GAMBLING-ADJUST GROSS RECEIPTS
Amends the Illinois Gambling Act. Changes the definition of "adjusted gross receipts" to mean the total of all cash and cash equivalents received by a licensee minus the total of: (1) all cash and cash equivalents paid out as winnings to wagerers; (2) the actual costs paid by a licensee for anything of value provided to and redeemed by wagerers; (3) voided or cancelled wagers; and (4) the costs of free play or promotional credits provided to and redeemed by the applicable licensee's wagerers.
← Back to Patrick Joyce's profile
{# E23 (Nick, ruling section 1 answer 10): quoting a bill or a court opinion works
the way quoting a news article works. Select a passage above and the same panel
opens: the passage goes to the official you choose, with this document's own
address as its source and its own type. #}