WAC 230-14-280   Records review of gross gambling receipts.  To meet the gross gambling receipts and license class requirements, punch boards and pull-tab licensees must adjust gross gambling receipts from the operation to comply with commission records review findings.

     Licensees must perform the following calculations:

     (1) For unrecorded punch boards and pull-tab series -

	Unadjusted gross gambling receipts
+
	Unrecorded punch boards or pull-tab series
	(total number of chances multiplied by price)
	Adjusted gross gambling receipts*

     To account for any unrecorded punch boards and pull-tab series, licensees add the unrecorded punch board or pull-tab series to the unadjusted gross gambling receipts. To get the total of unrecorded punch boards or pull-tab series, licensees multiply the total number of chances available by the price of a single chance to determine the maximum amount that could be generated from the punch board or pull-tab series.

*Licensees must apply this figure to the records for the month in which they purchased the punch board or pull-tab series.

    

     (2) For recording errors -

	Unadjusted gross gambling receipts
+/–
	Adjustment factor (amount of sample group divided by recorded amount for the licensee)
	Adjusted gross gambling receipts for the quarter and the three quarters preceding**

     To adjust gross gambling receipts for the results of our records review, licensees divide the amount we determined for a randomly selected sample of punch boards or pull-tab series by the recorded amount for them.

**Licensees apply this figure to the total recorded gross gambling receipts for the calendar quarter from which we took the sample and to the three quarters immediately before.

[Statutory Authority: RCW 9.46.070. 07-17-058 (Order 614), § 230-14-280, filed 8/10/07, effective 1/1/08.]