New York Codes, Rules and Regulations › Title 9 - EXECUTIVE DEPARTMENT › Subtitle T - New York State Gaming Commission › Chapter II - Division of Charitable Gaming › Subchapter B - Authorized Games Of Chance, Games Of Chance Currency, Conduct Of Games And Supplies And Equipment › Part 4624 - Financial Statement Of Games Of Chance Operations › Section 4624.3 - Additional license fee

Current through Register Vol. 46, No. 28, July 10, 2024
Upon the filing of the financial statement of games of
						chance operations (form GC-7) and attachment, the licensee shall pay to the
						clerk or department or, where applicable, the chief fiscal officer of the
						county, as an additional licensee fee, a sum in the amount of five percent of
						the reported net proceeds, if any, for the license period covered by such
						statement. In the case of raffles, the licensee, upon filing the financial
						statement of raffles operations, shall pay to the clerk or department or, where
						applicable, the chief fiscal officer of the county, as an additional license
						fee, a sum in the amount of two percent of the reported net proceeds, if any,
						for that portion of the license period covered by such statement. Where the
						cumulative net proceeds or net profits derived from the conduct of a raffle or
						raffles are less than $30,000 during any one occasion, in such case, the
						reporting requirement shall be satisfied by the filing within 30 days of the
						conclusion of such occasion a verified statement on a form prescribed by the
						commission attesting to the amount of such net proceeds or net profits and the
						distribution thereof for lawful purposes with the clerk or department and a
						copy with the commission. No fee shall be required where the net proceeds or
						net profits derived from the conduct of a raffle or raffles are less than
						$30,000 during any one occasion. An organization that has filed a verified
						statement with the clerk or department and the commission attesting that such
						organization shall derive net proceeds or net profits from raffles in an amount
						less than $30,000 during one occasion or part thereof that in fact derives net
						proceeds or net profits exceeding $30,000 during any one occasion or part
						thereof shall be required to obtain a license as required by this Title and
						shall be subject to the reporting requirements and additional license fees
						required by this Part. In the case of bell jars, the licensee, upon filing
						financial statements of bell jar operations (form GC-7Q) with the commission,
						shall also tender to the commission a sum in the amount of five percent of the
						net proceeds as defined in this Part, from the sale of bell jar tickets, if
						any, for that portion of license period covered by such statement. For the
						purposes of this section, net proceeds shall mean the difference between the
						ideal handle from the sale of bell jar tickets, coin boards, merchandise boards
						and seal cards, less the purchase price to the licensee of the bell jar
						tickets, coin boards, merchandise boards and seal cards and the amount of money
						paid out in prizes. Additionally, a credit shall be permitted against the net
						proceeds fee tendered to the commission for unsold tickets of the bell jar deal
						as long as the unsold tickets have the same serial number as the tickets for
						which the fee is rendered. Such unsold tickets must be kept on file by the
						selling organization for inspection by the commission for a period of one year
						following the date upon which the relevant financial statement was received by
						the commission.