Gross gaming revenue reports and reconciliation
Source version current through Mar 31, 2022
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- NYCRR title agency
- Executive Department
- Section status
- Section source receipt
- Source version current through
- Mar 31, 2022
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- Sep 13, 2026
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- Mar 31, 2022
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- Sep 13, 2026
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- Related Register notice
- SGC-35-21-00010-A · Adopted rule
- Related notice published
- Nov 24, 2021
- Related notice effective date
- Nov 24, 2021
Gross gaming revenue generated pursuant to this Part shall equal the total of all sports wagers received less voided sports wagers, cancelled sports wagers and amounts paid out for winning sports wagers. The amounts of sports wagers placed by a casino sports wagering licensee and amounts received by a casino sports wagering licensee as payments on layoff wagers made pursuant to section 5329.15 of this Part shall not affect the computation of the casino sports wagering licensee’s gross gaming revenue.
For sports wagering operations, a casino sports wagering licensee’s accounting department member shall determine the daily gross gaming revenue amount as set forth in such casino sports wagering licensee’s internal controls.
Unclaimed funds, cash and prizes shall be reported to the commission on the gross gaming revenue report during the week in which the funds, cash and prizes expire and shall be remitted to the commission with the gross gaming revenue for that week for deposit pursuant to the requirements of Racing, Pari-Mutuel Wagering and Breeding Law section 1354.
Forfeiture of winnings as set forth in Racing, Pari-Mutuel Wagering and Breeding Law section 1345 and gross gaming tax as prescribed in Racing, Pari-Mutuel Wagering and Breeding Law section 1367(7), including any applicable interest and penalties, shall be transmitted weekly by electronic funds transfer to the commission. Such transmissions are the responsibility of, and shall be made by, the casino sports wagering licensee.
Each casino sports wagering licensee shall submit a report to the commission on or before February twenty-eighth of each year, as required by Racing, Pari-Mutuel Wagering and Breeding Law section 1367(6)(a), detailing for such casino:
Each casino sports wagering licensee shall permit duly authorized representatives of the commission to examine such licensee’s accounts and records for the purpose of certifying gross revenue.
Promotional spend shall not be deducted from revenue or added to loss when calculating gross gaming revenue. No promotion related to sports wagering may be offered without the prior approval of the commission.