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Non Profit Gambling

by Jerry "Jet" Whittaker
March 18, 2006

The practice where the gambling games such as bingo, roullette, lotto, slot-machines, etc. are monitored by a charity or a non-profit group is termed as charity gambling. All the profits from the games go to the charity or the non-profit group of charities. Other wise it would have gone to a municipality or private casino. Sometimes as a one time event during a Charity Ball it occurs and such type parties are in ample. Mainly the charity interests maintain ongoing gambling concerns. These evident in most other cases. There are a host of websites on which non-profit gambling is available at 24 hours of day. there is also the information available of which report various percentages of the profits being donated to various charity organiztions.

Mechanism of non-profit gambling

There is a sudden increase in the number of questions about charitable/nonprofit gambling activities in the past several years. The commissioners are facing these almost frequently. The charitable and nonprofit segment has decreased as gambling has increased overall in the state. Meeting the minimum returns required have been difficulty to some bingo operations and their organizations are suffering that. A series of rules also have been changed. For example, dealing with these minimum returns, along with other operational and accounting standards, and types of pull-tab games, etc. The Commissioners decided to have a more comprehensive and regulated research report carried on charitable and nonprofit gambling. These reports have made several recommendations. More Over Commission staff also plan to meet in the next several months with the industry people to gather additional input about some of these topics.

Conclusion

A private corporation that works for the public's benefit is called a non-profit or charitable organization or corporation. These types of institutes and organizations are separate and independent from government. They also receive tax-exempt status in exchange for providing a public benefit. Volunteers are the most important pillars and instruments to run the non-profit gambling events. Most nonprofit organizations rely on them. An amount of almost $15,000 might be spent up in a year to pay all persons engaged in any way to organize or execute games of chance. Then also neither of the individual can earn more than $2,000 per year working at gambling events of nonprofit gambling. It does not matter for how many nonprofit organizations the person works. But there is always the exception. Only wages for gambling activities are counted against the $15,000 per organization and the $2,000 per employee while calculating the payrolls.


 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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