > Defining 'gross gambling receipts.'
Short Summary
This document provides the definition of ‘gross gambling receipts’ for operators of authorized gambling activities in Washington. ‘Gross gambling receipts’ refers to the amount due to any operator before any deductions for prizes or other expenses, stated in U.S. currency. It includes fees or purchases related to punch board and pull-tab chances, raffles, enhanced raffles, electronic raffles, bingo, amusement games, card games (including net win from house-banked card games, tournament entry fees, administrative fees from player-supported jackpots, and fees to participate in nonhouse-banked card games), manufacturers and distributors of gambling equipment, gambling service suppliers, punch board/pull-tab service businesses, fund-raising event distributors, fund-raising events and agricultural fairs, major sports wagering vendors, mid-level sports wagering vendors, and ancillary sports wagering vendors. However, fees from players to enter player-supported jackpots are not considered ‘gross gambling receipts’, unless a portion of wagers is deducted for purposes other than increasing current prizes or repayment of amounts used to seed prizes.
Whom does it apply to?
Operators of authorized gambling activities in Washington
What does it govern?
Definition of 'gross gambling receipts'
What are exemptions?
Fees from players to enter player-supported jackpots are not included in 'gross gambling receipts', but any portion of wagers deducted for purposes other than increasing current prizes or repayment of amounts used to seed prizes are included
What are the Penalties?
No penalties are mentioned in this document.
Jurisdiction
Washington