2011 New Mexico Statutes
Chapter 60: Business Licenses
Article 2E: Gaming Control, 60-2E-1 through 60-2E-62
Section 60-2E-38: Calculation of net take; certain expenses not deductible.


NM Stat § 60-2E-38 (1996 through 1st Sess 50th Legis) What's This?

60-2E-38. Calculation of net take; certain expenses not deductible.

In calculating net take from gaming machines, the actual cost to the licensee of any personal property distributed to a patron as the result of a legitimate wager may be deducted as a loss, except for travel expenses, food, refreshments, lodging or services. For the purposes of this section, "as the result of a legitimate wager" means that the patron must make a wager prior to receiving the personal property, regardless of whether the receipt of the personal property is dependent on the outcome of the wager.

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