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FAQs on Gambling Fun and Vacations
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Frequently Asked Questions Related to Gambling
Question: Are there poker tournaments and game online as well that are geared towards just women?
Answer: Yes.
Question: How long does an organization need to retain game pieces and records?
Answer: Redeemed and unsold pull tabs for a game must be retained for one year from the end of the quarter in which the activity was reported on a tax return. All other documents, including the deal's game information sheet and flare, purchase invoices or receipts documenting the cost of prizes, accounting and bank records, and receipts documenting eligible uses, must be retained for three years from the end of the quarter in which the activity was reported.
Question: When Operating A Winner-Take-All Game At Bingo, Why Can't An Organization Round Up Or Down To The Next Nearest Dollar?
Answer: Rounding up or down to the next nearest dollar is not allowed at bingo because the practice would likely result in violation of the statutory requirement that ninety per cent of all winner-take-all game receipts be awarded as prizes. As the Division of Special Revenue is responsible for ensuring the integrity of authorized activity, it cannot condone a practice which would likely result in a statutory violation.
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