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1990_0220_packet
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1990_0220_packet
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'EXPENDITURE OF LAWFUL GAMBLING, PROCEEDS 31 <br />10 Insurance on ga ii 19 6 <br />Malmo= <br />10 <br />0 Investigation fee, <br />One-third of the amount, ofincrease in the, annual, premium of th <br />fiabiihityi insurance, I <br />0 Certain legal expenses) <br />01 <br />Bank acc�o�un,t service charges, anlif <br />* Audits required by the board.i <br />V1 <br />Decorations of the (gambling) site,. <br />& 11 <br />Advertising costs. 4 <br />Expenses are linifted, by statute to no miore than 55 percent of' the gross proffi <br />2-fter tax, from, bingo, and no more than, 5'0 percent of the gross profit less the <br />5' <br />taxes on other forms of' lawful gambling. I Statute also, r,equires that organiza- <br />tions approve, expenses, at a regular organizat:ion meeting. <br />X 10, 1 <br />zoa <br />CA U <br />How much money goes to each category of'allowable expenses, and how does <br />it vary by different types of organization? In this secti*on we provide a statisti- <br />cal summa,ry of trends in gambling expenditures. <br />Gambling organization expenses go largely to the gambling industry.- manufac- <br />distributors,, <br />amb <br />gl' <br />tu,rers,, ing managers and other gambliffig workers, and to <br />bar owners and others leasing �space to organizations. Figure 2.6 shows that <br />3 Minm Sw §349-15 and Minn. Rules 18601,,0160�. <br />4 Min�n. Rules, 7860.01160. Advertising has been allowed and disallowed several times. It is currently al- <br />lowed, but it may, not be paid from gambling proceeds. <br />.5 Mim, Slat, §349.1,5. Prior to 1989 the li'lm,it, was 45 Percent of profits for gambling other than bingo. <br />
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