Nebraska Statutes 9-414. Profit, defined

Profit shall mean the gross proceeds less reasonable sums necessarily and actually expended for prizes, taxes, and allowable expenses.

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Gross proceeds: shall mean the total receipts received from the conduct of the lottery or raffle without any reduction for prizes, discounts, taxes, or allowable expenses. See Nebraska Statutes 9-407
Profit: shall mean the gross proceeds less reasonable sums necessarily and actually expended for prizes, taxes, and allowable expenses. See Nebraska Statutes 9-414