4/10/24
Permissible Uses of Gross Gaming Revenue • Operating Expenses • Fmourstthbeepiunrapcocsoer do fa nd ceef i nwi int gh “Gneent erreavlel yn Au ec c,”eNpItGe dC ABcucl ol eut ni nt iNn go . P2r0i n2c2i-p4l ei ns s( tGrAu Ac tPs )t h a t O p e r a t i n g E x p e n s e s (which does not provide a hard & fast definition, but rather provides standards that can be applied in accounting for operating expenses) o “oOppe rear at itoi nn gs (eoxtpheenrstehsaanr et hper ci mo satroyf rgeocoudr rs i ns ogl dc o) st thsaat sasroec ii na tceudr rwe di t hi nc oe rndt rear l t o generate sales [wagering].” o Normally reported in two categories: § Selling expenses • Those expenses directly relating to the company’s efforts to generate sales [wagering] • E.g., sales salaries, commissions, advertisements, store supplies, delivery expenses, etc. § General and administrative expenses • Those expenses relating to the general administration of the company’s operations • Elic.ge.,nosfefsicaenrdanfedeso,ffeitcce. salaries, office supplies, accounting and legal services, business
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In Plain Language • Oe xppeerna dt i int ug reexspne encseesss aa rr ey lfeogr i tt ihme aotpe e, or ar tdi ionna royf , tahnedbruesai snoens sa b l e • Payroll & benefits (wages, fringe benefits, insurance, etc.) • Adidgvitearltimsiendgia(n, mewarskpeatpinerg,,reatdci.)o, billboards, direct mail, promotions/giveaways, • Govaemr/insghoErxtp)ense (Slot participation fees, compact fees/licenses/permits, cash • Grc eoepnnateri rraascl/t &ms eaaridvnmitceei nns ai, snpt crr eao ,tf iesvmses ai(olClnopamal rsptelsirm&v i eceneqtsua, irepymmepxel pno ety, nei esnesi , nurcreaennnt tcaievl /, eal sec, act sor eaui ennxti ipnneggn, t&sreal , ev ge al , l f e e s , pwoassttaegree,mmoevmabl,eertsch.)ips, supplies, laundry & linens, utilities, phone/communications, • Other (bank fees/service charges, check cashing fees, amortization & depreciation)
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