N.M. Admin. Code § 15.4.5.24

Current through Register Vol. 35, No. 21, November 5, 2024

Section 15.4.5.24 - PROMOTIONAL GAMES OF CHANCE

Free and discounted games of chance may be awarded to players when:

A. house rules describe how these games of chance are awarded;

B. no employee or members of employee's household are permitted to participate;

C. method of award is equitable and non-discriminatory;

D. the following information is collected, recorded and retained per occasion in accordance with the records retention requirements;

(1) name, address and phone number of players receiving the promotional game;

(2) the date and occasion the promotional game was played; and

(3) the retail value of the promotional game;

E. all promotional games awarded are subject to the bingo tax; and

F. licensee shall compute the bingo tax using the retail value of a non-promotional game and not the free or reduced price.

N.M. Admin. Code § 15.4.5.24

15.4.5.24 NMAC - N, 4/15/2013, Adopted by New Mexico Register, Volume XXXII, Issue 04, February 23, 2021, eff. 2/23/2021