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Frequently Asked Questions Related to Gambling

Question: If our organization had no gaming activity during the current quarter, are we still required to file a tax return?

Answer: Yes. All licensed gaming organizations are required to file a quarterly tax return unless the organization has surrendered its license.

Question: If the ball keeps landing on red, should I bet on black?

Answer: If you wish, but your odds are not any better. The roulette wheel does not know it landed on red many times in a row; each spin is a brand new round.

Question: Are "Good Will" Payments Allowed At Bingo?

Answer: Good Will payments are allowed at bingo as promotional good faith gestures when a winner has been inadvertently overlooked or some other error has resulted in the likelihood that a person entitled to bingo prize money would otherwise not be rewarded. Such payments are not viewed as prize payouts, which could conceivably exceed the statutory prize limits. They are viewed as promotional expenses which should be reflected as such on the front of an organization's Ten Day Bingo Report return, under the Expense section, line 3, "Other expenses"

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