Nev. Rev. Stat. § 462.200
Prohibition against contracting for operation of charitable lottery or charitable game under certain circumstances; limitation on expenditure of net proceeds of charitable lottery or charitable game; annual financial report required upon request
Nevada · Nevada Revised Statutes Chapter 462 — Lotteries and Games · Status: effective
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- Citation
- Nev. Rev. Stat. § 462.200, Prohibition against contracting for operation of charitable lottery or charitable game under certain circumstances; limitation on expenditure of net proceeds of charitable lottery or charitable game; annual financial report required upon request, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2121815
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Full text
1. A qualified organization:
(a) Shall not contract with any vendor for the operation of a charitable lottery or charitable game who charges more than 8 percent of the gross proceeds of the charitable lottery or charitable game in exchange for the provision of services.
(b) Shall expend the net proceeds of a charitable lottery or charitable game only for the benefit of charitable or nonprofit activities in this state.
2. A qualified organization registered by the Chair shall, upon request, submit to the Chair a financial report on a charitable lottery or charitable game. The financial report must include a statement of:
(a) The expenses incurred in the operation of the charitable lottery or charitable game; and
(b) The amount and use of the net proceeds of the charitable lottery or charitable game.