Net Win definition

Net Win means the gross revenue from Class III Gaming Devices (“drop”) less all prizes and payouts that are directly related to the amount wagered, fills, xxxxxx adjustments, and “participation fees” as defined herein. “Participation fees” is defined as payments made to Gaming Resource Suppliers on a periodic basis by the Tribe’s Gaming Operation for the right to lease or otherwise license for play Class III Gaming Devices that the Tribe does not own and that are not generally available for outright purchase by gaming operators.
Sample 1Sample 2Sample 3
Net Win means drop from Gaming Devices, plus the redemption value of expired tickets, less fills, less payouts, less that portion of the Gaming Operation’s payments to a third-party wide-area progressive jackpot system provider that is contributed only to the progressive jackpot amount.
Sample 1Sample 2Sample 3
Net Win means the amount wagered at an Indian gaming facility, less the amount paid out in winnings at the Indian gaming facility.
Sample 1Sample 2Sample 3

Examples of Net Win in a sentence

  • The payments in subdivision (b)(ii) shall be determined in accordance with subdivision (d) below and shall be based on the Net Win generated during the immediately preceding quarter.

  • The State Gaming Agency shall have access to all records deemed necessary by the State Gaming Agency to verify the calculations in subdivision (b) and, if applicable, the Net Win calculations, including access to the Gaming Device accounting systems and server-based systems and software, and to the data contained therein on a read only basis.

  • If the State Gaming Agency determines that the Net Win is understated or the deductions overstated, it will promptly notify the Tribe and provide a copy of the State Gaming Agency’s audit.

  • In consideration thereof, the Tribe covenants and agrees, subject to the conditions agreed upon in Part XII of this Compact, to make Payments to the State derived from Net Win as set forth in Exhibit A (Payment Schedule).

  • The contributions shall be calculated based on the Tribe's Class Ill Net Win for each quarter of the Gaming Facility Operator's fiscal year.


More Definitions of Net Win

Net Win means "net win" as defined by American Institute of Certified Public Accountants.
Sample 1Sample 2Sample 3
Net Win means gross wagers received from gambling activities
Sample 1Sample 2Sample 3
Net Win means the gross revenue ("drop") less all prizes and payouts, fills, hopper adjustments and participation fees, and each semiannual payment shall be calculated by multiplying the average net win per
Sample 1Sample 2Sample 3
Net Win means the AICPA Casino Audit Guide's definition of"Gross Gaming Revenue" applicable at the time of calculation.
Sample 1Sample 2Sample 3
Net Win means gross gaming revenue for Class III
Sample 1Sample 2Sample 3
Net Win means the gross revenue ("drop") less all prizes and payouts, fills, hopper adjustments and participation fees, and each semiannual payment shall be
Sample 1Sample 2
Net Win means the gross revenue (“drop”) less all prizes and payouts, fills, xxxxxx adjustments and participation fees, and each semiannual payment shall be calculated by multiplying the average net win per Gaming Device for the preceding semiannual period specified in subparagraph (i) by the number of Gaming Devices specified in Section 4.3.1, subdivision (a)(i) and (ii). Participation fees shall be defined as payments made to Gaming Resource Suppliers on a periodic basis by the Gaming Operation for the right to lease or otherwise offer for play Gaming Devices.
Sample 1Sample 2