WAC 230-06-165   Defining "net gambling income."  (1) "Net gambling income" means net gambling receipts minus all other expenses related to the operation of a licensed activity paid out during the same reporting period.

     (2) Expenses must be reported on the accrual basis if the records are normally maintained on that basis.



[Statutory Authority: RCW 9.46.070. 08-20-007 (Order 630), § 230-06-165, filed 9/18/08, effective 1/1/09.]