Current through October 31, 2024
Section 502.16 - Net revenuesNet revenues means gross gaming revenues of an Indian gaming operation less-
(a) Amounts paid out as, or paid for, prizes; and(b) Total gaming-related operating expenses, including all those expenses of the gaming operation commonly known as operating expenses and non-operating expenses consistent with professional accounting pronouncements, excluding management fees. 74 FR 36932 , July 27, 2009