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Local Gamb,l i n_E Tax and Local <br />Expenditures. Any organization which is licensed to <br />conduct la,wf'u,l gambling "in t,he City shall do the <br />0 <br />f ol 1, owi i ng, . <br />Gross receipts from lawful an and <br />amounts actuially,paid out for prizes, <br />('2), Net pit its derived fro lawf ul <br />igam,bl, i rig . <br />(3) Amounts paild to non-profit, tax exempt, <br />organiziations pur'suant to Section <br />125.040 (2), above. <br />