Mississippi Administrative Code › Title 13 - Gaming › Part 7 - ACCOUNTING RECORDS › Chapter 3 - FINANCIAL STATEMENTS AND ANNUAL AUDIT › Rule 13-7-3.3 - Computation of Gross Revenues

Current through June 25, 2024
Gross revenue includes cash received as winnings, cash
				  received for credit extended to a patron for purposes of gaming, and
				  compensation received for conducting any game in which the licensee is not
				  party to a wager, less cash paid out as losses to patrons or amounts paid to
				  purchase annuities to fund losses paid to patrons over several years by
				  independent financial institutions.
(a). For each table game, gross revenue
				equals the closing bankroll plus credit slips for cash, chips, or tokens
				returned to the casino cage, plus drop, less opening bankroll and fills to the
				table.
(b). For each slot machine,
				gross revenue equals drop less fills to the machines, jackpot payout, and, if
				the licensee retains detailed documentation supporting the deduction, the
				actual cost to the licensee of any personal property (other than costs of
				travel, food, lodging, services, food and beverages) provided for or
				distributed to a patron as winnings. The initial hopper load is not a fill and
				does not affect gross revenue.
(c).
				For each counter game, gross revenue equals the money accepted by the licensee
				on events or games that occur during the month or will occur in subsequent
				months less money paid out during the month to patrons on winning wagers; or
				the money accepted by the licensee on events or games that occur during the
				month plus money, not previously included in gross revenue, that was accepted
				by the licensee in previous months on events or games occurring in the month,
				less money paid out during the month to patrons on winning wagers.
(d). For each card game and any other game in
				which the licensee is not a party to a wager, gross revenue equals all money
				received by the licensee as compensation for conducting the game.
(e). A licensee shall not include either
				shill win or shill loss in gross revenue computations.
(f). A licensee shall not exclude money paid
				out on wagers that are knowingly accepted by the licensee in violation of
				Gaming Control Act or the regulations of the Mississippi Gaming Commission from
				gross revenue.
(g). If in any month
				the amount of gross revenue is less than zero, the licensee may deduct the
				excess in the succeeding months, until the loss is fully offset against gross
				revenue.
(h). Counterfeit money or
				tokens, foreign currency received in gaming devices, and cash taken in
				fraudulent acts perpetrated against a licensee for which the licensee is not
				reimbursed, are not included in gross revenue.
Any of the above items which were previously excluded from
				  gross revenue, but were reimbursed at a later date, must be included in the
				  next month's gross revenue license fee return.
(i). Cash received as entry fees for contests
				or tournaments in which the patrons compete for prizes are not included in
				gross revenue, nor are cash or the value of noncash prizes awarded to patrons
				in a contest or tournament considered losses.
(j). All revenue received from any game or
				gaming device which is leased for operation on the premises of the
				licensee-owner to another person other than the owner, or which is located in
				an area on such premises which is leased by the licensee-owner to any such
				person, must be included as part of the gross revenue of the
				licensee-owner.
(k). Any prizes,
				premiums, drawings, benefits or tickets which are redeemable for money,
				merchandise or other promotional allowance may only be deducted as losses when
				the award is a direct result of slot machine play and when the points or
				credits accumulated are determined by coin out. The actual cost to the licensee
				of any merchandise awarded to the patron shall be the basis of the deduction
				for any non-cash items. Accrued "points" from player tracking promotions may
				not be deducted but only may be deducted at such time as the said points are
				redeemed by the patron. All types of promotional play at a table game must be
				included in the computation of gross revenue.
(l). 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 should not be included in the computation of gross gaming
				revenue.
(m). Uncollected baccarat
				commissions should not be included in the computation of gross gaming revenue
				provided that proper documentation, as approved by the Executive Director of
				the Mississippi Gaming Commission, is maintained.
(n). If a licensee provides periodic payments
				to satisfy a payout resulting from a wager, the initial installment payment
				when paid and the actual cost of the payment plan approved pursuant to
				Regulation III. A., Section 9 and funded by the licensee may be deducted from
				winnings. For any funding method which merely guarantees the licensees
				performance and under which the licensee makes payments directly out of cash
				flow (e.g., irrevocable letters of credit, surety bonds, or other similar
				methods), the licensee may only deduct such payments when paid to the patron. A
				licensee may deduct from winnings its pro rata share of a wide area progressive
				linked system payout, under the provisions of its contract with the operator of
				the system, and in accordance with the requirements stated herein.
(Adopted: 04/21/1994; Readopted: 04/29/1995; Amended:
				  09/23/1999; Amended: 09/21/2000.)
Miss. Code Ann.
				  §§
										75-76-45,
				  75-76-47,
				  75-76-49