The amount of gaming activity happening in a casino, sporting event
or specific game.
To accept wagers on the outcome of a sport or similarly uncertain
event. (Race and Sports Book)
Also called the casino cage or cashier. A centralized enclosure
where the records of transactions are kept, money is counted. Chips
or tokens can be purchased or exchanged for cash.
A condition allowing players to sign credit slips, or markers, for
cash or chips.
Card rooms refer to gaming establishments where the principal
activity is poker-related games, either live or video. These
establishments typically do not offer slot machine play or other
table games such as blackjack, craps, or roulette. These
establishments are governed and regulated by the state in which they
A building or large room devoted to gambling games or wagering on a
variety of events.
Also called the cage. The secured area in a gaming establishment
where records of transactions, money, and chips are kept.
Casino Gaming Industry
All of the activities related to legalized gambling and the
operation of legal gambling establishments.
Also known as a CHECK used to represent money. At one time, chips
were made of ivory or bond, but are now commonly made of
composition, clay, ceramic or plastic.
Coin Operated Gaming Device
Any mechanical or electronic machine designed to accept coins and to
pay coins under certain conditions, especially a slot machine, or
pinball, video poker, or horse race machine.
Complimentary (also known as
A gift given by managers to favored patrons, such as meals, room, or
Also shortened to Line. The amount of money a player has
deposited in the casino cage, or the amount of money the casino
manager is willing to advance to a player.
The amount wagered and lost at a table or machine.
Taxpayers in the gaming industry include individuals, partnerships,
corporations, and joint ventures operating gaming casinos on various
facilities located in or near United States inland river waterways,
river basins, channels, lakes, ponds, and cofferdams. These
operations are conducted under licenses issued by local and state
gaming agencies. Often, state law prohibits gaming on land-based
facilities and requires that the gaming facilities be on water.
Operating casinos on the water are commonly referred to as
"Riverboat Casinos." Operating casinos in water adjacent to land are
commonly referred to as "Dockside Casinos." Taxpayers operating
Riverboat or Dockside Casinos conduct legalized gaming activities
that include blackjack, poker, roulette, craps, baccarat, keno and
Involvement in gambling. The term is usually applied to legal
gambling practices or involvement.
A state or city agency devoted to regulating legal gambling
Gaming Control Act
A state statute that legalizes certain forms of gambling and
provides guidelines for the operation and taxation of gambling
Gaming Control Board
A state or county agency that enforces policies set by the gaming
commission, investigates allegations of cheating and provides
background information on persons or corporations requesting
licensing as operators of gambling establishments.
Identification Number (ITIN)
An Individual Taxpayer Identification Number (ITIN) is
issued to nonresident aliens who do not have a Social
Security Number and is used for tax purposes only.
Land Based Casino
A land based casino is one which is located on land and is owned
either by individuals and/or corporations which have their gambling
operation overseen by a state gaming control board or state gaming
commission. Some land based casinos are limited by state law as to
the maximum amount of a single wager or bet.
A lottery is a game of chance based upon the random selection of
numbers. Generally, lotteries are only legally operated by states,
other governmental entities, or not-for-profit organizations.
Evidence of indebtedness by a player to the casino. A marker is
usually a counter check. In craps, the term refers to a small rubber
and plastic disk used to indicate whether a point has been made and
mark the number of the point until made or lost.
A system of betting on races, or events, whereby the winners divide
the total amount bet, after deducting management expenses, in
proportion to the sums they have wagered individually.
The area surrounded by a group of gaming tables.
In slot machines, a payout amount that increases with each coin
played until the total amount is won.
A race track (includes dog and horse racing, and Jai Alai) is one in
which there is regular race track betting activity at a live race
track and there may be video gambling machines located within the
racing establishment premises. Race tracks are governed by the
To remove money from the profits before it is officially counted.
A mechanical or electronic gaming device into which a player may
deposit coins and from which certain numbers of coins are paid out
when a particular configuration of symbols appear on the machine.
Also called a toke. A sum of money given to a dealer, cocktail
waitress, or other employee of an establishment for efficient or
In 1988 Congress enacted the Indian Gaming Regulatory Act (IGRA) to:
- Provide a statutory basis for
the operation of gaming by Indian tribes to promote tribal
economic development, self-sufficiency, and strong tribal
- Provide a statutory basis for
the regulation of Indian gaming to ensure the tribes are the
primary beneficiaries; and
- Independent federal
regulatory authority for Indian gaming,
- Federal standards for Indian
- The National Indian Gaming
Commission (NIGC), to meet congressional concerns regarding
Indian gaming and protect such gaming as a means of
generating tribal revenue.
The term "gaming" has been divided by
IGRA into three classes; Class I gaming is defined as consisting of:
(a) social games that have prizes of minimal value and (b)
traditional tribal games planned in connection with tribal
ceremonies or celebrations. Class II gaming primarily includes:
bingo (whether or not it is electronically enhanced), pull-tabs,
lotto, punch boards, tip jars, instant bingo, and any non-banking
card games allowed by state law. Class III gaming primarily includes
slot machines, casino games, banking card games, dog racing, horse
racing, and lotteries.
All tribal governments conducting or
sponsoring gaming activities need to be aware of the federal
requirements for income tax, employment tax, and excise tax. For
further information reference the IRS Indian
Tribal Governments office web site.
Something staked on an uncertain outcome.