Nevada Revised Statutes Title 41. Gaming; Horse Racing; Sporting Events § 463.0161. “Gross revenue” defined
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1. “Gross revenue” means the total of all:
(a) Cash received as winnings;
(b) Cash received as entry fees for 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, or any contest or tournament in conjunction with interactive gaming, 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 compensation 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; or
(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.
3. 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.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 41. Gaming; Horse Racing; Sporting Events § 463.0161. “Gross revenue” defined - last updated January 01, 2021 | https://codes.findlaw.com/nv/title-41-gaming-horse-racing-sporting-events/nv-rev-st-463-0161/
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