Rent for the conduct of charitable gambling at a leased premises is based on net receipts, with a few exceptions.
Each month complete the LG216 Worksheet for Calculating Lawful Gambling Monthly Rent.
Who is responsible for cash shortages at a site the organization leases for the conduct of gambling and at a site it owns.
Cash shortages at leased sites are reimbursed monthly, while excess shortages at owned sites are reimbursed annually.
Common questions and answers related to calculating rent for games with negative net receipts.
If the game has a cash long, the cash long is deposited in the organization’s gambling account. The lessor may not keep the cash long as it is the organization’s money.