Accounting Services and Annual Audit

What is allowed:

• Accounting services for preparing monthly lawful gambling tax forms.
• Annual audit, required if total gross receipts less electronic pull-tab gross receipts equals $750,000 or more, or when specifically required by the commissioner of the Department of Revenue.

For questions regarding the filing requirements for an annual audit or the annual certified inventory and cash count, contact the Department of Revenue, Lawful Gambling Tax Unit, at 651-297-1772.

Annual Financial Audit

Licensed gambling organizations are required to submit an annual financial audit of gambling activities to the Minnesota Department of Revenue if their gross receipts from lawful gambling are $750,000 or more at the end of their fiscal year [Minnesota Statute 297E.06, Subd. 4.]. When an organization submits an annual financial audit to the Minnesota Department of Revenue, it must also email an electronic copy of the audit to the Minnesota Gambling Control Board [Minnesota Statute 349.19, Subd. 12.].

Submitting annual financial audits to the Gambling Control Board

• Email a copy of the organization’s annual financial audit to annual.audit.gcb@state.mn.us
• Include the organization’s license number and the fiscal year end date in the email subject line.
• Submit the audit to the Gambling Control Board at the same time it is submitted to the Minnesota Department of Revenue.
• If the organization receives a filing extension from the Department of Revenue, the audit is due to the Gambling Control Board on the date it is actually filed with the Department of Revenue.
• Submit the audit electronically as a PDF file.
• Do not fax, mail, or drop off a paper copy of the audit.
• Do not submit the audit using secure file-sharing services such as ShareFile or Dropbox.
• Do not email the annual certified inventory and cash count to the Gambling Control Board.