Nevada Revised Statutes 464.045 – Calculation of monthly state license fee to include gross revenue from off-track pari-mutuel wagering; calculation of gross revenue
1. The provisions of subsections 3 and 5 of NRS 464.040 do not apply to persons licensed to conduct off-track pari-mutuel wagering.
Terms Used In Nevada Revised Statutes 464.045
- Gross revenue: means the amount of the commission received by a licensee that is deducted from off-track pari-mutuel wagering, plus breakage and the face amount of unpaid winning tickets that remain unpaid for a period specified by the Nevada Gaming Commission. See Nevada Revised Statutes 464.005
- Off-track pari-mutuel system: means a computerized system, or component of such a system, that is used with regard to a pari-mutuel pool to transmit information such as amounts wagered, odds and payoffs on races, sporting events or other events. See Nevada Revised Statutes 464.005
- Off-track pari-mutuel wagering: means any pari-mutuel system of wagering approved by the Nevada Gaming Commission for the acceptance of wagers on:
(a) Horse or dog races which take place outside of this state;
(b) Sporting events; or
(c) Other events. See Nevada Revised Statutes 464.005
2. A licensed gaming establishment is subject to the monthly state license fees and provisions of NRS 463.370 on all gross revenue attributable to the operation of an off-track pari-mutuel system of wagering.
3. In calculating the monthly state license fee imposed by NRS 463.370, a licensee shall not deduct from gross revenue any promotional allowances, including, without limitation, prizes, payments, premiums, drawings, discounts, rebates, bonus payouts, benefits or tickets that are redeemable for money or merchandise.